Tube City IMS Chairman & CEO to Retire
07/27/2009 - Tube City IMS, LLC announces the retirement of Chairman and CEO I Michael Coslov after more than 48 years with the company.
Tube City IMS, LLC announced the retirement of Chairman and CEO I Michael Coslov after more than 48 years with the company.
Coslov, whose career with the company began in 1965, has strategically transformed the organization from a $60 million a year scrap processor to a $3 billion provider of high quality, value-added outsourced steel services. He will continue o serve as CEO while the company's Board of Directors conducts a search for a replacement, after which he will remain on the Board of Directors as Non-Executive Chairman.
"I will miss my day-to-day involvement with Tube City IMS a great deal, but what I'll miss the most are the relationships with all of our customers and our teammates," commented Coslov. "It's been a great ride for the past 48 years, but it's time to move on to a new chapter in my life. I look forward to a greater emphasis on family and community while remaining involved with Tube City IMS through the Board."
Coslov, 67, attended Massanutten Academy in Woodstock, Va., and graduated from Duquesne University in Pittsburgh, Pa., with a bachelor's degree in Business Administration. He has been selected as a member of the university's Century Club.
Coslov has held various leadership positions with the Institute of Scrap Recycling Industries, Inc., including two terms as an elected board member as well as Chairman of the Domestic Trade and the Convention Committees. In 2006, he was named Entrepreneur of the Year in the Industrial Products and Services category by Ernst & Young's Upstate New York/Western Pennsylvania division. He also serves on the Board of Directors of the Franklin Institute, SEPA Red Cross, BDP International, Boys Latin Charter School and the Board of the Hospital of the University of Pennsylvania.
Tube City IMS is a leading provider of outsourced steel services, including raw materials procurement, scrap management, raw materials optimization, slag processing, metal recovery and surface conditioning to integrated steel mills, minimills and foundries. Headquartered in Glassport, Pa., the company has operations at 75 plants throughout the United States, Canada, Europe, Mexico, the Caribbean, South America and Asia.
