Universal Stainless Announces Resignation of CFO
04/13/2010 - Richard M. Ubinger has submitted his resignation as Vice President of Finance, Chief Financial Officer, and Treasurer of Universal Stainless & Alloy Products, Inc. effective April 30, 2010. Ronald Hauck, who joined the company as Controller in 2005, will serve as principal financial officer on an interim basis through the conclusion of the search process.
Universal Stainless & Alloy Products, Inc. recently announced that Richard M. Ubinger has submitted his resignation as Vice President of Finance, Chief Financial Officer, and Treasurer effective April 30, 2010. Ubinger has decided to leave the company to pursue other business opportunities.
Universal Stainless notes that the search for a new CFO has commenced and that Ronald Hauck, who joined the company as Controller in 2005, will serve as principal financial officer on an interim basis through the conclusion of the search process. Prior to joining Universal Stainless, Hauck held several senior financial positions, including various positions during his 24 years with PNC Financial Services Inc.
“The company greatly appreciates Rick's many contributions during his tenure with Universal Stainless,” said Dennis M. Oates, President and Chief Executive Officer. “While we have commenced a search for a replacement for Rick, we are very confident in our current finance team and in the company's ability to execute a smooth transition when our next Chief Financial Officer joins our organization.”
Universal Stainless & Alloy Products, Inc., headquartered in Bridgeville, Pa., manufactures and markets a broad line of semi-finished and finished specialty steels, including stainless steel, tool steel, and certain other alloyed steels. The company’s products are sold to rerollers, forgers, service centers, original equipment manufacturers, and wire redrawers.
“The company greatly appreciates Rick's many contributions during his tenure with Universal Stainless,” said Dennis M. Oates, President and Chief Executive Officer. “While we have commenced a search for a replacement for Rick, we are very confident in our current finance team and in the company's ability to execute a smooth transition when our next Chief Financial Officer joins our organization.”
Universal Stainless & Alloy Products, Inc., headquartered in Bridgeville, Pa., manufactures and markets a broad line of semi-finished and finished specialty steels, including stainless steel, tool steel, and certain other alloyed steels. The company’s products are sold to rerollers, forgers, service centers, original equipment manufacturers, and wire redrawers.
