Worthington Industries Announces New President
10/14/2008 - Worthington Industries appoints George P. Stoe as President, in addition to his current duties as Chief Operating Officer.
Worthington Industries’ Chairman and CEO John P. McConnell announced the appointment of George P. Stoe as President. Stoe will also continue to serve as the company’s Chief Operating Officer (COO).
“I am pleased to name George president, as we have grown to rely on his experience and leadership in the organization,” McConnell said. “He has a deep understanding of all our businesses and his day-to-day involvement has strengthened our management team. He joins me in being committed to driving the business forward through our transformational efforts and positioning the company for sustainable earnings growth beyond the present day challenges.”
In his new position, Stoe, 62, will continue to serve as Chief Operating Officer, a position he has held since December of 2005. He originally joined Worthington in January of 2003 as President of the company’s pressure cylinders business segment.
Stoe’s career started in the aluminum industry, where he served in a variety of sales, manufacturing and executive roles with Howmet Aluminum and Alumax, Inc. In 1997, he was named Chief Operating Officer of Wise Metals Group and President of Wise Alloys, a large aluminum rolling mill complex in Northwest Alabama. He became President of Zinc Corp. of America in 2000.
Worthington Industries is a leading diversified metal processing company with annual sales of approximately $3 billion. The Columbus, Ohio, based company is a premier North American value-added steel processor and a leader in manufactured metal products such as metal framing, metal ceiling grid systems, pressure cylinders, automotive past model service stampings and laser welded blanks. Worthington Industries and its subsidiaries employ more than 8,000 people and operate 69 facilities in 11 countries.
Founded in 1955, the company operates under a long-standing corporate philosophy rooted in the golden rule, with earning money for its shareholders as the first corporate goal. This philosophy, an unwavering commitment to the customer, and one of the strongest employee/employer partnerships in American industry serve as the company’s foundation.
