Worthington Industries Names New CFO
12/02/2008 - Worthington Industries announces the appointment of B. Andrew “Andy” Rose as Chief Financial Officer and the appointment of Robert McMaster as Senior Financial Adviser to the Chairman.
Worthington Industries announced the appointment of B. Andrew “Andy” Rose as Chief Financial Officer beginning December 1, 2008. Rose replaces John S. Christie, who retired in July.
“I am pleased that Andy is joining our team,” said Chairman and CEO John P. McConnell. “His financial expertise and his leadership role in manufacturing and distribution investments have prepared him well for this position. Our finance group has done a good job of working through this period and the addition of Andy will strengthen our capabilities.”
McConnell also announced that Robert McMaster joined the corporate office, as Senior Financial Adviser to the Chairman. McMaster has been working with the Worthington corporate finance group since September, and will continue working in this capacity for the foreseeable future.
Prior to joining Worthington, Rose, 38, was most recently at MCG Capital Corp., where he was a senior investment professional in the Atlanta office. Prior to that, Rose was a founding partner at Peachtree Equity Partners, LP, a $110-million private-equity fund backed by Goldman Sachs. At Peachtree, Rose managed debt and equity recapitalizations for manufacturing, distribution and service firms, served on the Board of Directors of various companies, advised management on growth strategies and operations and managed the firm’s institutional investor base. Previously, he was also Vice President of Private Equity at Wachovia Capital Associates for five years.
Over his 27 years with KPMG, McMaster served as Managing Partner of the Columbus office, the Ohio Valley Area Managing partner, and as a member of the firm’s operating committee. Most recently, McMaster was the CEO of ASP Westward LP, a publisher of community newspapers. He serves on both public and private boards, including Carpenter Technology, Inc., a metals related company.
Worthington Industries is a leading diversified metal processing company with annual sales of approximately $3 billion. The Columbus, Ohio, based company is a premier value-added North American 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 approximately 7500 and operate 68 facilities in 10 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.
