The global distributor of specialty metal and plastic products, A.M. Castle & Co. has announced that the Board of Directors has appointed Mr. Steven Scheinkman to the position of President and Chief Executive Officer (CEO). The new appointment is effective immediately. Mr. Scheinkman is succeeding Mr. Scott Dolan who recently resigned from the company and the Board of Directors.
Steven Scheinkman was added to A. M. Castle’s Board of Directors earlier this month and he is the former President and Chief Executive Officer of Transtar Metals Corporation, which A. M. Castle acquired in late 2006. Scheinkman’s historical experience also includes positions as the President and Chief Executive Officer of Innovative Building Systems LLC and as a director of Claymont Steel Holdings, Inc., a manufacturer of custom discrete steel plate. He served as the President and Chief Executive Officer and a director of Transtar Metals Corp. (“Transtar”), a supply chain manager/distributor of high alloy metal products for the transportation, aerospace and defense industries, from September 1999 to September 2006.
“We are excited to announce the appointment of Steve Scheinkman to the position of President and CEO of A. M. Castle. We believe it is critical that we have a CEO in place who can lead us through this restructuring, which is necessary to address changes in the business and the marketplace. Steve’s background in the metals service center industry, as well as his history with our organization, make him an ideal candidate to return the Company to long-term prosperity and to recapture our niche leadership position in the industry,” said Brian Anderson, Chairman of the Board of Directors of A.M. Castle.