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Worthington Industries Names Andy Rose as CEO

Steel News - Published on Thu, 25 Jun 2020

Image Source: Worthington Industries
The Board of Directors of Worthington Industries Inc announced that B. Andrew Rose, the Company’s President, will become President and Chief Executive Officer, effective Sept. 1, 2020, succeeding long-time Chairman and CEO John P McConnell who will remain with the Company as Executive Chairman. Rose, 50, was named president of Worthington in 2018. He joined the Company in 2008 as vice president and chief financial officer when the Company and the country were deep in the Great Recession. Rose helped preserve liquidity and financial stability and guide the Company through that challenge. In 2014, he was promoted to executive vice president and CFO and has been instrumental in advancing the Company’s financial and capital allocation strategies. Before joining Worthington, Rose was a senior investment professional of a public investment company and partner and co-founder of Peachtree Equity Partners, a private equity fund backed by Goldman Sachs.

As executive chairman, McConnell will continue to work with Rose, the executive team and the board to develop Company strategy and help identify value-enhancing strategic initiatives including acquisitions, joint ventures and strategically important relationships.

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Posted By : Yogender Pancholi on Thu, 25 Jun 2020
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