KLÖCKNER & CO SE EXPANDS MANAGEMENT BOARD: THE SUPERVISORY BOARD APPOINTS BILL PARTALIS MEMBER OF THE BOARD RESPONSIBLE FOR THE AMERICAS SEGMENT
Duisburg, September 20, 2011: In today’s meeting, the Supervisory Board of Klöckner & Co SE appointed Mr. Bill Partalis third member of the Company’s Management Board. From October on, he will be representing the Americas segment on the Board. In setting up this new Management Board position, the Supervisory Board is mirroring the growth in importance of business in the Americas on the back of the Macsteel and Frefer acquisitions – business which today accounts for around a third of Group sales. Alongside his responsibility for the Americas segment, Bill Partalis will continue to oversee the operational side of US activities from Roswell, Georgia.
Bill Partalis has been working for the US-American subsidiary of the Company for 20 years. Following numerous executive positions in the operational field, he was appointed CEO of Namasco in 2002, in which position he has played an instrumental part in the successful integration of the Primary and Temtco acquisitions. Since the takeover of Macsteel, he is additionally responsible for the combined US business.
Bill Partalis (born in 1953) is an US citizen, married with 2 children.
About Klöckner & Co:
Klöckner & Co is the largest producer-independent distributor of steel and metal products and one of the leading steel service center companies in the European and American markets combined. The core business of the Klöckner & Co Group is the warehousing and distribution of steel and non-ferrous metals as well as the operation of steel service centers. More than 170,000 active customers are supplied through around 290 distribution and service locations by around 11,000 employees in 16 countries in Europe and America. The Company had sales of around €5.2 billion in the fiscal year 2010.
The shares of Klöckner & Co SE are admitted to trading on the regulated market segment (Regulierter Markt) of the Frankfurt Stock Exchange (Frankfurter Wertpapierbörse) with further post-admission obligations (Prime Standard). Klöckner & Co shares are listed in the MDAX® index of Deutsche Börse.
ISIN: DE000KC01000; WKN: KC0100; Common Code: 025808576.
Dr. Thilo Theilen – Press Spokesperson
Head of Investor Relations & Corporate Communications
Telephone: +49 (0) 203-307-2050
Fax: +49 (0) 203-307-5025