September 12, 2008 - Modern Distribution Management

September 12, 2008

McJunkin Red Man Names New CEO

McJunkin Red Man has named Andrew Lane as its CEO, effective immediately. Current CEO Craig Ketchum will serve as chairman of the Board of McJunkin Red Man Holding Corp. and H.B. Wehrle III would remain as chairman of the Board of PVF Holdings LLC.
 
Andrew Lane was COO of the Halliburton Company, a supplier to the energy industry, from 2004 to 2007.
 
We are excited to have Andrew join us as Chief Executive Officer as we head towards the next stage of our business," said Ketchum. "I am pleased to see Andrew come on board. His two decades of experience at Halliburton will no doubt be valuable as we look to expand within North America and globally."
 
Headquartered in Tulsa, OK, and Charleston, WV, McJunkin Red Man is a North American distributor of ...

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Textron to Exit Fluid & Power Business

Textron Inc., Providence, RI, has agreed to sell its Fluid &Power business unit to Clyde Blowers Limited, a UK-based provider of power, materials handling, intermodal transport and logistics and pump technologies, for up to $645 million.
 
The sale will mark Textron's exit from the pump and power transmission industries.
 
Lewis B. Campbell, Textron CEO, said the move will allow Textron to focus its portfolio for more meaningful value growth, profitability and shareholder ...

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