Metals distributor Ryerson Inc., Chicago, IL, has taken the initial steps in a reorganization following its acquisition by buyout firm Platinum Equity.
On Monday, Platinum made several appointments to the company’s senior leadership team:
- Robert Archambault was named Interim CEO. Archambault is a partner at Platinum Equity overseeing the Ryerson investment.
- Stephen Makarewicz was been appointed as President and COO. Makarewicz was previously President of Ryerson South.
- Terence Rogers was appointed as Executive Vice President and Chief Financial Officer. Rogers was previously Vice President of Finance for Ryerson.
As part of the reorganization, Neil Novich, former chairman and CEO, Jay Gratz, former CFO, and Gary Niederpruem, former EVP, have left the company.
Further details of the reorganization will be announced in the weeks ahead. In the meantime, our highest priority is to minimize any disruption to our customers, suppliers and business partners,” Archambault said.
Ryerson has 2006 revenues of $5.9 billion. The company services customers through service centers across the U.S. and in Canada, Mexico, India and China.