Service Centers
A.M. Castle Names Marec Edgar CEO
Written by Sandy Williams
January 6, 2020
A.M. Castle & Co., a global distributor of specialty metal and supply chain services, announced that President Marec Edgar has been named chief executive officer following the retirement of Steve Scheinkman as chairman and CEO. Scheinkman will remain on Castle’s board of directors serving as a senior advisor. Mike Sheehan, currently a director, will assume the role of chairman of the board. The change in leadership is effective as of Jan. 1, 2020
“Marec’s appointment as CEO is the culmination of an intentional, year-long process that our board, including Steve, initiated late in 2018 with Marec’s appointment to president,” said Sheehan. “Since that time, our board has seen Marec and his team drive meaningful improvements to our financial performance, despite a significantly slowing market. Few of our competitors can point to year-over-year improvements like Castle generated in 2019 under Marec’s leadership.”
“Castle’s board of directors is deeply grateful to Steve for his dedication and leadership during the last five years, which were pivotal for our company. We thank Steve for his service and are pleased that his experience and insights will continue to be available to us as a director and consultant to our leadership team,” continued Sheehan.
Edgar, 43, joined A.M. Castle in 2014 as vice president and general counsel and then served as executive vice president, general counsel and chief administrative officer from May 2015 until December 2018, when he was promoted to president. Before joining Castle, Edgar served in roles of increasing responsibility at Gardner Denver, Inc., ending as assistant general counsel and chief compliance officer
Founded in 1890, A.M. Castle & Co. is a global metals distributor principally serving the durable equipment, commercial aircraft, heavy equipment, industrial goods, construction equipment, and retail sectors. It specializes in the distribution of alloy and stainless steels, nickel alloys, aluminum and carbon.
Sandy Williams
Read more from Sandy WilliamsLatest in Service Centers
GM names Worthington a 2024 Supplier of the Year
This is the Ohio-based steelmaker’s fourth time winning the award.
Olympic taps Hegler for GM role at Action Stainless
Olympic Steel has named Alex Hegler as general manager for its Action Stainless facility in Rock Hill, S.C.
Olympic opens new Houston facility for Action Stainless unit
Olympic Steel has opened a new facility in Houston to support its Action Stainless business.
Worthington Steel sees demand improvement after earnings slump
Lower volumes and steel prices dampened Worthington Steel’s profits, but market momentum is building, the metals processor said in its most recent quarterly earnings report.
Galvanized buyers see strong demand, but uncertainty lingers
Demand is up, but tariffs raise concerns