Published:
Logan W. Kruger Selected CEO of Century Aluminum Company
Century Aluminum Company (NASDAQ: CENX) today
announced that Logan W. Kruger will succeed Craig A. Davis as President and
Chief Executive Officer. Mr. Davis will continue to serve as Chairman of
the company's board of directors.
Kruger comes to Century from Inco, Limited, a Canadian-based mining and
metals company, which he joined in September 2003 as Executive
Vice-President, Technical Services. He was recently appointed to the
position of President, Asia/Pacific. In this role, he was responsible for
the Goro Nickel project in New Caledonia, PT Inco operations in Indonesia
and future business development throughout the Asia/Pacific region.
Prior to joining Inco, Mr. Kruger held a number of senior executive
positions with Anglo American, including Chief Executive Officer of Anglo
American Chile Limited, and President and Chief Executive Officer of Hudson
Bay Mining & Smelting Company. He joined Anglo American's Gold and Uranium
Division in 1972. A native of South Africa, he is a graduate of
Witwatersrand University, and the Management Development Program at the
University of South Africa.
"We are extremely pleased to bring Logan's expertise and experience to the
company," said John C. Fontaine, Chairman of the Nominating Committee of
Century's board of directors. "Working together, Craig and Logan will
provide Century Aluminum with outstanding leadership."
"Logan brings to Century over three decades of metals and mining leadership
experience on three continents," said Chairman Craig Davis. "He has
repeatedly demonstrated the ability to create value in commodity metals
businesses. I look forward to working with Logan as we continue to
transform Century into a larger and more globally competitive company."
Century presently owns 615,000 metric tonnes per year (mtpy) of primary
aluminum capacity. The company owns and operates a 244,000 mtpy plant at
Hawesville, Kentucky; a 170,000 mtpy plant at Ravenswood, West Virginia;
and a 90,000 mtpy plant at Grundartangi, Iceland that is being expanded to
220,000 mtpy. The company also owns a 49.67-percent interest in a 222,000
mtpy reduction plant at Mt. Holly, South Carolina. Alcoa Inc. owns the
remainder of the plant and is the operating partner. With the completion of
the Grundartangi expansion, Century's total capacity will stand at 745,000
mtpy by mid-2007. Century also holds a 50-percent share of the 1.25 million
mtpy Gramercy Alumina refinery in Gramercy, Louisiana and related bauxite
assets in Jamaica. Century's corporate offices are located in Monterey,
California.
This press release may contain "forward-looking statements" within the
meaning of U.S. federal securities laws. The company has based its
forward-looking statements on current expectations and projections about
the future; however, these statements are subject to risks, uncertainties
and assumptions, any of which could cause the company's actual results to
differ materially from those expressed in its forward-looking statements.
More information about these risks, uncertainties and assumptions can be
found in the risk factors and forward-looking statements cautionary
language contained in the company's Annual Report on Form 10-K and in other
filings made with the Securities and Exchange Commission. The company does
not undertake, and specifically disclaims, any obligation to revise any
forward-looking statements to reflect the occurrence of anticipated or
unanticipated events or circumstances after the date such forward-looking
statements are made.
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Tags: ,Manufacturing and Production:MiningandMetals ,NASDAQ01,NASDAQ01,CA,MONTEREY, CA
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