Published:
Michael A. Bless Named CFO of Century Aluminum Company
Century Aluminum Company (NASDAQ: CENX)
announced today that Michael Bless will succeed David Beckley as chief
financial officer, effective Jan. 23, 2006. Mr. Beckley, who will retire
after ten years of service, will remain with Century through the first
quarter of 2006 to assist with transition matters.
Mr. Bless most recently served as managing director of M. Safra & Co. in
New York, a private investment firm. Prior to this, he served as senior
vice president and chief financial officer of Rockwell Automation, Inc.
Before joining Rockwell, Mr. Bless spent ten years as an investment banker
with Dillon, Read & Co. Inc., where he rose from the position of financial
analyst to senior vice president, focusing on industrial companies and
mergers and acquisitions. Mr. Bless is a 1987 graduate of Princeton
University.
"We are very pleased to bring Mike onboard," said Century chief executive
officer Logan Kruger. "His broadly-based financial expertise, combined with
his background in the manufacturing sector, should serve us well as we
continue to improve our competitiveness in the global aluminum industry."
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.
Distributed by Market Wire
Copyright © 2008, MarketWire
Copyright © 2008, NewsBlaze,
Daily News
Tags: ,Manufacturing and Production:MiningandMetals, ,NASDAQ01,NASDAQ01,CA,MONTEREY, CA
_ _Is your favorite bookmark site missing?
Ask for it.