Worthington Industries names new president and chief operating officer

   Worthington Industries announced that Mark Russell, president and COO is retiring. Andy Rose has been named president and will continue as chief financial officer (CFO). Geoff Gilmore has been named vice president and chief operating officer (COO) of Worthington Industries and will also continue to lead the Pressure Cylinders business.

   “Andy will do an excellent job as president. He has a deep understanding of our Company and our Philosophy. He has been an influential leader in our successful rise out of the Great Recession,” said Chairman and CEO John McConnell. “Geoff is well prepared to take on his new role. He excelled in making improvements to enhance performance as the leader of our Steel Processing business and brought this discipline to Pressure Cylinders, instilling Lean principles and driving growth.”

   “I am excited that these changes will serve to invigorate the organization as we refresh our view of the Company’s current state and its future direction. I am very appreciative of the leadership and commitment Mark gave to Worthington over the past 11 years. He has been instrumental in improving our Company.  I wish him and his family the very best in their next chapter.”

   Rose, 48, joined Worthington Industries in December 2008 as vice president and chief financial officer. In 2014, he was promoted to executive vice president in recognition of his expanding leadership role. Before joining Worthington, Rose was a senior investment professional at MCG Capital Corporation, a publically traded company specializing in debt and equity investments in middle market companies. From 2002 to 2007, he was a founding partner at Peachtree Equity Partners, L.P., a private equity firm backed by Goldman Sachs.

   Gilmore, 46, was named president of Pressure Cylinders in May 2016 and served as president of Steel Processing from 2012 to 2016.  He has been with the Company since 1998 in Steel sales, as a general manager at the Company’s Delta, Ohio steel facility, and as head of purchasing for Worthington Industries.