RTI Announces New Operational Management Positions
PITTSBURGH--(BUSINESS WIRE)--RTI International Metals, Inc., (NYSE: RTI), today announced a new operational management structure. Three existing members of the RTI management team will assume newly created positions: David Hall will serve as Senior Vice President – Integrated Value Chain; Richard Dean will serve as Vice President – Fabrication Operations; and Lou Bartlo will serve as Vice President – Titanium Production. The new operational structure will take effect immediately with each of these positions reporting directly to the CEO. In addition, the Company announced that Michael C. Wellham has resigned his position as a director and as President and Chief Operating Officer to become CEO of a privately held company.
In his new role as Senior Vice President – Integrated Value Chain, Mr. Hall will focus on global program management for the value-added businesses and will continue with his current commercial responsibilities. He has been with RTI since 1993, primarily managing the Company’s European operations and most recently served as Group Vice President for the Distribution Group. Mr. Dean rejoined RTI in 2008 and in his new position will oversee operational management at several business units in the Company’s Fabrication Group. Lou Bartlo, who was Group Vice President for the Titanium Group, will now serve as Vice President – Titanium Production with operational responsibility for the titanium mill product production facilities, including RTI’s new forging and rolling facility under construction in Martinsville, Virginia.
In addition to these operational positions, Vice President William A. Pallante will be elevated to Senior Vice President – Commercial, with overall responsibility for commercial activities across all business units. The Company has also commenced a search for a global operations executive.
CEO Comment
“I’m very pleased to announce this realignment of our management team and these internal promotions. I believe this formation better aligns RTI’s reporting structure to our operating and commercial activities and will enhance manufacturing capability as well as our ability to continue to be a supplier of choice within our industry,” commented Dawne S. Hickton, Vice Chairman, President, and CEO.
Ms. Hickton continued, “I would also like to thank Mike for his leadership and dedication throughout his tenure at RTI. While he has decided to move in a new direction with his career, Mike has been a great supporter of our team and played a significant role in establishing the foundation for our growth initiatives.”
Forward Looking Statement
The statements in this release relating to matters that are not historical facts are forward-looking statements that may involve risks and uncertainties. These include, but are not limited to, the impact of global events on the commercial aerospace industry, global economic conditions, the competitive nature of the markets for specialty metals, the successful completion of our capital expansion projects and other risks and uncertainties included in the Company’s filings with the Securities and Exchange Commission. Actual results can differ materially from those forecasted or expected. The information contained in this release is qualified by and should be read in conjunction with the statements and notes filed with the Securities and Exchange Commission on Forms 10-K and 10-Q, as may be amended from time to time.
Company Description
RTI International Metals®, headquartered in Pittsburgh, Pennsylvania, is one of the world’s largest producers of titanium mill products and a global supplier of fabricated titanium and specialty metal components for the international market. Through its various subsidiaries, RTI manufactures and distributes titanium and specialty metal mill products, extruded shapes, formed parts and engineered systems for commercial aerospace, defense, energy, industrial, chemical, and consumer applications for customers around the world. To learn more about RTI International Metals, Inc., visit our website at www.rtiintl.com.
