HOUSTON--(BUSINESS WIRE)--On December 2, 2016, the board of directors (the “Board”) of Friedman Industries, Incorporated (NYSE - MKT Trading symbol: FRD)(the “Company”) voted to increase the size of the Board from seven directors to eight directors and elected Michael J. Taylor to the Board to fill the resulting vacancy. Mr. Taylor, age 57, retired in 2014 from a 33-year career in the steel industry. Most recently, Mr. Taylor served as President of Cargill Metals Supply Chain from 2003 to 2014. Mr. Taylor brings an extensive knowledge of the steel industry to the Board.
On December 2, 2016, the Board approved the officer appointments of Jonathan Holcomb as Vice President – Coil Sales and Michael Thompson as Vice President – Tubular Sales. Mr. Holcomb, age 43, has been an employee of the Company for 19 years serving as a coil segment salesman. Mr. Thompson, age 42, has been an employee of the Company for 17 years serving as Sales Manager of Texas Tubular Products since 2010. Mr. Holcomb and Mr. Thompson will report to Thomas Thompson, Senior Vice President – Sales and Marketing. Both of these officer appointments will become effective January 1, 2017.
For further information regarding this press release, please contact Alex LaRue, Vice President – Secretary and Treasurer, at (903) 758-3431.