ASHLAND, Ky.--(BUSINESS WIRE)--As Braidy Industries enters its final fundraising stage, the company today announced that Chairman and CEO Craig Bouchard will step down from his current position. He will remain a member of Braidy Industries’ Board of Directors. President Tom Modrowski has been named interim CEO of Braidy Industries and current board member Mr. Charles Price has been named Chairman of the Board of Braidy Industries.
As a native of Kentucky and successful entrepreneur, Mr. Price is well positioned to focus the company on the completion of the aluminum mill initiative in Ashland.
“The board is grateful to Craig for his vision, energy and dedication to the Kentucky operation,” said Charles Price, Chairman of the Board. “Tom and the board will continue to focus our efforts on completing fundraising and planning for construction of the Ashland mill.”
Modrowski has been with Braidy since its inception and has more than 30 years’ experience in the metals business including senior leadership roles at various metal and metal processing businesses.
Site planning work and fundraising continues unabated for the first greenfield aluminum rolling mill in the U.S. in more than 37 years. The 1.5 million square foot complex will use state-of-the-art technology to serve the rapidly growing needs of the transportation industry.
Mr. Bouchard, age 66 and a resident of Naples, Florida, will continue his charitable work through the Braidy Hope Foundation established to support youth causes and combat opioid abuse in Ashland and Northeast Kentucky.
About Braidy Industries, Inc.
Braidy Industries, Inc. was formed to lead a national transformation in the manufacture and use of efficient, eco-friendly metal alloys that are lighter and stronger than metals currently in commercial use. The Company’s first project, the construction of Braidy Atlas aluminum rolling mill, a state-of-the-art low-emissions greenfield manufacturing facility at EastPark Industrial Center in Ashland, Kentucky, will position the Company as the low-cost provider of 300,000 annual tons of production-ready series 3000, 5000 and 6000 aluminum sheet for the automotive and beverage can industries. Braidy’s subsidiary, Veloxint Corporation, is an MIT-incubated lightweighting solutions company that is manufacturing parts with a novel nanocrystalline technology. Braidy’s newest subsidiary, NanoAl LLC is a world leader in the science of nanocrystalline technology applied to aluminum. For more information, visit www.braidyindustries.com.