Current Board Chairman brings deep knowledge of the business and leadership expertise to accelerate company’s operational and growth strategies
Houston, TX-September 25, 2013- Shale-Inland Holdings today announced the appointment of Frank A. Riddick III as Chief Executive Officer. Mr. Riddick’s leadership will allow Shale-Inland to enhance and deliver operational improvements and long-term growth strategies across the company to better meet end market demand. Current Chief Executive Officer, Richard Lundgren, is leaving the company effective today to pursue other opportunities. Mr. Riddick will remain a member of the Board of Directors, but will resign as Executive Chairman. Current Shale-Inland Board Member Bobby L. Martin will become non-executive Chairman of the Board.
Mr. Riddick has 30 years of business experience, including 20 years leading and managing companies in the steel and building materials industries. He was most recently the Chief Executive Officer of JMC Steel Group, Inc., a leading North American steel pipe and tube manufacturer, and was formerly the Chief Executive Officer of Formica Corporation. He has also held roles as President and Chief Operating Officer and Chief Financial officer of Armstrong World Industries, Inc.
“I am very excited about the opportunity to lead Shale-Inland. Working with our talented team, I am focused on accelerating operational and growth initiatives so that we can add further value for our customers and capitalize on the opportunities in our core end markets,” said Mr. Riddick. “I am confident that my experience on the company’s Board, as well as my work in the steel industry, will allow me to hit the ground running and I am looking forward to continuing my work with the Board and the entire leadership team.”
Mr. Riddick continued, “I also want to thank Rick for his work in positioning Shale-Inland to meet projected growth in key markets. I wish him the best of luck in his future endeavors.”
Shale-Inland is a leading specialty industrial distributor of pipe, valves, fittings and related stainless and aluminum products to the energy, food processing, transportation and industrial sectors. We operate 47 strategically located branches throughout North America in close proximity to our customers and act as a critical link in our customers’ supply chain. We market and sell our products through 12 distinct and targeted brands. For more information, visit www.shale-inland.com.
Gemma Hart/Blake Sonnenshein