Shakeup at Ivaco is sparked by Heico efforts to streamline

Dec 10, 2007 | 02:53 PM | Michael Cowden

David Goldsmith, Ivaco Inc.'s president and chief executive officer, has left the company as part of a management restructuring plan implemented by Ivaco parent Heico Cos. LLC.

The move, which was not publicly announced, came less than 18 months after Goldsmith was appointed to the Montreal-based company's top posts.

Goldsmith left the steelmaker and major producer of wire rod in mid-October "to pursue other endeavors," said Tom Perlus, president of Ivaco Rolling Mills LP, a division of Montreal-based Ivaco. The departure came as Chicago-based Heico moved to streamline operations by cutting out his management level.....

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