NEW YORK - Universal Alloy Corp. (UAC), an aluminum extruder and manufacturer of aircraft components, has made a number of changes to its management.
As part of a re-structuring UACs U.S. and European divisions will now report to a new parent company called UAC-Global, according to Michael Tojner, chairman of the board of Montana Tech Components AG, UAC's owner.
Chip Poth, president of the UAC U.S. operations, has been named chief executive officer of UAC-Global with effect from Jan. 14.
Poth joined the company in 2001 as vice president of sales and marketing before becoming president.
John Ball, who has been chief executive officer of UAC for the past 21 years, is now co-chairman of the board of directors for UAC-Global.
In addition, Ingolf Planer has been appointed as chief financial officer of UAC-Global; Richard Griffin, previously chief financial officer, will serve on the board of directors; Kevin Loebbaka, currently president of UAC-Europe, will become chief operating officer of UAC-Global; and Michael Colt, general manager for the Canton, Ga., facility, has been named senior vice president of operations for the U.S. group.
"This executive management change is a natural succession plan for our company and ensures our valued cutomer and employee relationships will continue to be our first priority," Tojner said in a statement.
UAC operates extrusion facilities Anaheim, Calif.; Wichita, Kan.; Romania and Switzerland, in addition to Canton.