NEW YORK Barry Zekelman
has again taken the reigns as chief executive officer and chief
operating officer of JMC Steel Group Inc. beginning Feb. 8.
"I just have a passion for it,
and since I own it I certainly want to run it," he told
The Zekelman family bought a
majority stake in JMC from the Carlyle Group in early 2011 (
amm.com, March 14, 2011).
"There was a period of time
where we wanted to straighten some things out and wanted to
transition, but since its a family owned business, we
want to run the day-to-day (operations)," Zekelman said.
He previously held the positions
between 2008 and 2010 before becoming executive chairman (
amm.com, March 30, 2010).
Frank Riddick, who has been
chief executive officer since Zekelmans move to executive
chairman, and John Higgins, previously the Chicago-based
companys executive vice president of operations, have
left JMC "to pursue other endeavors," the company said.
"My brothers and I thank Frank
and John for all their hard work at JMC and wish them well,"
Zekelman said in a statement.
"All former direct reports to
the chief executive officer and executive vice president of
operations will report directly to Barry Zekelman," the company