CHICAGO Wayne K. Bassett,
president and chief executive officer of Samuel, Son & Co.
Ltd., will retire later this summer following a 40-year career
with the service center chain, the company said.
Bassett, who will be succeeded
by William "Bill" Chisholm, has been chief executive officer of
the Mississauga, Ontario-based company since 2000 and president
since 1995. During his tenure, Samuel, Son has grown to more
than 100 locations from five and boosted annual sales to more
than Canadian $3.5 billion ($3.4 billion) from C$60
"Waynes achievements and
legacy are massive," chairman Mark Samuel said in a statement
June 6. "Wayne has helped to professionalize our organization
and has created a high-performance culture. The relationships
and depth of talent that Wayne has cultivated will serve us
well into the next stage of our growth."
Bassett also served on the
boards of the Canadian Steel Service Center Institute and the
Metals Service Center Institute for more than 30 years.
Chisholm held a series of
increasingly senior operations roles at Dofasco Inc. from 1980
to 2007, culminating in a six-year term as president of the
companys tubular products division. He joined
ArcelorMittal Tubular Products as chief operating officer after
Luxembourg-based parent ArcelorMittal SA acquired Dofasco in
2007. Chisholm ran three business units comprising 26 plants in
13 countries across four continents, and then became chief
executive officer of ArcelorMittal Mexico SA de CV. He had
oversight of mining and metals businesses, including the
largest integrated steel mill in Mexico, which produces 4
million tons per year.
"Bills demonstrated track record of success and
international exposure, coupled with his passionate focus on
process improvement and management training and development,
set him apart," Samuel added.