NEW YORK Ivan Meltzer has been named president of TWB Co. LLC, a laser welded blanking joint venture between Worthington Industries Inc. and Wuhan Iron & Steel (Group) Corp. (Wisco).
Meltzer will replace interim president and chief financial officer Michael Lowrey, who will continue to serve as executive vice president and chief financial officer, Worthington said Sept. 11.
Meltzer has worked at Columbus, Ohio-based Worthington Industries in various sales roles for more than 15 years, most recently serving as director of automotive for Worthingtons steel processing division. Meltzer will report to Geoff Gilmore, president of Worthingtons steel processing division, who will also serve as chairman of TWBs board of directors.
Monroe, Mich.-based TWB was formed in 1992 as a joint venture between ThyssenKrupp AG and Worthington Industries.
Chinas Wisco in July purchased a 45-percent ownership in TWB from ThyssenKrupp, and Worthingon acquired an additional 10 percent that brought its ownership to 55 percent (amm.com, July 31). TWB is now consolidated within the steel processing division of Worthington Industries.