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.
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.