Haynes International, Inc. has made a significant announcement regarding changes in its leadership team. Marlin C. Losch III has been appointed as the Chief Operating Officer of the company, effective July 1st. He will be responsible for all commercial and operational activities and will report directly to Michael Shor, President and CEO of Haynes International. This newly created position reflects the company's confidence in Losch's extensive knowledge and experience.
The company also disclosed that David L. Strobel, Vice President of Kokomo Operations, will be retiring in early 2025 after serving in this role since September 2018. Haynes International expressed gratitude for Strobel's contributions over his six years of service, acknowledging his expertise and industry insights gained from over 40 years in the specialty alloy industry.
Haynes International has initiated a search to identify candidates to fill Losch's prior role as Vice President of Sales and Distribution and to find a replacement for Strobel. These changes in leadership come at a crucial time for the company as it continues to work towards closing its previously announced transaction with North American Stainless, a division of Acerinox.
These developments mark a significant shift in the company's leadership structure and signal a period of change and growth for Haynes International, as it aims to continue providing high-quality products and services to its customers. Today the company's shares have moved 0.2% to a price of $58.56. If you want to know more, read the company's complete 8-K report here.
