Kaiser Aluminum Corporation (NASDAQ: KALU) has announced the appointment of James D. Hoffman as an independent director. Hoffman, who brings over 43 years of extensive experience in the metals distribution, fabrication, and service center industries, will serve as a class II director with a term expiring at the company’s 2026 annual meeting of stockholders. He will also serve on the board’s compensation and nominating and corporate governance committees.
Hoffman previously served as the chief executive officer of Reliance, Inc., formerly known as Reliance Steel and Aluminum Co., and held various senior management positions with Earl M. Jorgensen Company. He brings with him a proven track record of strategic insight and visionary leadership, with nearly three decades of executive experience in strategy development, acquisitions, and turning strategic visions into results.
Kaiser Aluminum Corporation, headquartered in Franklin, Tenn., is a leading producer of semi-fabricated specialty aluminum products, serving customers worldwide with highly-engineered solutions for aerospace and high-strength, packaging, general engineering, automotive extrusions, and other industrial applications.
The company’s North American facilities produce value-added plate, sheet, coil, extrusions, rod, bar, tube, and wire products, adhering to traditions of quality, innovation, and service that have been key components of the culture since the company was founded in 1946. Kaiser Aluminum Corporation’s stock is included in the Russell 2000® index and the S&P Small Cap 600® index.
The addition of James D. Hoffman to the board of directors brings a wealth of industry knowledge and leadership expertise, which is expected to be a significant asset as the company advances its long-term objectives. The market has reacted to these announcements by moving the company's shares -2.1% to a price of $77.20. For more information, read the company's full 8-K submission here.
