Kaiser Aluminum Corporation (NASDAQ: KALU) has announced the appointment of James D. Hoffman to its board of directors. Hoffman, who brings over 43 years of extensive experience in the metals distribution, fabrication, and service center industries, will serve as an independent director and as a member of the board's compensation and nominating and corporate governance committees.
Hoffman's appointment is seen as a strategic move to further the company's growth plans, leveraging his nearly three decades of executive experience in strategy development, acquisitions, and turning strategic visions into results.
Prior to joining Kaiser Aluminum Corporation, Hoffman served as the chief executive officer of Reliance, Inc., formerly known as Reliance Steel and Aluminum Co., the largest metals service center company in North America. His tenure at Reliance, Inc. saw him hold various executive positions, including president and chief operating officer, executive vice president of operations, and senior vice president of operations.
Hoffman's appointment comes at a pivotal time for Kaiser Aluminum Corporation, as the company prepares for its next chapter of growth. His industry knowledge and leadership expertise are expected to be instrumental in shaping strategic priorities, supporting disciplined execution, and contributing to the company's success.
Kaiser Aluminum Corporation, headquartered in Franklin, Tenn., is a leading producer of semi-fabricated specialty aluminum products. The company's North American facilities produce value-added plate, sheet, coil, extrusions, rod, bar, tube, and wire products for aerospace and high-strength, packaging, general engineering, automotive extrusions, and other industrial applications. Established in 1946, the company's stock is included in the Russell 2000® index and the S&P Small Cap 600® index. Following these announcements, the company's shares moved -2.1%, and are now trading at a price of $77.20. For more information, read the company's full 8-K submission here.
