Shale-Inland Announces Appointment of Frank Riddick as Executive Chairman
HOUSTON, Feb. 25, 2013 /PRNewswire/ -- Shale-Inland Holdings today announced that, effective February 21, 2013, Frank A. Riddick, III has been appointed the Company's Executive Chairman. Mr. Riddick, a member of the Company's Board of Directors since March 2012, replaces Craig Bouchard, who no longer serves as a director.
"We thank Mr. Bouchard for his service to Shale-Inland and wish him well as he pursues other interests," said Richard E. Lundgren, Jr., the Company's Chief Executive Officer. "The management team is looking forward to continuing its partnership with the Board under the stewardship of Mr. Riddick. He and I have developed a great working relationship since I became CEO, and Frank's experience and credibility in the industry will serve the Company well as he works with me to develop and oversee Shale-Inland's strategy."
Mr. Riddick, who has 30 years of experience in a wide range of industrial businesses, most recently served as Chief Executive Officer of JMC Steel Group, having been appointed to that position in March 2010 and was previously Chief Operating Officer since August 2009. Prior to joining JMC Steel Group, Mr. Riddick served as President and Chief Executive Officer of Formica Corporation and as President and Chief Operating Officer of Armstrong World Industries. He currently serves as a member of the board and chairman of the audit committee of World Wrestling Entertainment, Inc. and is a member of the board and serves as the chairman of audit committee for Geeknet Inc. Mr Riddick received his bachelor's degree in Mathematics and Economics from Vanderbilt and his M.B.A. from Duke University's Fuqua School of Business.
Shale-Inland is a leading specialty industrial distributor of pipe, valves, fittings and related products and provider of technical solutions to the energy and industrial sectors. We operate 47 strategically located branches throughout North America in close proximity to our customers and act as a critical link in our customers' supply chain. We market and sell our products through 12 distinct and targeted brands. For more information, visit www.shale-inland.com.