PITTSBURGH, Dec. 13, 2012 /PRNewswire/ -- TMS International Corp. (NYSE: TMS), the parent company of Tube City IMS Corporation, a leading provider of outsourced industrial services to steel mills globally, announced that its Board of Directors has elected Leon Z. Heller as Executive Vice President, General Counsel and Secretary effective January 1, 2013. Mr. Heller currently serves as Senior Vice President, General Counsel and Assistant Secretary of the company's Mill Services Group.
Mr. Heller will succeed Thomas E. Lippard, 69, who has served as Executive Vice President, General Counsel and Secretary since 1997. Mr. Lippard is retiring from the company after 16 years as a member of the company's senior management team preceded by 26 years representing the company as outside counsel in private practice. Mr. Lippard will continue to serve the company in a consulting role as General Counsel Emeritus.
Mr. Heller, 63, joined the company in 1991 and was promoted to his current position in 2004. Prior to joining the company, Mr. Heller was Vice President and Deputy General Counsel of a Philadelphia commercial bank, and a partner in a Chicago law firm. A native of Philadelphia, Mr. Heller earned his bachelor's degree from the University of Pennsylvania and is a graduate of the University of Wisconsin Law School.
"The Board of Directors is delighted to announce Leon's promotion," said Raymond Kalouche, President and CEO-elect. "Leon brings to the role a comprehensive knowledge of our business, and I know we can count on his leadership, supported by a strong and experienced senior management team."
Commenting on Mr. Lippard's retirement, Mr. Kalouche added, "On behalf of the Board of Directors, our employees and shareholders, we thank Tom for his 42 years of total service to the company. As a member of the senior management team, Tom's experience, vision and drive have been key factors in the successful evolution of this company from a regional to a global outsourced mill services company. We are grateful for his significant contributions and his longstanding dedication to the company. We wish him all the best in his well-earned retirement."
About TMS International Corp.
TMS International Corp., through its subsidiaries, including Tube City IMS Corporation, is the largest provider of outsourced industrial services to steel mills in North America as measured by revenue and has a substantial and growing international presence. The company provides mill services at 80 customer sites in 10 countries and operates 36 brokerage offices from which it buys and sells raw materials across five continents.
Forward Looking Statements
Certain information in this news release contains forward-looking statements with respect to the company's financial condition, results of operations or business or its expectations or beliefs concerning future events. Such forward-looking statements include the discussions of the potential new debt refinancing, the company's business strategies, estimates of future global steel production and other market metrics and the company's expectations concerning future operations, margins, profitability, liquidity and capital resources. Although the company believes that such forward-looking statements are reasonable, it cannot assure you that any forward-looking statements will prove to be correct. Forward-looking statements may be preceded by, followed by or include the words "may," "will," "believe," "expect," "anticipate," "intend," "plan," "estimate," "could," "might," or "continue" or the negative or other variations thereof or comparable terminology. Such forward-looking statements are not guarantees of future performance and involve risks, uncertainties, estimates and assumptions that may cause the company's actual results, performance or achievements to be materially different. Additional information relating to factors that may cause actual results to differ from the company's forward-looking statements can be found in the company's most recent Annual Report on Form 10-K and elsewhere in the company's filings with the Securities and Exchange Commission. You should not place undue reliance on any of these forward- looking statements. Any forward-looking statement speaks only as of the date on which it is made, and we undertake no obligation to update any such statement to reflect new information, or the occurrence of future events or changes in circumstances.
SOURCE TMS International Corp.