Kloeckner & Co SE Expands Management Board

Sep 22, 2011, 11:23 ET from Kloeckner & Co

ROSWELL, Ga., Sept. 22, 2011 /PRNewswire/ -- The Supervisory Board of Kloeckner & Co SE appointed Bill Partalis as the third member of the company's management board, effective October 1, 2011.  Partalis will be representing the "Americas" segment on the Board of Kloeckner & Co SE.  With the new management board position, the Supervisory Board is mirroring the growth in importance of business in the Americas. Following the Macsteel and Frefer acquisitions, the "Americas" segment today accounts for approximately a third of the Kloeckner Group's sales.  Along with his responsibility for the "Americas" segment, Bill Partalis will continue to oversee the operational side of US activities from Roswell, GA as Chief Executive Officer of Namasco Corporation and Macsteel Service Centers USA.

Bill Partalis has been working for Kloeckner's United States subsidiary of the Company for 20 years. Following numerous operational, commercial and executive positions, he was appointed CEO of Namasco in 2002. He has played an instrumental part in the successful integration of the Primary Steel and the Temtco Steel acquisitions. Since Kloeckner's acquisition of Macsteel Service Centers USA, Partalis is additionally responsible for the combined US businesses.

About Kloeckner & Co:

Kloeckner & Co is the largest producer-independent distributor of steel and metal products and one of the leading steel service center companies in the European and American markets combined. The core business of the Kloeckner & Co Group is the warehousing and distribution of steel and nonferrous metals as well as the operation of steel service centers. More than 170,000 active customers are supplied through around 290 distribution and service locations by around 11,000 employees in 16 countries in Europe and America. The Company had sales of around euro 5.2 billion in the fiscal year 2010.

The shares of Kloeckner & Co SE are admitted to trading on the regulated market segment (Regulierter Markt) of the Frankfurt Stock Exchange (Frankfurter Wertpapierborse) with further post-admission obligations (Prime Standard). Kloeckner & Co shares are listed in the MDAX® index of Deutsche Borse.

SOURCE Kloeckner & Co