Larry Huget Announces Planned Retirement from ESCO Corporation

Cal Collins named as successor, President and Chief Operating Officer

Dec 09, 2010, 11:38 ET from ESCO Corporation

PORTLAND, Ore., Dec. 9, 2010 /PRNewswire/ -- ESCO Corporation, a leading manufacturer of wearparts and accessories for the mining, construction and aerospace industries, announced that its President and Chief Operating Officer Larry Huget intends to retire from the company on January 1, 2011. Huget has served in his current role since 2005 and has worked at ESCO for more than 38 years.

The company's Chairman and CEO Steve Pratt simultaneously announced the appointment of Cal Collins, currently President of Engineered Products (EP), as President and Chief Operating Officer for ESCO Corporation.

"It is with mixed emotions that I announce Larry Huget's intent to retire as President and Chief Operating Officer," said Pratt. "I am happy for Larry and his family, but will miss working alongside him. He has been an extraordinary leader and visionary for ESCO who has capably and efficiently managed the business strategies for our groups and global operations."

Huget joined ESCO Corporation in 1972 as a mining equipment product supervisor. He has held several management and officer-level positions, with responsibilities ranging from manufacturing, product management, sales, IT, human resources, finance, engineering, distribution and administration. Huget also served as President and CEO of ESCO subsidiary Bucyrus Blades, Inc., President of the Engineered Metals group, and President of ESCO Engineered Products.

"While we will greatly miss Larry and his expert counsel, we are extremely pleased with Cal Collins' promotion to President and COO," continued Pratt. "As President of Engineered Products, Cal skill fully broadened ESCO's offerings and geographic presence, while still maintaining the company's strong internal culture and focus on innovation. We look forward to our continued growth under his leadership."

Collins, who will assume his new role effective January 1, 2011, began his career with ESCO in 1977 as a flogger and grinder before entering college. He received his BA and law degree from Brigham Young University. Collins later became a partner in a Portland area law firm and earned an MBA in 1998 through the Oregon Executive Program of the University of Oregon. He returned to ESCO in 2000, and served as ESCO's Vice President of Administration, Corporate Secretary and General Counsel, and Group Vice President, Engineered Products, before assuming his current role.

About ESCO Corporation

ESCO Corporation (, based in Portland, Oregon (USA), is a leading global manufacturer of highly engineered consumable products and solutions for challenging industrial applications in the resources, infrastructure, power generation and transportation markets. The company operates on six continents, supplying ESCO branded products through a global distribution network.

SOURCE ESCO Corporation