PITTSBURGH, Aug. 6, 2012 /PRNewswire/ -- Resco Products, Inc. today announced that President and Chief Executive Officer Bill Brown has informed the Board of Directors of his decision to retire after 14 years with the Company. The Board of Directors has elected John Midea, former President and Chief Operating Officer at Ennis Traffic Safety Solutions, to succeed Brown as Chief Executive Officer. Mr. Brown will remain a member of Resco's Board of Directors.
"Bill's leadership and vision have driven exceptional growth at Resco over the years," said Carl Stanton, Chairman of Resco's Board of Directors. "His customer first approach and commitment to high quality and innovative product offerings form the foundation upon which the Company has been built and operates today. We salute Bill for his years of service to Resco and the refractories industry and thank him for helping shape the Company into its current form."
"I would like to extend my sincerest gratitude to all of the people with whom I've had the pleasure of working with over the years at Resco," said Mr. Brown. "My time spent at Resco has been among the most rewarding and challenging in my professional career. Although the decision to retire was a difficult one for me, I felt that the time was right and that the team we have built at Resco, now led by John Midea, was well-positioned to achieve great success in the years ahead."
"The Board is extremely pleased to have hired such a high caliber executive in John Midea," said Daniel Han, a member of Resco's Board of Directors. "We believe that John's deep operational experience will complement Resco's fervent dedication to its customers and solidify Resco's position as a leading producer of refractory solutions. As we look to the future, the Board has every confidence that John's strategic leadership and global business insight make him the ideal CEO for Resco and its next phase of growth."
Mr. Midea said, "I am both honored and humbled to have been selected as the next CEO of Resco Products and am excited to join the deeply talented management team to help lead the Company's next phase of growth. Bill leaves behind a strong legacy of success that I believe we can build on to further drive Resco's long tradition of product quality, customer service and financial growth."
Midea, 48, joins Resco after serving as President and COO at Ennis Traffic Safety Solutions since 2008. In this capacity, he directed global strategy and operations for the approximately $500 million traffic safety and infrastructure company with operations in 9 countries. In addition to his contributions in Ennis' organic growth, he was also responsible for the successful integration of 6 acquisitions and in the creation of 4 joint ventures, critical components in growing Ennis from $340 million to $528 million in sales.
Prior to joining Ennis, John earned his MBA from Northwestern University's Kellogg School of Management and held various senior leadership positions at The Valspar Corporation and Georgia-Pacific Corporation. Midea graduated from the U.S. Naval Academy in 1987 and was selected for the Naval Nuclear program upon graduation. After graduation, he served in the Navy for six years as a Submarine Officer. John will be relocating to the Pittsburgh area with his wife Kathy, and their three children.
About Resco Products, Inc.
Founded in 1946 and headquartered in Pittsburgh, Pennsylvania, Resco is a leading North American producer of value-added refractory solutions. Refractories are consumable materials used as protective linings for high temperature furnaces, containers carrying molten metals and a range of other industrial applications in harsh operating environments. The Company's products are sold under proprietary brands that are well-recognized in their segments for high quality and performance. For additional information, please visit www.rescoproducts.com.
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SOURCE Resco Products, Inc.