MEETINGS - BUSINESS - PEOPLE
MEETINGS
The Ductile Iron Society 2004 Fall Meeting will be held in Rancocas, New Jersey on October 13-15, 2004. Click here for more details and to register for this meeting.
BUSINESS
Intermet names President and CEO Gary F. Ruff as chairman and CEO; John Doddridge retires.
Troy, Mich., July 15, 2004 - INTERMET Corporation (Nasdaq: INMT), one of the world's leading manufacturers of cast-metal automotive components, today announced that the company's Board of Directors has unanimously elected President and CEO Gary F. Ruff, 52, to Chairman of the Board and CEO, effective immediately. Ruff succeeds John Doddridge, 63, who joined INTERMET as Chairman and CEO in 1994, and is retiring as Chairman effective July 2004. John Doddridge will continue to serve on the Board of Directors. Doddridge stepped down as CEO in July of 2003.
Ruff has been President of INTERMET since December 2002 and was named CEO a year ago. He joined the company in 1999 as Vice President of Technical Services.
"With Gary's solid business strategy and over 150 years of tradition on which to build, INTERMET has the foundation for a successful future," said Doddridge. "He has put the right people in place who are working with the most advanced casting technologies to help improve performance for our investors and to continue the company's focus on quality and service to its customers."
Commenting on his appointment, Ruff said, "It is an honor and a privilege to take on this new responsibility with this great company. I look forward to the challenges, and most importantly, to continue working with the talented employees of INTERMET and their Board of Directors.
"John Doddridge is a highly respected automotive executive and has guided INTERMET through some demanding times," said Ruff. "We appreciate his dedication and the leadership he has shown through his years of service and wish him well in retirement."
Mitsunobu (Tony) Tadeuchi Elected to INTERMET Board of Directors
Troy, Mich., July 15, 2004 - INTERMET Corporation (Nasdaq: INMT), one of the world's leading manufacturers of cast-metal automotive components, today announced that Mitsunobu (Tony) Takeuchi has been elected to its board of directors, effective today. Mr. Takeuchi fills a board vacancy created by the departure of Richard J. Peters, who is stepping down due to an increasingly demanding schedule.
Mr. Takeuchi is Chairman Emeritus of DENSO International America, Inc., the North American headquarters for Japan-based DENSO Corporation, and Honorary Advisor to the Board of Directors, DENSO Corporation. Previously he was Chair and Chief Executive Officer of the Southfield, Mich.-based global supplier of advanced automotive systems and components.
"INTERMET Chairman and CEO Gary F. Ruff said, "Mr. Takeuchi's global experience and perspective will assist INTERMET as we further develop our relationships with the company's growing customer base overseas, particularly in Asia. We welcome him to our board and look forward to his counsel and insights."
Mr. Takeuchi's 40-year career with DENSO included serving as President and CEO of DENSO International America, overseeing operations in Canada, U.S. and Mexico. Prior to this he was General Manager of International Sales and Marketing for North America, South America, Europe and Asia/Oceania. He was elected to DENSO Corporation's Board of Directors in 1995. He began his career in 1964 with the firm's parent company, DENSO Corporation (formerly Nippondenso Company Ltd.).
Tony Takeuchi is a member and past president of the Japan Business society of Detroit and serves on boards of the National Association of Manufacturers (NAM), Original Equipment Suppliers Association (OESA), Motor Equipment Manufacturers Association (MEMA), and the Economic Club of Detroit. He holds a degree in international trading from Kanagawa University in Yokohama, Japan.
PEOPLE
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