June 10, 2015
Castle Reorganizes Management Structure
A.M. Castle, Oak Brook, Ill., is changing its management structure to improve profitability and accountability. This latest move follows the recent appointment of Steven W. Scheinkman as the new president and CEO, replacing former chief executive Scott Dolan.
Under the new structure, four executive vice presidents will handle seven corporate functions, reporting to Scheinkman. The executive vice president positions are: Patrick Anderson, chief financial officer; Marec Edgar, general counsel and chief administrative officer; Ronald Knopp, chief operating officer; and Stephen Letnich, chief commercial officer. Anderson will also handle the company’s IT functions, Edgar will oversee global human resources functions and Knopp will be responsible for inventory management.
Castle also announced the creation of a branch management structure designed to empower local leadership and drive accountability, inventory management and the profitability focus at each of its network locations. The company has identified several internal employees that have accepted positions as branch managers, who will have ultimate profit and loss and inventory management responsibility for defined groups of Castle locations globally.
“One of the two key thrusts in our restructuring plan is to improve the value proposition we provide our customers by increasing customer intimacy, service, and support. These structural changes will drive more resources, capabilities and responsibility down to our branches so they may be closer to our customers, and more responsive to the customers’ evolving needs,” Scheinkman says.