Andy Rose will become president and CEO of Worthington Industries Sept. 1 as part of a planned succession. Longtime Chairman and CEO John McConnell will remain with the company as executive chairman.
“It has been my privilege to lead the company my father founded for over 27 years,” said McConnell. “Andy has been a member of our leadership team for the last 11 years, and I am confident that he will carry our people-first philosophy forward and lead Worthington through its next phase of growth. Together, we have built a dynamic leadership team that will successfully drive us into the future.”
As executive chairman, McConnell will continue to work with Rose, the executive team and the board to develop company strategy and help identify value-enhancing strategic initiatives including acquisitions, joint ventures and strategically important relationships.
“It is a tremendous honor to become CEO of Worthington Industries. I am grateful to have had the opportunity to work closely with John for more than a decade. Through his leadership, I have learned the value that people bring to an organization, given the right environment. I look forward to continuing to work with John and our strong leadership team to preserve our unique culture guided by our philosophy and deliver solid returns for our shareholders,” said Rose, who became president of the company in 2018.
McConnell, 66, began his career at Worthington in 1975 as a general laborer, later working in sales and operations with increasing responsibility. He was instrumental in administering the company’s employee-focused policies as head of personnel, including the company’s focus on health and wellness that featured the opening of an onsite fitness center in 1985 and onsite medical center and pharmacy for employees and their families in 1994.
As CEO, McConnell streamlined Worthington’s focus on steel-related businesses, expanded the company’s global footprint and enhanced its joint venture strategy, significantly growing profitability. Under his leadership, the company pioneered the use of futures for hedging steel. Over the last 10 years, Worthington has expanded its business by completing 20 acquisitions, including the largest acquisition in its history in 2017.