Arch Aluminum Has a New CEO
July 30, 2010
Arch Aluminum & Glass in Tamarac, Fla., has appointed a new
chief executive officer (CEO), Jeff Leone.
replaces Frank Busam, who had been appointed interim CEO by Sun
Captial, Arch Aluminum's parent company, following the resignation
of Leon Silverstein (CLICK
HERE for related story).
In an exclusive interview with USGNN.com, Leone said that
he comes to the company through his relationship with Sun Capital,
although he has experience in the building industry as well. "I
used to work with BASF," he says, "and was second in command
at Mapei, a chemical company."
Despite the turbulence of the past few months since Arch declared
bankruptcy, Leone says that he's very optimistic about the fabricator's
future. "The more I look at the fundamentals, it's a good company,"
he says. He also notes that the company is "bringing in a world-class
Among that team is Suresh Kumar, the new chief operating officer
at Arch. Kumar most recently owned a consulting firm, Kumar &
Associates, but served as president of Oldcastle Glass Engineered
Products from 2003 to 2006 and vice president of operations at Vitro
America from 1989 to 2003.
"He has a good track record in the industry," Leone says,
adding that Kumar will assist in running Arch's plants.
Leone's primary goal has been to take a look at how to improve
the company, and he notes that things are looking up.
"In the last 30 days we've come out of the bankruptcy process,"
he says, adding, "We've reengaged our supply base
we get under the hood we've tweaked a few things but we find it's
a good company."
Leone adds that he's interested to hear from customers and suppliers
alike what Arch can do to improve in the future.
HERE to read the news release on Leone's appointment.
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