Southern Aluminum Finishing Announces Succession Plan
August 21, 2012

The Board of Directors of Southern Aluminum Finishing Co. Inc. (SAF) has announced that John McClatchey, Ph.D., 67, is retiring from the position of president of SAF, effective September 1.

McClatchey has held the role of president since 1988 and will continue to serve on the company's board of directors, in addition to remaining on as chief financial officer for at least two years.

In addition, James and Penn McClatchey have been named co-CEOs of the Atlanta-based company. James McClatchey, 62, will be responsible for sales, information technology and finance, while Penn McClatchey, 50, will be in charge of operations, engineering and marketing.

James McClatchey joined SAF in 1973, and Penn McClatchey joined SAF in 1986.

"This is an ideal time for a CEO transition, " says John McClatchey. "The company is in very good shape strategically and financially. The management team at SAF is second to none and ready to capitalize on the many opportunities ahead. I have great confidence in Penn and James and their ability to lead SAF to the next level of success. They are surrounded by a very strong group of talented people at all levels of the organization. "

Penn McClatchey adds, "I look forward to working closely with James to finish out 2012 in strong fashion, and I'm excited about leading SAF in 2013 and into the future."

James McClatchey agrees. "SAF has thrived despite a harsh building products market during the last four years," he says. "Our success has always been based on a model of shared decision making."