WEBCO INDUSTRIES, INC. ANNOUNCES APPOINTMENT OF TOBIN POSPISIL TO BOARD

Rhea-AI Summary

Webco Industries (OTC: WEBC) has announced the appointment of Tobin Pospisil to its Board of Directors, expanding the board to six members, including three outside members. Pospisil brings extensive steel industry experience, holding a BS in Business Administration from the University of Nebraska and an MBA from Duke University. His career includes executive positions at GS Industries and roles as CFO and president of Gallatin Steel Company.

Webco operates five tube production facilities in Oklahoma and Pennsylvania, along with eight value-added facilities across Oklahoma, Illinois, Michigan, Pennsylvania, and Texas. The company specializes in manufacturing high-quality carbon steel, stainless steel, and metal specialty tubing products. Their F. William Weber Leadership Campus in Sand Springs, Oklahoma, includes corporate offices and the Webco TechCenter™, which serves as their R&D facility.

Positive

• Addition of experienced steel industry executive to the board strengthens corporate governance
• Pospisil brings valuable financial and operational expertise from previous CFO and president roles
• Board expansion improves independent oversight with three outside members

Negative

• None.

SAND SPRINGS, Okla., Jan. 8, 2025 /PRNewswire/ -- Webco Industries, Inc. (OTC: WEBC) today announced the appointment of Mr. Tobin Pospisil as a member of Webco's Board of Directors. Mr. Pospisil's appointment by the Board brings the number of outside members to three and the total members to six.

Dana S. Weber, Webco Chairman and Chief Executive Officer said "Mr. Pospisil has extensive experience in the steel industry. Mr. Pospisil has a Bachelor of Science in Business Administration from the University of Nebraska and an MBA from Duke University. Over the course of his career, Mr. Pospisil worked as an executive at GS Industries and served as chief financial officer and president of Gallatin Steel Company. Mr. Pospisil has also worked for other basic materials companies as an executive and as a strategic advisor. Mr. Pospisil also currently serves as an independent board member for a steel supplier. Mr. Pospisil's extensive career experiences, make him a valuable addition to our Board, adding industry knowledge in finance and operations."

Webco's mission is to continuously build on our strengths as we create a vibrant company for the ages. We leverage our core values of trust and teamwork, continuously building strength, agility and innovation. We focus on practices that support our brand such that we are 100% engaged every day to build a forever kind of company for our Trusted Teammates, customers, business partners, investors and community. We provide high-quality carbon steel, stainless steel and other metal specialty tubing products designed to industry and customer specifications. We have five tube production facilities in Oklahoma and Pennsylvania and eight value-added facilities in Oklahoma, Illinois, Michigan, Pennsylvania and Texas, serving customers globally. Our F. William Weber Leadership Campus is in Sand Springs, Oklahoma and houses our corporate offices and our Webco TechCenter™, providing a state-of-the-art laboratory and R & D facility to lead and develop technical solutions.

CONTACT:	Mike Howard
	Chief Financial Officer
	(918) 241-1094
	mhoward@webcotube.com

 

View original content:https://www.prnewswire.com/news-releases/webco-industries-inc-announces-appointment-of-tobin-pospisil-to-board-302346061.html

SOURCE Webco Industries, Inc.

FAQ

Who is the new board member appointed to Webco Industries (WEBC) in January 2024?

Tobin Pospisil was appointed as a new board member of Webco Industries (WEBC), bringing the total board membership to six with three outside members.

What is Tobin Pospisil's professional background before joining WEBC's board?

Pospisil has extensive steel industry experience, having worked as an executive at GS Industries and served as CFO and president of Gallatin Steel Company. He holds a BS in Business Administration from the University of Nebraska and an MBA from Duke University.

How many production facilities does Webco Industries (WEBC) currently operate?

Webco Industries operates five tube production facilities in Oklahoma and Pennsylvania, plus eight value-added facilities across Oklahoma, Illinois, Michigan, Pennsylvania, and Texas.

What is the current composition of Webco Industries' (WEBC) board after Pospisil's appointment?

Following Pospisil's appointment, Webco's board consists of six total members, with three being outside members.