WEBCO INDUSTRIES, INC. ANNOUNCES THE RETIREMENT OF LONG TIME BOARD MEMBER, DR. KENNETH E. CASE
Rhea-AI Summary
Webco Industries, Inc. (OTC: WEBC) announced the retirement of Dr. Kenneth E. Case from its Board of Directors after nearly 30 years of service. Dr. Case, a former Regents Professor of Industrial Engineering and Management at Oklahoma State University, has been an invaluable asset to Webco, contributing his extensive knowledge of engineering and quality. His retirement marks the end of a significant era for the company.
CEO Dana S. Weber and President David E. Boyer expressed their deep appreciation for Dr. Case's contributions, highlighting his insights, humor, and impact on Webco's growth from a small tubing manufacturer to an industry leader. Dr. Case's influence extended beyond his board role, with many of his former students becoming engineers and leaders at Webco.
Positive
- Dr. Case's long-term service (nearly 30 years) indicates stability in the company's leadership
- Webco has grown from a small tubing manufacturer to an industry leader during Dr. Case's tenure
- The company has benefited from Dr. Case's extensive knowledge in engineering and quality
Negative
- Loss of a long-standing board member with valuable industry experience and insights
- Potential disruption in board dynamics and decision-making processes
News Market Reaction
On the day this news was published, WEBC declined 0.90%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Dr. Case commented, "I have cherished my time on the Board at Webco, participating firsthand as the business and its people have grown from a small tubing manufacturer to the technical brand and industry leader they are today. The culture at Webco is unmatched and the integrity of its management and trusted teammates unwavering. Leaving the Board is one of the toughest decisions I have ever made, but it is simply time for me to step aside and allow others to carry on Webco's forever purpose."
Dana S. Weber, Chief Executive Officer and Chairperson, said "Dr. Case has been an invaluable asset for the entirety of his association with Webco. We are deeply saddened that he will no longer serve on our Board and he will be sorely missed. He is a deep thinker with a great sense of humor. He always brought such great insights to every meeting and our Forever mission." David E. Boyer, Webco's President and Chief Operating Officer added, "Dr. Case's value to Webco extended well beyond his role as a Board member. Through his extensive knowledge of engineering and quality, he gave us advice that consistently made our people, products, and processes better. In addition, over his almost 30 years on the Board, many of his engineering students at Oklahoma State University, of which I was one, became engineers and leaders at Webco. We are all blessed to have worked with Dr. Case."
Dr. Case retired in June 2005 from Oklahoma State University as a Regents Professor of Industrial Engineering and Management after being with the university since August 1975. He is a licensed professional engineer and was named the Outstanding Engineer in
Webco's mission is to continuously build on our strengths as we create a vibrant company for the ages. We leverage on core values of trust and teamwork, continuously building strength, agility and innovation. We focus on practices that support our brand, such that we are
CONTACT: | Mike Howard |
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SOURCE Webco Industries, Inc.
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