TMK IPSCO Announces Executive Changes
Jan 08, 2016
OTC Disclosure News Service
TMK IPSCO, the U.S. subsidiary of global pipe manufacturer TMK, today
announced that Chairman Piotr Galitzine will assume the additional role
of chief executive officer. David S. Mitch has stepped down as president
and CEO, but will undertake consulting work for the company.
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Piotr Galitzine, chairman and CEO of TMK IPSCO (Photo: Business Wire)
“I would like to thank Dave for his leadership and contributions to the
company,” Galitzine said. “My appreciation is echoed by the TMK group.”
TMK (LSE: TMKS) is a leading global manufacturer and supplier of steel
pipe for oil and gas industry, operating more than 30 production sites
in the United States, Russia, Canada, Romania, Oman, UAE and Kazakhstan
and two RD centers in Russia and the USA. In 2014, TMK’s pipe shipments
totaled 4.4 million tonnes. The largest share of TMK’s sales belongs to
high margin oil country tubular goods (OCTG), shipped to customers in
over 80 countries. TMK delivers its products along with an extensive
package of services in heat treating, protective coating, premium
connections threading, warehousing and pipe repairing. TMK’s securities
are listed on the London Stock Exchange, the OTCQX International Premier
trading platform in the U.S. and on the Moscow Exchange MICEX-RTS.
TMK IPSCO manufacturing plants:
Edmonton, Alberta, Canada
For more information about TMK IPSCO, please visit www.tmk-ipsco.com.
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