Vardis is Proud to Support Platinum Equity & Ryerson in Appointing Court Carruthers as a Member of its Board of Directors.
Ryerson Holding Corporation (NYSE: RYI), a leading processor and distributor of metals, announces Court Carruthers has been appointed to its board of directors, effective August 7, 2015.
Carruthers brings extensive experience to his role as a Ryerson board member.
He held multiple leadership positions during his 13 years with W. W. Grainger, Inc., most recently serving as Group President of Grainger’s Americas region, where he was responsible for the company's operations in North and South America, as well as its e-commerce and technology initiatives across the enterprise.
“Court’s experience, energy, and intellect combined with his dynamic track record building commercial teams, managing supply chains and driving leading B2B e-commerce platforms are highly complementary with Ryerson’s strategic direction,” said Eddie Lehner, Ryerson’s President and Chief Executive Officer. “We welcome him to our Board of Directors and look forward to receiving his insight as Ryerson continues its transformation.”
Carruthers has a Master of Business Administration from Queen's University in Canada and a bachelor’s degree in commerce from the University of Alberta. He is also a Fellow of the Chartered Professional Accountants of Canada and an institute-certified director. In addition, he is a Director of the Montessori School of Lake Forest, Illinois, and a member of the University of Alberta business advisory council.
“I am honored to be joining Ryerson’s board of directors,” said Carruthers. “I have tremendous respect for Ryerson and its leadership team, and I look forward to working with them.”operations in North and South America, as well as its e-commerce and technology initiatives across the enterprise.
Ryerson, a Platinum Equity company, is a processor and distributor of metals with operations in the United States, Mexico, Canada, China and Brazil. The company serves a variety of industries, including customers making products or equipment for construction, packaging, oil and gas and truck trailers. Founded in 1842, Ryerson is headquartered in the United States and employs approximately 3,700 employees in more than 100 locations.
Founded by Tom Gores in 1995, Platinum Equity is a global investment firm with more than $7 billion in assets under management and a portfolio of operating companies that generated approximately $15 billion in revenue in 2013. Platinum Equity specializes in mergers, acquisitions and operations, a trademarked strategy the firm calls M&A&O(R), acquiring and operating companies in a broad range of business markets, including manufacturing, information technology, telecommunications, transportation and logistics, media, equipment rental, metals, and other industries. Over the past 19 years, Platinum Equity has completed more than 150 acquisitions.