MISSISSAUGA, ON, June 6, 2013 /CNW/ - Samuel Son & Co., Limited, (Samuel), announced today a major up-coming
transition at the top of its executive ranks. After almost forty years
with the Samuel Organization, Mr. Wayne K. Bassett will be retiring
from his role as CEO later this summer. Mr. Bassett will be assisting
in the transition to his successor and will remain available to support
the organization as requested after his departure.
A protégé of the late Ernest Samuel, Mr. Bassett, 66, has been CEO of
Samuel since 2000. Before that he served in various financial and
strategic roles and was President of the company from 1995 to present.
Mr. Bassett has been a leader within the Service Center industry
throughout his career, serving on the CSSCI and then MSCI Boards for
over 30 years and serving on the Executive Committee for over 15 years.
In 2007, Mr. Bassett was named Steel Executive of the Year by Metal
During Mr. Bassett's tenure with Samuel, the organization has grown from
5 locations to over 108 and its sales have grown from $60 Million to
over $3.5 Billion. "Wayne's achievements and legacy are massive. We owe
him a huge debt of gratitude for his vision, leadership and performance
throughout the years." stated Chairman Samuel. "Wayne has helped to
professionalize our organization and has created a high performance
culture. The excellent executive team that he has developed has allowed
us to perform consistently well and has fostered an environment of
respect within the industry. The relationships and depth of talent that
Wayne has cultivated will serve us well into the next stage of our
growth. While we regret that Wayne's era is drawing to a close we wish
to express our sincere appreciation for all that he has done for the
Succeeding Mr. Bassett as CEO will be Mr. William "Bill" Chisholm. Mr.
Chisholm, born and educated in Ontario, has spent his entire career to
date with Dofasco and then ArcelorMittal, gaining industry experience
around the world. From 1980 to 2001 Mr. Chisholm served in a number of
increasingly senior operations roles at Dofasco which culminated in his
appointment as President, Tubular Products Division through 2007.
Promoted to the position of Chief Operating Officer, ArcelorMittal
Tubular Products in 2007, Mr. Chisholm integrated the North American
operations of Dofasco with the assets of Mittal Steel creating a global
business. He was responsible for three business units operating 26
plants in 13 countries and four continents and employing over 10,000
employees. Most recently, Mr. Chisholm served as Chief Executive
Officer, ArcelorMittal Mexico from 2009 to present. He was responsible
for a very substantial mining and metals business, including the
largest integrated steel mill in Mexico producing four million tons of
products for the global market.
"We were thrilled by the calibre of candidates that came forward during
our succession search." explained Chairman Samuel. "The Succession
Committee and the Board did an excellent job on behalf of the company.
In the end, Bill's demonstrated track record of success and
international exposure, coupled with his passionate focus on process
improvement and management training and development set him apart
however. I am confident that Bill's engaging style and his stated
desire to preserve and build upon the Samuel legacy will dovetail well
with our organization."
Samuel, Son & Co., Limited is a 5th generation family owned business founded in 1855 and is the 4th largest metal processor and distributor in North America. Samuel is
also a major industrial manufacturer of metal and related products.
Samuel offers a full range of value added processing services and a
complete range of carbon, stainless and aluminum products in all shapes
and forms. Samuel employs in excess of 5,000 people at over 108
Service Centers and Manufacturing plants in Canada, the United States,
Mexico, the UK, and China. www.samuel.com
SOURCE: Samuel Son & Co., Limited
For further information:
Mark C. Samuel
Samuel, Son & Co., Limited
2360 Dixie Road
Tel: (905) 279-5460