Thank you, Kerrii Anderson, for spending time with us as part of our celebration of Women's History Month. Anderson, who is a member of our board of directors and former chief executive officer and president of Wendy’s International, shared her perspectives on inspired leadership throughout her career and answered several questions from employees in a Companywide session and met separately with a group of female leaders from various parts of the organization.
We are honored to again achieve inclusion in the Columbus CEO magazine listing of Top Workplaces in central Ohio. This marks our 13th consecutive year earning this recognition and one of only a select number of companies that have appeared on this list every year since it was originally published. This award is especially meaningful because it is based on our employees’ feedback on topics such as culture, communication, leadership, values and benefits. Joe Hayek, president and CEO, said, “We are proud of our empowered, people-first culture at Worthington Enterprises and continually strive to ensure our workplace provides a complete experience where employees can innovate, thrive and grow.”
VETS Indexes honored Worthington Enterprises for the second consecutive year as a four-star employer as part of the organization’s annual evaluation of top workplaces for hashtag#veterans. VETS Indexes examined entrants across five categories including recruiting and hiring, development and retention, veteran-inclusive policies and culture, spouse/family support and support for members of the National Guard and Reserves. George Altman, president, VETS Indexes, said, “The efforts of Worthington Enterprises to recruit, retain, develop, and support those who served, as well as their families, stand out from the pack. Worthington Enterprises is among the very best veteran employers, and its program can serve as a model for others.”
One of the many ways we're empowering the workforce of the future to innovate, thrive and grow is through sponsorship of and mentorship for students in the Columbus Rotary Career Path Awards Program. The program's mission is to recognize and provide career mentoring to graduating seniors within Columbus City Schools - Ohio who have demonstrated excellence in taking advantage of the opportunities offered to prepare for skilled careers. Rodney Fields, superintendent of our Columbus manufacturing facility, worked with a student during this year to help prepare her for a career and immediate pursuit of a degree in electrical engineering. Congratulations to all of the award winners!
The Worthington Enterprises, Inc. (NYSE: WOR) Board of Directors announced Joseph Hayek as the Company’s next president and chief executive officer (CEO) effective Nov. 1, 2024. Hayek, who currently is the Company’s executive vice president, chief financial and operations officer, will replace Andy Rose who is retiring. Worthington Enterprises Board of Directors Chairman John Blystone, said, “Joe is a proven leader with a deep understanding of the business, Worthington’s culture and a demonstrated ability to capitalize on the opportunities ahead. We expect a seamless and effective transition as Joe has earned the respect of the Board, our employees and the investment community, and we look forward to continuing to support him and his leadership team as they drive long-term shareholder value.”
Worthington Armstrong Venture (WAVE) continues its expansion into the hashtag#datacenter category with the acquisition of Data Center Resources, LLC (DCR). DCR solutions optimize power usage and increase cooling efficiency within data centers, resulting in lower operating costs and less strain on electrical grid infrastructure. Doug Cadle, president and CEO, WAVE, said, “These innovative aisle containment products, combined with our DynaMax® structural grid and Armstrong ceiling solutions, enable us to design and manufacture integrated solutions that reduce energy usage and lower operating costs with easy-to-install modular products. With WAVE’s innovative construction systems and Armstrong’s go-to-market strength, we anticipate accelerating the growth of these scalable solutions and delivering a unique value proposition for data center architects, engineers, specifiers and managers.” WAVE, which is a joint venture with Armstrong World Industries, operates as part of our Building Products business segment.
We Lead. For more than a century, General Tools, which was purchased by Worthington in 2021, has been a recognized leader in the design and development of specialized precision tools. Ingenuity is the core of what makes these tools, trusted by tradespeople, craftsmen and DIYers. General Tools Moisture Meters (shown above) measure the moisture content of wood or building material, helping users identify moisture early to help prevent water damage.
Our Company is honored to be included in USA TODAY’s most recent listing of America’s Climate Leaders. Worthington is one of 450 companies recognized for their progress in decreasing their carbon dioxide emissions. Sustainability is a core tenant of the Worthington Business System that is a documented method to achieve our Company’s goals and growth strategy. As a result, we continue to make strategic choices to reduce our environmental footprint, innovate more sustainable offerings, improve processes through technology, and expand and deepen commitments within our communities.
Worthington Enterprises announced this morning plans to acquire Hexagon Ragasco, a global market leader in lightweight, customizable LPG composite cylinders used for leisure, household and industrial applications. Hexagon Ragasco manufactures its cylinders in an automated facility in Raufoss, Norway. Worthington Enterprises is also forming a joint venture with Hexagon Composites focused on capitalizing on the global clean energy transition specific to the storage, transport and distribution of hydrogen and compressed natural gas. Hexagon is acquiring 49 percent of the Worthington Enterprises Sustainable Energy Solutions (SES) business segment. The existing management team will hold the remaining two percent.
We Lead. Our Amtrol-Alfa NEXI cylinder series captured two more international design and innovation awards. The prestigious iF DESIGN AWARDS and German Innovation Awards both recognized the innovative, connected and sustainable aspects of the NEXI cylinder, which is the first smart cylinder of its kind and is designed for recyclability. Jimmy Bowes, president, Building Products, said, “This product is a shining example of the innovation taking place throughout our Company. I am thrilled to see our products showcased along the best industrial design products in the world.”
