Ferro Corp. (FOE) has appointed a new chief financial officer,
succeeding Sallie B. Bailey, who will leave the company Friday
after three-and-a-half years on the job.
Thomas R. Miklich takes over for Bailey at the coatings,
pigments and plastics producer this coming Wednesday. He has more
than 30 years of experience and has served as CFO for public and
private companies. His career includes stints at Titan Technology
Partners, OM Group Inc. (OMG), Invacare Corp. (IVC), Van Dorn Co.
and Sherwin-Williams Co. (SHW).
"Tom brings a strong combination of financial and capital
markets expertise, merger and acquisition experience, and
familiarity with the specialty chemicals and technologies
industries," said President and Chief Executive James Kirsch.
Bailey came to Ferro in January 2007 after serving as controller
with Timken Co. (TKR). A reason for her departure wasn't provided
in a statement announcing the move, and a spokesman wasn't
immediately available to comment.
Ferro has seen improved results lately, reporting in April a
narrowed first-quarter loss and climbing revenue. Moody's Investors
Service in May boosted its outlook on Ferro to positive, citing
improved performance.
Shares closed Wednesday at $7.37 and were inactive premarket.
The stock has more than doubled the past 52 weeks.
-By Nathan Becker, Dow Jones Newswires; 212-416-2855; nathan.becker@dowjones.com