- Push-out Score determined
- After about four and a half years in the position
- Praise, thanks and good wishes for Rintoul
- Search for a successor
(exechange) — Brooklyn Heights, Ohio, February 28, 2022 — David Rintoul, chief executive of GrafTech, leaves. As announced by GrafTech International Ltd. in a news release and in a regulatory filing published on Monday, February 28, 2022, David J. Rintoul leaves his post as chief executive officer at the manufacturer of graphite electrode products, after about four and a half years in the role, effective as of the end of June 2022, or such later time as a successor has been appointed to ensure a smooth transition.
GrafTech will undertake a search for a successor.
No reason given
In the announcement, GrafTech did not explicitly explain the reason for the move.
Precise information regarding David Rintoul’s future plans was not immediately available.
“Retire”
GrafTech said: “David J. Rintoul has informed the Company of his intent to retire as Chief Executive Officer and President and as a member of the Board of Directors of the Company (the “Board”), effective as of the end of June 2022, or such later time as a successor has been appointed to ensure a smooth transition.”
GrafTech further said: “On February 22, 2022, David J. Rintoul, Chief Executive Officer and President and Director of GrafTech International Ltd. (the “Company”), informed the Company of his intention to retire effective as of the end of June 2022, or such later time as a successor has been appointed to ensure a smooth transition.”
Share price decline since February 2019
The announcement follows a decline in GrafTech International Ltd.’s share price of 25% since February 2019.
In the position of CEO since 2018
David Rintoul became CEO of the Company in 2018.
Upon Rintoul’s retirement, he will also resign from the Company’s Board of Directors.
Rintoul became President and CEO and was elected to the Board in March 2018.
Prior to joining the Company, Rintoul served as President of U.S. Steel Tubular Products and as a Senior Vice President of United States Steel Corporation (“U.S. Steel”).
Before that, Rintoul has served in various roles at U.S. Steel since 2007, including oversight of U.S. Steel’s Slovak and Serbian operations. Rintoul’s career in the steel industry spans 38 years with positions at both integrated and mini mill producers in the United States, Europe and Canada, including extensive mini mill operational experience at North Star Bluescope Steel in Delta, Ohio from 2001 to 2005 and from construction through full operations at Acme Steel Company in Riverdale, Illinois from 1995 to 2001.
Rintoul holds an Associate’s degree in Mechanical Engineering Technology from Sault College of Applied Arts and Technology, a Bachelor’s degree in Business Administration from Lake Superior State University and a Master’s degree in Business Administration from the University of Notre Dame.
Push-out Score determined
The Push-out Score™ determined by exechange gauges the pressure surrounding David Rintoul’s move on a scale of 0 to 10.
exechange reached out to GrafTech and offered the company the opportunity to comment on the score.
Read the full story in the exechange report 10.2022 ($).