WEBCO NAMES DANA S. WEBER PRESIDENT AND HARRY G. DANDELLES CHIEF FINANCIAL OFFICER.TULSA, Okla.--(BUSINESS WIRE)--June 29, 1995--Webco Industries, Inc. (AMEX AMEX See: American Stock Exchange :WEB) today announced that Dana S. Weber, Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. , has been named to the additional post of President of the Company. Ms. Weber, 37, assumes the title from F. William Weber, 69, who will continue to serve as Chairman and Chief Executive Officer. The Company also announced that Harry G. Dandelles, 49, has been appointed Chief Financial Officer, a post Ms. Weber has served on an interim basis since August, 1994. Prior to joining Webco Industries, Mr. Dandelles was Director of Corporate Development with LDDS See WorldCom. WorldCom, the nation's fourth largest telecommunications company. Previously he spent over 10 years with The Williams Companies, Inc. and its Williams Telecommunications Group (WilTel) subsidiary, serving in various positions including Vice President of Finance, Director of Financial Services and Director of Corporate Planning. Mr. Dandelles also served as Vice President of Finance and Chief Financial Officer of Norlight, A Wisconsin General Partnership, providing regional long distance telecommunications service. His background also includes eleven years with Price Waterhouse & Co., where he served as a Senior Audit Manager. Mr. Dandelles received his Bachelor of Science Noun 1. Bachelor of Science - a bachelor's degree in science BS, SB bachelor's degree, baccalaureate - an academic degree conferred on someone who has successfully completed undergraduate studies degree in accounting from Eastern Illinois University Eastern Illinois University is a state university located in Charleston, Illinois. Institution Eastern Illinois University has approximately 10,000 undergraduates, 1,700 graduate students, and 2,000 faculty and staff. Admission is selective. in Charleston, Illinois. He is also a certified public accountant Certified Public Accountant (CPA) An accountant who has met certain standards, including experience, age, and licensing, and passed exams in a particular state. . F. William Weber, Chairman and Chief Executive Officer of Webco Industries, commented: "Dana Weber's contributions to the growth of our company have been invaluable. As our new president, I have every confidence in her continuing ability to be a leading force in Webco's progress. I am also very pleased with the appointment of Harry Dandelles as Chief Financial Officer. His wealth of experience and financial and management talents will strengthen our management team and provide further support for our company's growth objectives." Webco is a specialty manufacturer of high-quality carbon steel tubing and stainless steel stainless steel: see steel. stainless steel Any of a family of alloy steels usually containing 10–30% chromium. The presence of chromium, together with low carbon content, gives remarkable resistance to corrosion and heat. tubing and pipe designed to industry and customer specifications. Webco's principal tubing products consist primarily of: welded and cold drawn carbon steel tubing for the heat exchanger, boiler, and mechanical markets; and welded stainless steel tubing for the high efficiency furnace, instrumentation and small diameter pipe markets. The Company's products are delivered from its three production facilities in Oklahoma and Pennsylvania and from two distribution facilities in Oklahoma and Texas to more than 700 customers located primarily in the United States, Canada and Mexico. CONTACT: Webco Industries Inc. Dana Weber President & Chief Operating Officer (918) 241-1040 or Morgen-Walke Associates Investor Relations Investor relations The process by which the corporation communicates with its investors. : June Filingeri/Cara Thompson Press Contact: Stan Froelich (212) 850-5600 |
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