Printer Friendly

CYPRUS MINERALS ELECTS TODD AND TURNER TO BOARD OF DIRECTORS

 CYPRUS MINERALS ELECTS TODD AND TURNER TO BOARD OF DIRECTORS
 DENVER, Oct. 29 /PRNewswire/ -- Cyprus Minerals Co. (NYSE: CYM) today announced election of two new directors, both of whom are active chief executive officers heading highly successful companies: James A. Todd, Jr., and Billie B. Turner. Todd, 64, is chairman and chief executive officer of Birmingham Steel Corp. (NYSE: BIR) of Birmingham, Ala. Turner, 61, is chairman, president, and chief executive officer of IMC Fertilizer Group Inc. (NYSE: IFL), of Northbrook, Ill. The elections of Todd and Turner at a regular board meeting held in Lexington, Ky. on Oct. 22, bring the number of Cyprus directors to 12.
 Milton H. Ward, chairman, president, and chief executive officer of Cyprus Minerals, said, "Both of these hands-on CEOs bring to Cyprus valuable expertise in mining, mining products, and marketing. Mr. Turner is a performance-oriented operator with extensive experience in creative mineral marketing, while Mr. Todd, one of the industry's most entrepreneurial-oriented executives, brings a lengthy background of mining, marketing, and manufacturing to Cyprus. We are fortunate to be able to include on our board two new directors of such stature and experience."
 A 1951 mining engineering graduate of West Virginia University, Todd became president and chief executive officer of Birmingham Steel when it was formed in 1984 to acquire Birmingham Bolt Co. and other steel producing operations. He was elected chairman and chief executive officer in 1991. Birmingham Steel is a publicly held company which operates four steel mini-mills producing steel and steel products -- primarily reinforcing bar -- and is the largest United States manufacturer of steel roof support systems used in underground coal mining.
 Todd joined E.I. Dupont De Nemours & Co. in 1951, serving 25 years in various sales, marketing, and manufacturing posts and was involved in new business ventures, including Dupont's mining interests. From 1975 to 1977, he was vice president - marketing with Atlas Powder Co. He became president of United Affiliates Corp. when it was formed in 1977 as a wholly-owned subsidiary of United Coal Co. and also served as president of several subsidiaries involved in the mining and marketing of coal. He was named chairman and chief executive officer of Birmingham Bolt when it was acquired by United Affiliates, a subsidiary of United Coal, serving in those capacities until it was acquired by Birmingham Steel in 1984.
 Turner heads IMC Fertilizer Group, the former wholly-owned subsidiary of International Minerals & Chemical Corp. that was created in 1988. IMC is the world's largest private-enterprise producer of phosphate and potash, two basic ingredients of fertilizers. IMC produces and markets phosphate, potash, and nitrogen, phosphate chemicals, and mixed fertilizers for retail farm markets in addition to recovering uranium oxide from phosphoric acid, which is sold to electric utilities for upgrading as nuclear power plant fuel.
 Turner joined IMC in 1954 after graduating from Texas A & M University and serving in the military. He held a number of increasingly responsible positions in IMC's agricultural business, was named director of sales for its Rainbow Division in 1968 and in 1969 was appointed general manager of the division, which is a retail and wholesale fertilizer profit center in IMC. In 1972 he was named vice president of the division, a position he held until 1976, when he was placed in charge of IMC's Florida operations. He returned to the corporate headquarters in 1978 to take over expanded duties in operations. Turner was elected a corporate vice president in 1976 and, from 1978 until promotion to president of IMC's fertilizer group in 1983, served as executive vice president operations.
 Both new Cyprus directors also serve as directors of the American Mining Congress and are active in a number of industry and civic organizations. In May of 1991, Turner was elected to a two-year term as president of the International Fertilizer Industry Association during the annual meeting in London. Todd was named 1990 Silver Winner of Financial World magazine's "CEO of the Year" competition.
 Cyprus Minerals, based in Englewood, Colo., is a major producer of copper, coal, molybdenum, and lithium. The company also produces gold, iron ore and zinc.
 -0- 10/29/92
 /CONTACT: Michael Rounds of Cyprus Minerals, 303-643-5186/
 (CYM BIR IFL) CO: Cyprus Minerals Co.; Birmingham Steel Corp.; IMC Fertilizer Group
 Inc. ST: Colorado IN: MNG SU: PER


MC -- DV005 -- 6708 10/29/92 15:18 EST
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Oct 29, 1992
Words:722
Previous Article:LUCKY STORES OPENS TWO WAREHOUSE FORMAT STORES; CONSUMERS MAXIMIZE SAVINGS AND SERVICE AT 'MAX PAK' STORES
Next Article:PROPOSED $4.8 MILLION ROCKSIDE AMBULATORY SURGERY CENTER CRITICIZED BY BLUE CROSS & BLUE SHIELD OF OHIO AS DUPLICATIVE
Topics:


Related Articles
CYPRUS MINERALS ELECTS WILLIAM C. BOUSQUETTE TO BOARD OF DIRECTORS
CYPRUS MINERALS ELECTS WILLIAM C. BOUSQUETTE TO BOARD OF DIRECTORS
CYPRUS MINERALS NAMES M. H. WARD CHAIRMAN, PRESIDENT, AND CEO
CYPRUS MINERALS DECLARES REGULAR QUARTERLY DIVIDENDS
CYPRUS MINERALS ELECTS ROCKWELL SCHNABEL TO BOARD OF DIRECTORS
CYPRUS AMAX MINERALS NAMES DAVID H. WATKINS AS EXPLORATION CHIEF
CYPRUS AMAX NAMES F.J. KANE AS V.P. INVESTOR RELATIONS, TREASURER
EDWARD C. DOWLING JR. JOINS CYPRUS CLIMAX METALS CO.
CYPRUS AMAX MINERALS NAMES J.G. VON LOEBENSTEIN AS VICE PRESIDENT AND GENERAL MANAGER OF CYPRUS EL ABRA CORP.
Cyprus Amax Minerals Appoints Top Chilean Executive

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters