Ivaco Names Goldsmith

Jason Sandefur

Ivaco Inc. promoted David Goldsmith to CEO, replacing Gordon Silverman, American Metal Market reported. Silverman, who has been with the company for 34 years, plans to retire by the end of 2006. Silverman has agreed to stay on as executive vice president for special projects to aid the transition.
Goldsmith has been with the company for 31 years. Most recently he served as senior vice president and general manager of Ivaco Rolling Mills and Sivaco Wire Group.
Ivaco is owned by Chicago-based Heico Cos., which purchased the company in bankruptcy proceedings for $284 million in 2004. \ �2006 FastenerNews.com