FOR GENERAL RELEASE
April 3, 2020
Asbury Carbons CEO Steps Down
Stephen Riddle steps down after more than 40 years of Service at Asbury Carbons
ASBURY, NJ - April 3, 2020 - Asbury Carbons, Inc. announced today that Stephen Riddle has stepped down as CEO effective February 25th, 2020. Riddle, a fourth-generation manager at Asbury, served as Chief Executive Officer since January 2011.
"Stephen was a fixture at Asbury Carbons, building industry relationships and serving in many roles. We thank him for his four decades of dedicated service." said Stan Tilton, Chairman of Asbury Carbons Board of Directors. "While we will miss Stephen's day-to-day influence, he remains a Director and significant Shareholder. The Board of Directors is confident that Asbury has a strong leadership group supporting a capable and dedicated global team engaged in the execution of our strategic plan."
Stephen Riddle represented the fourth generation of the Riddle family, who founded Asbury
Carbons as Asbury Graphite Mills in 1895, to work at the corporation. Today the company uses its long history of success to springboard into other ventures that capitalize on Asbury Carbons’ ability to grow and innovate in the graphite industry and beyond.
The Asbury Carbons, Inc. Board of Directors has no plans to immediately fill the, now vacant, CEO position, and instead, those responsibilities will fall to the current President, Noah Nichelson in coordination with the Asbury leadership team.
About Asbury Carbons, Inc.
Asbury Carbons is a strong and growing family of companies and a major supplier of natural and synthetic graphite, cokes, coals, and all carbon products, as well as a variety of raw materials used around the world. It continues to earn its position as the world’s largest independent processor and merchant of graphite for more than a century and remains committed to the thoughtful expansion of product lines to ensure that high-quality raw materials are seamlessly delivered to the world’s cast metals and industrial markets, ensuring customer needs will always be met. For more information log on to asbury.com