This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Sifco Appoints Lipscomb Interim CEO

CLEVELAND (AP) ¿ Metalworking products and services company Sifco Industries Inc. said Thursday it appointed Michael S. Lipscomb as interim chief executive, effective Aug. 31.

Lipscomb, 63, will succeed Jeffrey P. Gotschall, who is retiring from the position.

A former Sifco director, Lipscomb previously served as chairman and CEO of Argo-TechCorporation, an aerospace industry supplier. He owns a small aerospace business in Cleveland and a liquid natural gas pump manufacturing firm in California.

In a statement, Lipscomb said he expects to serve in the interim position for one to two years.

"My top priority in the coming months will be to work with the board and Sifco's talented management team to determine the best long-term strategy for its three businesses," he said. "As we crystallize the strategy for a very strong future, we will also identify the leadership qualities that will be requisite in the next CEO who will drive that strategy forward."

Gotschall, 61, will remain employed by Sifco and will serve as non-executive chairman of the board. The company said he will be available to support the company's management team and head its foundation.

Shares of Sifco rose 11 cents to $10.97 in afternoon trading.
Copyright 2009 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
SIF $11.30 2.80%
AAPL $110.60 0.20%
FB $93.89 2.00%
GOOG $638.03 1.80%
TSLA $248.57 0.40%


Chart of I:DJI
DOW 16,724.65 +252.28 1.53%
S&P 500 1,982.01 +30.65 1.57%
NASDAQ 4,767.0940 +59.3190 1.26%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs