This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
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
TheStreet Open House

Westway Group, Inc. Announces Retirement And New Appointments

NEW ORLEANS, June 28, 2010 (GLOBE NEWSWIRE) -- Westway Group, Inc. (Nasdaq:WWAY) announced today the retirement of Peter Harding from his position as Chief Executive Officer and as a member of the Board of Directors of the Company. Mr. Harding held these positions since May of 2009. 

The Board of Directors has appointed James B. Jenkins interim Chief Executive Officer of the Company.  Wayne Driggers, most recently holding the position of Chief Operating Officer, has been named President of the Company and appointed to the Board of Directors to serve for the remainder of Mr. Harding's term. Mr. Driggers and Thomas Masilla, Chief Financial Officer of the Company, will report to Mr. Jenkins in their respective roles.

Mr. Harding stated that "a year and half ago, I developed a set of goals for myself and the Company, including completion of the business combination of the liquid storage and liquid feed companies with Shermen; the establishment of a highly qualified management team; listing of our corporate securities on a major exchange; access of Westway to the credit markets; and the launching of a strategy for growth focused on a major acquisition in the Cincinnati marketplace and several important capital development projects to expand our capacity, footprint and the Westway brand on a global basis. In a relatively short time, we have made great strides in the accomplishment of these goals. With this in mind, I have decided that it is appropriate for me to retire from Westway knowing that my legacy is in good hands. I look forward to more personal time with my family."

Francis P. Jenkins, Jr., Chairman of Westway Group, Inc. commented that "the Board expresses its sincere appreciation for the achievements of Westway under Peter's leadership. As the result of his efforts and that of his very capable staff, the Company is on a solid path with good momentum for the future. We thank Peter for his years of service with both Westway and ED & F Man and wish him well in his future endeavors."

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link 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

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, 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
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,678.70 +6.10 0.03%
S&P 500 2,057.09 +5.27 0.26%
NASDAQ 4,771.7630 +13.8840 0.29%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs