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

MRC Global Announces Executive Management Changes And Promotions

HOUSTON, Aug. 21, 2012 /PRNewswire/ -- MRC Global Inc. (NYSE: MRC), the largest global distributor, based on sales, of pipe, valves and fittings (PVF) and related products and services to the energy and industrial sectors, today announced that it is combining its Business Development and Supply Chain management into one group.  Alan Colonna has been promoted to Executive Vice President to lead the combined group, which will focus on excellence in buying and selling MRC products.  Mr. Colonna will report to Andrew Lane, MRC's Chairman, President and CEO. 

Alan Colonna, who joined MRC Global in 1984, has served as Senior Regional Vice President – Gulf Coast since January 2009.  Prior to that, he was the Senior Regional Vice President – Western region from 2007 to 2009 and the Regional Vice President – Western region from 2000 to 2007.  He received a B.A. in Liberal Arts from Cal Poly San Luis Obisop, California.

The Company also named Rory Isaac and Gary Ittner Executive Vice Presidents of Corporate Strategy and Mergers & Acquisitions, and both will lead the Company's corporate strategy and merger and acquisition efforts.  All of the executive changes become effective September 1, 2012.

Andrew Lane, stated, "As we continue to grow and expand both in North America and internationally, it is important that our executive management team remains aligned with our evolving business model, and these management changes help accomplish that goal.  MRC plays a critical role in the complex, technical global energy supply chain, and we must continue to develop our long-term partnerships with our key customers and suppliers.  We are extremely pleased to have the benefit of Alan's leadership and expertise as we continue to focus on our customers and strengthen our business development and supply chain procedures.

"Additionally, Rory and Gary will utilize their combined 75 years of MRC Global experience to lead our long-term strategic development and acquisition efforts, as well as to build upon our current customer and supplier relationships and recent global contracts to position us for future global PVF agreements," concluded Mr. Lane.

1 of 2

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


Chart of I:DJI
DOW 17,813.39 +1.20 0.01%
S&P 500 2,088.87 -0.27 -0.01%
NASDAQ 5,116.1430 +13.3350 0.26%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs