Tube Maker Loses President

James Cowan, the president and COO of Maverick Tube, has resigned.
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James Cowan, the president and chief operating officer of

Maverick Tube

(MVK)

, has resigned from his position.

Maverick, a maker of tubular products used in the energy industry and industrial applications, said C. Robert Bunch, the company's chief executive, will assume the title of president.

The St. Louis-based company doesn't have any plans to fill the position of chief operating officer.

Cowan, 47, was with the company for nearly two-and-a-half years. Shares of Maverick were down 20 cents to $31.60 Tuesday.