ASHLAND, Ky. — Braidy Industries announced Wednesday that Don Foster has been appointed acting president and CEO of the company.
Foster’s successful career spans more than 40 years and gives Braidy Industries executive level expertise in global metals, infrastructure and construction, and capital projects. He will continue to serve as CEO of BridgeConsulting LLC. Foster previously served as an officer of both United States Steel Corporation, a Fortune 500 company, and the L.B. Foster Company, a NASDAQ listed firm. In addition, he is a board-certified Governance Fellow and a member of the Private Directors Association.
“Braidy Industries is the future of aluminum, and there is no one better to lead the team than an experienced professional like Don Foster,” said Braidy Industries Chairman Charles Price. “Don has more than 40 years in the industry and is a proven, successful metals executive with a history of profitable business development and large project experience.”
Braidy’s leadership team will now accelerate plans to build the world’s most technologically advanced aluminum rolling mill at a time when global capacity is significantly constrained. The new mill in Eastern Kentucky is projected to generate more than 1,000 construction jobs, 550 full-time mill jobs and thousands of indirect jobs in the region.
“The business case for this project is strong, and I’m honored to be a part of it,” said Foster. “Braidy’s state-of-the-art mill is being engineered with proven, world class technology and our team of motivated aluminum experts are going to get it built. It is essential to the North American automotive industry supply chain and vital to the economy of Eastern Kentucky.”
“The Board of Directors have worked very hard and are dedicated to see this project to fruition,” added Chairman Price. “Don Foster is ready to lead our team, including management in Ashland and consultants like BridgeConsulting, forward on the goal at hand—to finalize the fundraising and build the Braidy mill.”