Constar International Inc. (NasdaqCM: CNST) today announced the appointment of Grant H. Beard as its new President and Chief Executive Officer, and as a Director. He is succeeding Ruth J. Mack who has been serving as the Company’s interim President and Chief Executive Officer since April 2010. Following a transition period, Ms. Mack will return as an outside Director of Constar’s Board of Directors, on which she has served since May 2009.
Mr. Beard comes to Constar from Anderson Group, the private equity firm out of Bloomfield Hills, MI where he was a Partner. Prior to that he was the President, CEO and Director of publicly-traded TriMas Corporation. Before that he was Chairman, President and CEO of Health Media Incorporated, now part of Johnson & Johnson. Previously, Mr. Beard served as President of Dana Holding Corporation’s Fluid Routings Division and Executive Vice President of Sales, Marketing and Corporate Development for Preferred Technical Group. Earlier in his career, he was a partner and principal of Anderson Group, an Executive Vice President/Manufacturing Partner at Oxford Group, the private merchant bank, and in the management development program at Chrysler Corporation.
L. White Matthews, III, Chairman of Constar’s Board of Directors, commented, “We are excited to welcome Grant. He has a proven track record as a successful executive leader. His broad expertise in customer service, operations and finance, as well as his entrepreneurial style, make him an ideal fit for Constar.”
“On behalf of the Board, I would like to thank Ruth Mack for stepping in and providing proactive leadership as interim CEO,” continued Mr. Matthews. “Ruth has been instrumental in guiding the Company during this interim period and I’m gratified that we will continue to benefit from her insight and experience as a member of our Board.”
Mr. Beard has a Bachelor’s of Science and M.B.A. in Finance from Miami University and an M.A. in International Economics from the University of Detroit.
| Constar International Inc. J. Mark Borseth Executive Vice President, Chief Financial Officer +1 215-552-3772 |
