NEW YORK, August 24, 2016-Minerals Technologies Inc., (NYSE: MTX) announced today that it has named Thomas Stam Vice President, MTI & Managing Director of the Construction Technologies business segment. Mr. Stam, whose most recent position was Senior Vice President of Building Materials and Environment Products, within the Construction Technologies segment, will succeed Patrick Carpenter, who is leaving the company to pursue other interests.
Mr. Stam will report to Joseph C. Muscari, Chairman and Chief Executive of Minerals Technologies. Construction Technologies, which operates as CETCO®, is an industry-leading provider for commercial, industrial and infrastructure construction projects worldwide, and consists of Building Materials & Other Products and Environmental Products. The Environmental Products Group is the world-leading supplier of Geosynthetic Clay Liners for industrial, hazardous and municipal solid-waste landfills, mining sites, and for containment of challenging residues such as coal ash from coal-fired electrical generation and red mud from alumina processing. The business segment had annual revenues of $180.1 million in 2015.
"Tom Stam has extensive experience in the construction industry, including intimate knowledge of the worldwide markets in which the business segment operates," said Mr. Muscari. "We are very pleased that he will be taking on this new role in which he will drive growth, especially by taking advantage of the environmental opportunities in China."
Mr. Stam joined the company in 1989 as a regional sales manager. He left what was then American Colloid Company in 1995, but returned as Director, Business Development, in 2002, after serving seven years in project management for a subsidiary of Waste Management. In 2005, he was promoted to Group Manager, North America, Building Materials, Construction Technologies. He became Vice President, Building Materials, Construction Technologies, in 2011, and he assumed the position of Senior Vice President, Building Materials and Environmental Products for the business unit in February 2016.
Mr. Stam holds a Bachelor of Science degree in Geology from Eastern Illinois University.
New York-based Minerals Technologies Inc. is a resource- and technology-based growth company that develops, produces and markets worldwide a broad range of specialty mineral, mineral-based and synthetic mineral products and related systems and services. MTI serves the paper, foundry, steel, environmental, energy, polymer and consumer products industries. The company reported sales of $1.798 billion in 2015.
For further information about Minerals Technologies Inc. look on the internet at http://www.mineralstech.com/
Rick B. Honey
Paul J. Donnelly