Bob Hogan Steps Down as President and CEO of AmerCable
Robert F. (Bob) Hogan, Jr. has stepped down from his position as President and CEO of AmerCable and bid farewell to the company he has been associated with for 28 years.
Mr. Hogan was part of the Associated Materials Incorporated (AMI) team that acquired AmerCable from the United States Steel Corporation on February 29, 1984. Mr. Hogan was named President and CEO of AmerCable in 1993, and in June 2002 executed a management led buyout of the company from AMI. Under Mr. Hogan's leadership, AmerCable grew from a small U.S. manufacturing company with an enterprise value of $27.5 million into a global leader in the mining, oil and gas, industrial and renewable energy markets with 2011 revenues exceeding $270 million.
On February 29, 2012, AmerCable was acquired by Nexans, the world's second largest cable cable.
"Our goal in growing the company was to create a secure financial future for our employees and their families," says Mr. Hogan. "The innovative thinking and dedication of our team made us a coveted acquisition target. Nexans has purchased a great company and the future for AmerCable is extremely bright," he concluded.
The AmerCable family wishes Bob, the man who taught us to "Be The Best," all the best as he seeks out new business and personal adventures.