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Brad Kitterman Resigning From U.S. Pipe, Subsidiary of Walter Industries
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01/16/2005
BIRMINGHAM, Ala., -- United States Pipe and Foundry Company, Inc. announced today that Brad Kitterman, its President,is resigning effective May 10 for personal reasons. Kitterman has accepted a position with a company in the IT service industry.
To ensure a smooth transition while the Company goes through the selection process for Kitterman's permanent replacement, Charles E. Cauthen has been named acting President of U.S. Pipe. Cauthen is the Senior Vice President and Controller for Walter Industries (NYSE: WLT), parent company of U.S. Pipe. Kitterman joined U.S. Pipe after a 13-year career at North American Utilities Division for Schlumberger Ltd, where he was President. Cauthen, who joined Walter Industries in November 2000, has held a variety of senior financial positions during his career, including positions with Bank of America, prior to joining Walter Industries.
U.S. Pipe, based in Birmingham, Alabama, is one of the nation's largest producers of ductile iron pipe. U.S. Pipe's parent company, Walter Industries, Inc. is a diversified company with revenues of approximately $1.3 billion. The company is a leader in homebuilding, home financing, water transmission products and natural resources. Based in Tampa, Florida, the company employs approximately 5,300 people. For more information about Walter Industries, please call Joe Troy, Senior Vice President - Financial Services, at (813) 871-4404.
