BNET Industries

Brush Engineered Materials Inc.

(BW) is in the Manufacturing Industry

Market Cap:$382.5M
Last Fiscal Year Sales:$909.7M
  • Public
  • US
Dow Jones Description

Brush Engineered Materials, through its wholly owned subsidiaries, is a leading international producer and supplier of high-performance engineered materials. Brush Wellman Inc. (BWI) is the only fully-integrated producer of beryllium, beryllium-containing alloys, and beryllia ceramic in the world. Engineered Material Systems are produced through Technical Materials, Inc. (TMI), and precious metal and specialty alloy products through Williams Advanced Materials Inc. (WAM). International markets are served through Brush International (BI).

Chief Executive Officer
Richard J. Hipple
Number of Employees 2,235
Contact Information

6070 Parkland Blvd

Mayfield Heights, Ohio 44124

beminc.com

(216) 486-4200

NAICS Code Primary Smelting and Refining of Nonferrous Metal (except Copper and Aluminum): 331419

Recent Events

  • BW: Agreement to Acquire Academy Corporation

    11/17/09 - Merger / Acquisition - View Story

  • Brush Engineered Materials Set Three-Month Low Thursday

    10/30/09 - Financial Announcement - View Story

  • > Brush Engineered Materials acquires Barr Associates

    10/23/09 - Merger / Acquisition - View Story

  • BRIEF-Brush Engineered Materials enters consignment agreement with CIBC

    10/08/09 - Joint Venture / Alliance - View Story

  • Brush Engineered Materials Inc. Reports Second Quarter Results

    7/31/09 - Financial Announcement - View Story

News & Analysis

brush engineered materials inc. - All News and Analysis

Decision Makers

Name (plus bio) Position
Richard J. Hipple Chief Executive Officer
John D. Grampa Senior Vice President Finance and Chief Financial Officer
Daniel A. Skoch Senior Vice President Administration
David C. Deubner Vice President, Occupational Medicine
Gregory R. Chemnitz Vice President, General Counsel
James P. Marrotte Vice President
Marc Kolanz Vice President, Environ Health & Safety
Mark Jasany Vice President, IT
Michael C. Hasychak Treasurer, Secretary & Vice President
Michael D. Anderson Vice President, Beryllium Prods
Charles Brush Emeritus Director
Richard Chesnik Director, HR
Gary W. Schiavoni Assistant Treasurer
N. Mohan Reddy Dean and Albert J. Weatherhead III Prof of Management
Craig S. Shular Director
William P. Madar Director
William R Robertson Director

Board of Directors

Name (plus bio) Position
William B. Lawrence Chairman
Albert C. Bersticker Board of Directors
John Sherwin Jr. Board of Directors
Joseph P. Keithley Board of Directors
Vinod M. Khilnani Board of Directors
William G. Pryor Board of Directors

"Richard J. Hipple, Chairman, President and Chief Executive Officer, Brush Engineered Materials Inc. In May 2006, Mr. Hipple was named Chairman of the Board and Chief Executive Officer of Brush Engineered Materials Inc. He has served as President since May 2005. He was Chief Operating Officer from May 2005 until May 2006. Mr. Hipple was President of Alloy Products from May 2002 until May 2005. He joined the Company in July 2001 as Vice President of Strip Products and served in that position until May 2002. Prior to joining Brush Engineered Materials, Mr. Hipple was President of LTV Steel Company, a business unit of The LTV Corporation, an integrated steel producer and metal fabricator. Mr. Hipple has served on the Board of Directors of Ferro Corporation since June of 2007. Mr. Hipple is 56 years old."

Organization Position Status
Brush Engineered Materials Inc. Chief Executive Officer Current
Brush Engineered Materials Inc. President Current
Brush Engineered Materials Inc. Chairman Current
Ferro Corporation Board of Directors Current
Alloy Products Corp. President Former
Brush Engineered Materials Inc. Chief Operating Officer Former
Alloy Products Corp. Vice President, Strip Products Former
Brush Engineered Materials Inc. Director Former

Organization Position Status
Brush Engineered Materials Inc. Senior Vice President Finance and Chief Financial Officer Current
Brush Wellman Inc. CFO & Vice President, Finance Current
Avery Dennison Corporation Vice President, Finance for the Worldwide Materials Business Current
Brush Engineered Materials Inc. Vice President, Finance Former

Organization Position Status
Brush Wellman Inc. Senior Vice President, Admin Current
Brush Engineered Materials Inc. Senior Vice President Administration Current
Brush Engineered Materials Inc. Corporate Director Â?? Personnel Former

Organization Position Status
Brush Engineered Materials Inc. Vice President, Occupational Medicine Current
Brush Wellman Inc. Vice President, Occupational Medicine Current

Organization Position Status
Brush Engineered Materials Inc. Vice President, General Counsel Current

Organization Position Status
Brush Engineered Materials Inc. Vice President Current
Brush Wellman Inc. Controller Current
Brush Engineered Materials Inc. Controller Current

Organization Position Status
Brush Engineered Materials Inc. Vice President, Environ Health & Safety Current
Brush Engineered Materials Inc. Director, Environ H & S Former

Organization Position Status
Brush Engineered Materials Inc. Vice President, IT Current
Brush Engineered Materials Inc. Director, Info Services Former

Organization Position Status
Brush Engineered Materials Inc. Treasurer, Secretary & Vice President Current
Brush Wellman Inc. Treasurer & Secretary Current
Brush Engineered Materials Inc. Board of Directors Current

Organization Position Status
Brush Wellman Inc. President Current
Brush Engineered Materials Inc. Vice President, Beryllium Prods Current
Brush Wellman Inc. Vice President, Beryllium Prods Former

Charles F. Brush is a graduate of Yale, Class of 1945 and the holder of a Ph.D. in Anthropology from Columbia University. In 1986 he climbed 22,057' Llullaillaco Mountain in South America to investigate the highest known archeological site 100' below the summit. He tested a one-man, untethered submersible to a depth of 1,117'. Between 1982 and 1988 he led five Andean High Altitude Expeditions which collected theretofore unknown species, chemically processed on-site samples of water from the world's highest lake in the crater of Volcano Lincancabur for later isotope analysis, and established the world altitude record (19,300') for SCUBA diving in that lake. Earlier, he directed archeological surveys in Mexico which uncovered evidence of a deliberate alloying of bronze and the earliest carbon 14 dated ceramics there. At various times in his career he was a Curatorial Associate at the Peabody Museum at Yale University, a Research Associate at the University of South Carolina and a Field Associate of the American Museum of Natural History. He was from 1984 to 1990 a member of the Yale University Council and chaired the Council's committee on the Peabody Museum. From 1981 to 1987 he was a member of the Sierra Club Foundation Board of Directors, and Councilor of the American Geographical Society from 1969- 2004. He was President of The Explorers Club from 1978-1981. While Club President, he more than quadrupled public service grants, established the mortgage retirement fund, and substantially increased corporate membership. The proudest accomplishment of his Presidency was the admission of women for the first time to the Club. He is a Life Member of the American Alpine Club, past Director of the Institute of Noetic Sciences and Corporate Director of Deep Ocean Technology. He is currently an Emeritus Director of Brush Engineered Materials, having served on the Board until 2004.

Organization Position Status
Brush Engineered Materials Inc. Emeritus Director Current
Maasai Oral Histories Project Expedition, Project Co-Leader Current
The American Alpine Club, Inc Board of Directors Current
Explorers Club President Former
American Museum of Natural History Field Associate Former
University of South Carolina Research Associate Former
The Sierra Club Foundation Board of Directors Former
Yale University Former

Organization Position Status
Brush Engineered Materials Inc. Director, HR Current

Organization Position Status
Brush Engineered Materials Inc. Assistant Treasurer Current
Brush Engineered Materials Inc. Board of Directors Current

Organization Position Status
Case Western Reserve University Professor, Management Current
Brush Engineered Materials Inc. Dean and Albert J. Weatherhead III Prof of Management Current
Brush Engineered Materials Inc. Director Current

Organization Position Status
Brush Engineered Materials Inc. Chairman Current
Ferro Corporation Board of Directors Current
TRW, Inc. Executive Vice President Former
TRW, Inc. General Counsel Former
TRW, Inc. Secretary Former

"Albert C. Bersticker, Retired Chairman and Chief Executive Officer, Ferro Corporation (Paint, varnishes, lacquers, enamels and allied products). Mr. Bersticker had served as Non-executive Chairman of Oglebay Norton Company (Mining, processing and distributing limestone, lime and industrial sand) from May 2003 until January 2005. Mr. Bersticker was Chairman of Ferro Corporation from February 1996 and retired in 1999. He served as Chief Executive Officer of Ferro Corporation from 1991 until January of 1999 and as President from 1988 until February 1996. He also had served as Secretary, Treasurer and a member of the Board of Directors of St. John’s Medical Center in Jackson, Wyoming until January 2005. Mr. Bersticker is 74 years old and has been a director of Brush Engineered Materials since 1993."

Organization Position Status
Brush Engineered Materials Inc. Board of Directors Current
Ferro Corporation CEO Former
Ferro Corporation Chairman Former
Oglebay Norton Company Non-Executive Chairman Former

Mr. Shular was elected Chairman of the Board in February 2007. In January 2003, Mr. Shular became Chief Executive Officer and a Director in 2003 and has served as President since May 2002. From May 2002 through December 2002, Mr. Shular also served as Chief Operating Officer. From August 2001 to December 2002, Mr. Shular served as Executive Vice President of our former Graphite Power Systems Division. Mr. Shular served as Vice President and Chief Financial Officer from January 1999, with the additional duties of Executive Vice President, Electrode Sales and Marketing, from February 2000. From 1976 through 1998, Mr. Shular held various financial, production and business management positions at GrafTech.

Organization Position Status
GrafTech International Ltd. Chairman, President & CEO Current
Brush Engineered Materials Inc. Director Current
GrafTech International Ltd. Chief Financial Officer Former
GrafTech International Ltd. Executive Vice President of Graftech's Largest Business Graphite Electrodes Former
GrafTech International Ltd. Vice President Former
GrafTech International Ltd. Board of Directors Former

John Sherwin, Jr. , President, Mid-Continent Ventures, Inc. (Venture capital company). Mr. Sherwin has been President of Mid-Continent Ventures, Inc. during the past five years. Mr. Sherwin is a director of John Carroll University, an executive in residence at Lakeland Community College, an advisor to Shorebank Cleveland and a trustee of The Cleveland Clinic Foundation. Mr. Sherwin is 70 years old and has been a director of Brush Engineered Materials since 1981 and the Lead Director since 2005.

Organization Position Status
John Carroll University Director Current
Brush Engineered Materials Inc. Board of Directors Current

Organization Position Status
Keithley International Investment Corp. Chairman, President & CEO Current
NorTech Chairman, President and Chief Executive Officer Current
Keithley Instruments, Inc. Chief Executive Officer Current
Keithley Instruments, Inc. Chairman of The Board Current
Brush Engineered Materials Inc. Board of Directors Current
Greater Cleveland Partnership Board of Directors Current
The Cleveland Museum of Art Board of Directors Current
Nordson Corporation Board of Directors Current
The Cleveland Museum of Art Member Current
Brush Engineered Materials Inc. Chairman, President & CEO Former
The Cleveland Foundation Director Former
University of Michigan MBA Former
University of Michigan Bachelor of Science Former
Cornell University Bachelor of Science degree Former

Mr. Khilnani is Chairman of the Board of Directors, President, and Chief Executive Officer of CTS Corporation. He was appointed Chairman in May 2009. He was elected President and appointed Chief Executive Officer in July 2007. Prior to his service as President and CEO, from May 2001 until July 2007, Mr. Khilnani served as Senior Vice President and Chief Financial Officer of CTS Corporation. Mr. Khilnani received his Masters degree in economics from Delhi University in 1973 and his MBA in Finance from the University of New York in 1977. He holds CPA and CMA certifications. Mr. Khilnani has over 30 years of leadership experience in finance, strategy, mergers and acquisitions, and operating roles based in the USA and Europe, including 18 years at Cummins, Inc. Mr. Khilnani also serves as a Director, member of the Nominating and Governance Committee, and member of the Compensation Committee for Brush Engineered Materials, Inc. In addition to his service as Chairman, Mr. Khilnani is also a member of the CTS Finance and Strategic Initiatives Committee.

Organization Position Status
CTS Corporation Chairman, President & CEO Current
CTS Corporation Chief Financial Officer Current
CTS Corporation Senior Vice President Current
CTS Corporation Board of Directors Current
Brush Engineered Materials Inc. Board of Directors Current
Delhi University Masters Degree In Economics Former
University of New York MBA In Finance Former

"William G. Pryor, Retired President, Van Dorn Demag Corporation, Former President and Chief Executive Officer, Van Dorn Corporation (Plastic injection molding equipment). Mr. Pryor was President of Van Dorn Demag Corporation from 1993 and retired in 2002. He had also served as President and Chief Executive Officer of Van Dorn Corporation, predecessor to Van Dorn Demag Corporation. Mr. Pryor served on the Board of Directors of Oglebay Norton Company from 1997 until January 2005. Mr. Pryor is 69 years old and has been a director of Brush Engineered Materials since 2003."

Organization Position Status
Brush Engineered Materials Inc. Board of Directors Current
Vandorn CEO Former
Vandorn President Former
Van Dorn Demag Corporation President Former

Organization Position Status
Cpref, Inc. Current
The Cleveland Museum of Art Board of Directors Current
The Lubrizol Corporation Board of Directors Current
Brush Engineered Materials Inc. Director Current
Nordson Corporation Chief Executive Officer Former
Nordson Corporation president Former
National City Bank Former
Nordson Corporation Vice Chairman Former
Stanford University M.B.A. Former
Purdue University B.S. in Chemical Engineering Former

Organization Position Status
The Cleveland Museum of Art Vice President Current
Brush Engineered Materials Inc. Director Current
Hartland & Co Director Current
The Cleveland Museum of Art Director Current
National City Corporation President Former
Kirtland Capital Partners Consulting Partner Former
National City Corporation Deputy Chairman Former
National City Corporation Director Former
Colgate University Former

Executive News

  • CTS Awarded Production Program for Smart Actuators

    Reuters - 9/03/09 - View Story

  • GrafTech Announces Call for Redemption All Remaining Senior Notes

    Business Wire - 8/31/09 - View Story

  • Keithley Instruments Announces Reduction in Global Workforce to Improve Financial Performance

    Business Wire - 8/25/09 - View Story

  • CTS Corporation and ZF TVS (India) Sign Marketing Agreement

    Reuters - 8/19/09 - View Story

  • CTS Corporation and ZF TVS (India) Sign Marketing Agreement

    Business Wire - 8/19/09 - View Story

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     BW $18.88 +0.63 (3.45% )
Average Volume 179,629
Shares Outstanding 20.23M
Market Cap 381.9M
Year High 27.06
Year Low 10.5
Earnings Per Share -0.59
P/E Ratio -32.00
Dividend N/A
Yield N/A
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