I. Michael Coslov, chairman and CEO of Tube City IMS LLC, is retiring after more than 48 years with the company. Tube City IMS is a global provider of products and services to steel mills and foundries, including scrap and scrap management services.
Coslov, 67, will remain as CEO while the company’s board of directors conducts a search for a replacement, according to a Tube City IMS news release. He will remain on the board of directors as Non-Executive Chairman after his replacement takes office.
“I will miss my day-to-day involvement with Tube City IMS a great deal, but what I’ll miss the most are the relationships with all of our customers and our teammates,” says Coslov. “It’s been a great ride for the past 48 years, but it’s time to move on to a new chapter in my life. I look forward to a greater emphasis on family and community while remaining involved with Tube City IMS through the board.”
Coslov began his career with the company in 1965 and helped guide the organization from a $60 million per year scrap processor to a $3 billion provider of a wide range of outsourced steel services.
Coslov has held various leadership positions with the Institute of Scrap Recycling Industries Inc. (ISRI), including two terms as an elected board member as well as chairman of the Domestic Trade and the Convention Committees.
He has been honored as Businessman of the Year by the Crohn’s and Colitis Foundation and in 2006 was named Entrepreneur of the Year in the Industrial Products and Services category by Ernst & Young’s Upstate New York/Western Pennsylvania division.