Phoenix, Arizona – January 15, 2021 – Liberty Iron & Metal, Inc. (“Liberty”) today announces that after a comprehensive review of its strategy, it has decided to focus all its resources and energy towards its Southwest operations in Phoenix, Arizona. As a result of this strategic change, the company has initiated the divestment and winddown of its northeastern operations.
Along with the change, Liberty and CEO Mike Diamond have agreed to part on amicable terms. “It was an honor to manage the group through that time of transformation. While the strategic redirection is the right choice for Liberty, it is time to hand over the helm to a new management team that is permanently located in Arizona”, says Liberty CEO Mike Diamond. “We are lucky and grateful for the work Mike performed for the company over the last years, which shaped Liberty lastingly,” added Liberty CFO Alexander Esser, who is currently based in Phoenix and will become the acting CEO in the interim. Another crucial change to the leadership team is that Worth Howard rejoined the company as Chief Operating Officer effective January 13, 2020. “I am looking forward to focusing my whole attention on the expansion and market cultivation in Phoenix,” says Liberty’s COO Worth Howard.
Liberty’s sole focus on its Southwest operations will further strengthen its abilities to assist its customers through a broad range of services. The company expects to conclude its internal reorganization efforts by the end of the second quarter of 2021, after which it aims to grow aggressively in the metropolitan Phoenix area.