Business Wire

Esmark, Inc. Founder James P. Bouchard Announces Retirement after 40 Years in the Steel Industry


James P. Bouchard, founder, chairman and chief executive officer (CEO) of Esmark, Inc., today announced his retirement from his role as CEO, effective November 23, 2023, his favorite family holiday. He will remain chairman of the Esmark, Inc. Board of Directors, private owner of the enterprise, and will continue to oversee all charitable contributions.

This press release features multimedia. View the full release here:

To view this piece of content from, please give your consent at the top of this page.

James P. Bouchard outside his Michigan home in August 2023 (photo source: Wall Street Journal).

The company is actively conducting an international search for Bouchard’s successor. Randy Stanton, Esmark Inc. executive vice president and chief financial officer (CFO), will serve as acting-CEO, in addition to his role as CFO, effective November 23, 2023.

“I’ve been in the steel industry for more than 40 years, and now is the time to step away from the day-to-day operations and empower the next generation of leadership. It’s also time for me to focus on my health and spend more time with family,” Bouchard said. “I have the utmost confidence in the team to continue building on the company’s incredible legacy. The future is bright for Esmark and our customers and partners.”

Bouchard continued, “I’ve been dealing with some medical issues recently. Then I was shocked at the unexpected death of my friend and USW International President Tom Conway last month. So after four decades, and much thought and reflection, I’ve decided to retire.”

Bouchard is the founder, chairman, and CEO of Esmark Inc. (and its predecessor companies) as well as the chairman and CEO of the controlling shareholder, the Bouchard Group, which was formed in 1995. Over the years, the company has grown, diversified and evolved into the Esmark family of companies holding strategic investments and assets engaged in the Industrial, Energy, Technology, Real Estate, Commodities industries, and Youth Sports and Development sectors. Bouchard, along with the Esmark family of companies, will continue to be tireless supporters of a wide range of educational, family health and wellness, youth sports and recreation programs which include the Helen E. Bouchard Scholarship Award (totaling $500,000 to 75 recipients). Bouchard and Esmark donations have totaled more than $10 million since 2003.

“The USW commends Mr. Bouchard for his extensive work in steel, and in particular applauds his longstanding commitment to the domestic industry and his positive relationship with our union,” said USW International President David McCall. “We wish him a long and happy retirement.”

“Jim Bouchard’s impact on the both steel and energy industries, and the entire country are impossible to quantify. Gayle and I wish him the absolute best as he begins his well deserved retirement,” said Senator Joe Manchin (D-WV).

Bouchard is the recipient of numerous industry and philanthropic awards for his accomplishments and contributions. In 2005, he was nominated and named as an Illinois Finalist of the prestigious Ernst & Young Entrepreneur of the Year Award. In March 2006, the Association of Steel Distributors bestowed their highest honor on him as “Steel Man of the Year.” In 2007, he was inducted into the Hinsdale Central High School Hall of Fame, the youngest inductee in the history of the school. He is a recipient of the Hinsdale Central, James Carmanani Award. Mr. Bouchard was also honored by Loyola University as the 2007-08 recipient of the Chicago Damen Award for distinguished alumni. And in 2010, he was named a Paul Harris Fellow by Rotary International for his humanitarian relief efforts during the aftermath of the earthquake in Haiti. In 2012, Mr. Bouchard was named Sewickley, Pennsylvania’s “Man of the Year” for his ongoing support of multiple children’s charities, youth sports and development programs, and other humanitarian organizations throughout Western Pennsylvania and Pittsburgh’s inner city. Also in 2012, Mr. Bouchard was named a finalist for “CEO of the Year” by global publishing concern Platts International and subsidiary Steel Business Briefing for his years of leadership, vision, and innovation in the steel industry. He is a part of the Pittsburgh City of Champions Hall of Fame and the Quaker Valley Hall of Fame. For more information about Bouchard’s legacy at Esmark, click here.

Stanton as acting-CEO will be responsible for the day-to-day operations of Esmark, Inc. and will retain oversight of Esmark Excaliber. He joined Esmark in 2013 as CFO and has more than 40 years of experience in finance for multi-national conglomerates. He earned a B.S.B.A. in accounting from Indiana University of Pennsylvania.

The following senior executives will report to Stanton effective November 25:

- Robert Alvarez, CEO of Esmark Steel Group
- Richard Bouchard, President of Esmark Sports Management
- Robert Mihoci, Head of Operations of Esmark Excaliber
- Ed Sarmiento, Executive Vice President of Treasury, Esmark Inc.

J. Bouchard will remain chairman of Ohio Coatings Company (OCC), a joint venture between Esmark Steel Group and TCC Steel. David Luptak remains the CEO of OCC and will report to J. Bouchard.

About Esmark, Inc.

Esmark, Inc. is a diversified, privately-held family company with a portfolio of industrial companies with strong roots in the steel industry. Over the years, Esmark has diversified its interests and operations into a number of businesses engaged in the industrial and commodity sectors. Esmark (a former publicly traded company on NASDAQ: ESMK) has focused on several key industries including steel services, oil and gas exploration, aviation, real estate, professional services, technology and youth sports development. The company is also an active corporate citizen in the communities it serves, having committed more than $10 million in philanthropic support of a wide range of humanitarian, education, family wellness and youth sports programs in Pennsylvania, Illinois and internationally.

To view this piece of content from, please give your consent at the top of this page.

Contact information

Katie Regan
Director of Communications
Esmark, Inc.
(708) 898-5550

About Business Wire

Business Wire
Business Wire
24 Martin Lane
EC4R 0DR London

+44 20 7626 1982

(c) 2018 Business Wire, Inc., All rights reserved.

Business Wire, a Berkshire Hathaway company, is the global leader in multiplatform press release distribution.

Subscribe to releases from Business Wire

Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.

Latest releases from Business Wire

International Sustainable Forestry Coalition Welcomes New Member, Suzano6.12.2023 11:37:00 CET | Press release

In September a group of leading global sustainable forestry companies launched the International Sustainable Forestry Coalition (ISFC), to enable the sector to positively contribute to global policy processes focused on the transition from a fossil-based economy to a circular bioeconomy. Today the ISFC is delighted to announce that Suzano, one of the world’s major forestry sector companies, has become a member. Suzano, headquartered in Brazil, is a globally respected forestry sector leader. With almost a hundred years in operation, the company manages extensive sustainable timber plantation estates and forest conservation areas, and creates a vast range of fibre-based products. One out of every three tissue products used in the world today will have come from Suzano’s operations. Convening Chair of the ISFC Dr. David Brand said, “With the inclusion of Suzano in the ISFC, the group represents more than 12.6 million hectares (31 million acres) of forests for conservation and production i

Forrester: European Retail Sales To Reach €2.7 Trillion By 20286.12.2023 11:00:00 CET | Press release

Forrester (Nasdaq: FORR) forecasts that total retail sales of Europe-5 countries (France, Germany, Italy, Spain, and the UK) will increase from €2.3 trillion in 2023 to reach €2.7 trillion in 2028 at a 2.9% compound annual growth rate (CAGR). Forrester’s recently released report, Europe-5 Online Retail Forecast, 2023 To 2028, estimates total retail sales, online retail sales, and online retail penetration across 22 product categories, including fashion, homeware, food and drink, consumer electronics, and media, for each of the Europe-5 economies. Germany holds the largest share of the retail market among these five countries, followed (in order) by the UK and France. In 2022, offline retail growth outpaced online retail growth for the first time as more consumers shopped in stores, and this momentum continued into 2023, but the fundamental growth drivers of online retail such as greater product selection, round-the-clock availability, and competitive pricing remain strong. As a result,

Kaneka Acquires Japan Medical Device Technology6.12.2023 10:40:00 CET | Press release

Kaneka Corporation (Headquarters: Minato-ku, Tokyo; President: Minoru Tanaka)(TOKYO:4118) has acquired all shares of Japan Medical Device Technology Co., Ltd. (Headquarters: Kamimashiki-gun, Kumamoto; President: Shuzo Yamashita) (hereinafter JMDT), a developer and manufacturer of medical devices, on November 30, 2023, and made it a wholly owned subsidiary. This press release features multimedia. View the full release here: Stent before expansion (Photo: Business Wire) Kaneka manufactures and sells endovascular catheters, which are devices used in the treatment of cardiac, peripheral vascular, and cerebrovascular diseases. In particular, stenting*1 for the treatment of coronary artery diseases such as atherosclerosis has a market worth 30 billion yen in Japan, and Kaneka is aiming to expand its business in this area. JMDT has high technological capabilities in the research and development of coronary stents and is one of the lead

CommBox launches Era AI to enable customer service to be intelligently automated and CX costs to be cut by 40%6.12.2023 10:00:00 CET | Press release

Today CommBox, the pioneer in AI-powered customer communications, is launching its new generative AI solution. Designed for medium to large businesses across a range of industries including healthcare, banking, retail, telecommunications and insurance, Era AI is based on a winning combination of both proprietary technology developed by CommBox and commercial large language models. Era AI’s functionality scans enterprise knowledge sources and, in just seconds, provides customers with accurate, highly personalised information through the digital messaging channel of their choice. Era AI delivers customer service automation, reduces costs for organisations, and dramatically increases the speed and accuracy of enquiry handling. It does this all while increasing customer satisfaction, with CommBox customers seeing a 92% customer satisfaction rate on average. Central to this is Era AI’s ability to analyse a brand’s entire resource base, such as support articles, help and knowledge centres, a

New Post Hoc Phase 3 Data Analysis Shows AJOVY ® (fremanezumab) Reduced Migraine Attacks in Adults with Migraine and Co-morbid Obesity6.12.2023 08:00:00 CET | Press release

Teva Pharmaceutical Industries Ltd. (NYSE and TASE: TEVA) announces that a post hoc analysis4 of two phase 3 clinical studies presented today at the European Headache Congress has shown the effectiveness of the migraine prevention treatment AJOVY®(fremanezumab) in reducing migraine attacks in patients with migraine and co-morbid obesity. Migraine and obesity are both associated with high levels of disability3 and both conditions are more prevalent amongst females5,6. It is estimated that 59% of people in Europe are either overweight or obese, with almost a quarter (23%) of adults living with obesity5. A higher body mass index (BMI) is frequently associated with increased migraine prevalence and severity, and an increased number of adverse effects3. As such, assessing the efficacy and safety of migraine preventative treatment in patients with obesity can help guide migraine management and treatment decisions. The post hoc analysis of the HALO-LTS1 and FOCUS2 phase 3 studies compared the