Springfield-based Paul Mueller Co. announced today it has selected a new chairman of its board of directors.
Donald Golik, who has served as a board member since 1982 and was chief financial officer for more than 31 years until his June retirement, assumes the position currently held by William Patterson, who will retire from the board Jan. 1. Patterson stepped down as chairman Oct. 27 in preparation for his retirement, according to a news release.
"I have had the pleasure of working with Mr. Patterson since our first year on the board of directors," Mueller Co. President and CEO David Moore said in the release. "I appreciate the guidance that he has provided me and the company during those years.
Moore became president and CEO Aug. 29, replacing Robert Nosal, who was appointed to the post in April. Nosal succeeded Matthew Detelich, who resigned after six years at the company's top post, according to Springfield Business Journal archives
Patterson has served on the company's board of directors since 1997, with multiple terms as chairman.
Paul Mueller Co. (OTC: MUEL.PK) manufactures stainless steel equipment and performs on-site construction, repair and maintenance. In its third quarter ended Sept. 30, the company posted a net loss of $116,000, a 112 percent increase compared to a net loss of $1 million in the same period the prior year, according to SBJ archives
Mueller Co.'s pink sheet stock closed Nov. 3 at $19, compared to its 52-week range of $13.50 to $27.