Paul Mueller Co. CFO to retire

Donald Golik, executive vice president and chief financial officer of Springfield-based Paul Mueller Co., will retire effective May 31, 2011.

Golik also was chairman of the board but stepped down Oct. 28. He will remain a member of the company's board of directors, according to a company news release.

Golik has been employed with Paul Mueller Co. for 31 years and has been CFO and a member of the board of directors since 1982, the release said.

"On behalf of our board of directors and the entire Paul Mueller Co. team, I want to express our sincere thanks to Don for his long and distinguished service as CFO," President and CEO Matt Detelich said in the release. "We look forward to continuing our work with him on the board of directors."

Following Golik's move to step down as chairman of the board, William Patterson, current executive committee chairman and a former chairman of the board, was elected as the new chairman.

The company has not yet selected a successor to Golik, but he is participating in the search for his replacement, the release said.

Paul Mueller Co. (Pink Sheets: MUEL) is a manufacturer of stainless steel equipment and performs on-site  construction, repair and maintenance.

The company's shares were trading at $19.14 as of Oct. 29, compared to a 52-week range of $16.50 to $30.00.[[In-content Ad]]