Feb 24, 2011

CST Industries Announces New President and CEO

Declan McLaughlin promoted from president of Columbian TecTank

The board of directors of CST Industries Inc. announced that Declan McLaughlin was named president and CEO of the company. McLaughlin joined CST in late 2009 as president of Columbian TecTank. He recently was named to lead the combination of Columbian TecTank and another CST portfolio company, Engineered Storage Products, into the new company CST Storage, the global leader in complete storage solutions. Prior to joining CST, he served as vice president and general manager for SPX Corp.’s Global Package Products, where he focused on building business, increasing profitability and opening new international markets.

McLaughlin succeeds Brian Bauerbach, who will be leaving the company to become CEO of a separate venture.

“Declan is an ideal choice to assume this important role. He has a great understanding of our business and the markets we serve. Additionally, his career experience, both domestically and internationally, will be extremely beneficial as he leads the future growth of our company,” said Dave Abbott, chairman of the board of directors of CST Industries, who will work closely with the CST management team during the transition.