Sun Valley, California-based metals distributor Industrial Metal Supply Co. announced today that David Pace has been named President effective immediately. As President, Pace will have responsibility for the Company's strategic direction and growth initiatives. He will report directly to Chairman of the Board and owner Neil Sherman.
Pace is a 23-year veteran of Industrial Metal Supply and since 2004 has served as the COO overseeing all branch operations. During his tenure as COO he has been instrumental in the company's robust growth, including the additions of Phoenix, Riverside and Tucson locations which used both acquisition and green field strategies to extend service throughout Southern California and Arizona. Pace began his industry training at Ryerson Steel, and is extremely well versed in metal industry practices including an extensive sales and operational background. He has also held leadership positions with The Metals Service Center Institute and currently serves on the Aluminum Council.
Additionally, Dave Cohen will assume the COO role immediately. Cohen started at IMS in 1995 as a Sales Manager. Within five years he took over the newly opened Phoenix branch as General Manager. He served in this role till four years ago when he was promoted to Senior Vice President of Business Development. Under Cohen's leadership, the Phoenix location has enjoyed extensive sales growth. Cohen also supervised the 2012 opening of the newest store which is located in Tucson.
Concurrent to Pace's appointment, Eric Steinhauer, President of IMS since 1993 has accepted the position of Vice Chairman of IMS and will report directly to Neil Sherman. In this newly formed role, Steinhauer will assist the management team and sit on the Board of Advisors.