Tuesday, August 19, 2003

Tristate summary

Cincinnati Bell seeking new CFO

Staff/wire reports

Cincinnati Bell Inc. said Monday it is searching for a new chief financial officer after Thomas L. Schilling, the company's CFO since July 2002, resigned.

Schilling is the latest executive of the former Broadwing Inc. to resign since the company sold off its money-losing broadband business.

Bell said it has retained Spencer Stuart LLP, an executive search firm, to find a replacement. The company said Schilling will remain a company consultant through year-end.

Winton Financial picks new leaders

Winton Financial Corp., the parent company of Winton Savings & Loan Co., Monday said Henry L. Schulhoff has been elected board chairman.

Schulhoff has been a member of the Winton board since 1989 and has served on its executive committee since 1991. He is president of Schulhoff and Co., a registered investment advisory firm downtown.

Schulhoff replaces William Parchman, who died earlier this year.

The board also elected Robert E. Hoeweler as vice chairman. Hoeweler has also served on the board since 1989 and on the executive committee since 1991. Mr. Hoeweler, a certified public accountant, is the president of the Hoeweler Group.

AK Steel unit buys tube maker

An AK Steel Corp. subsidiary has bought an Indiana exhaust tube manufacturer for $67 million, AK Steel said Monday.

The Middletown steel maker said its subsidiary, AK Tube LLC, completed the acquisition of Central Tubing Facility in Columbus, Ind., from a subsidiary of ArvinMeritor, an automotive equipment supplier based in Troy, Mich. AK Steel first announced the deal July 2.

The Indiana plant produces stainless steel tubing used for passenger car and light truck exhaust systems sold in the United States and Canada.

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Tristate summary