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FRANKLIN, Tenn. - Kaiser Aluminum Corporation (NASDAQ:KALU), a $1.27 billion market cap manufacturer with a GOOD financial health score according to InvestingPro, announced Thursday the appointment of James D. Hoffman to its Board of Directors as an independent director. Hoffman will serve as a Class II director with a term expiring at the company’s 2026 annual meeting of stockholders.
Hoffman, who retired in December 2022, previously served as Chief Executive Officer of Reliance, Inc., formerly known as Reliance Steel and Aluminum Co., from January 2019 until his retirement. His career spans over 43 years in the metals distribution, fabrication and service center industries, including nearly three decades in executive roles. He joins Kaiser Aluminum as the company maintains its 19-year streak of consecutive dividend payments, currently yielding 4%.
At Kaiser Aluminum, Hoffman will serve on the board’s compensation and nominating and corporate governance committees.
"I’m honored to join the Board of Directors at such an exciting time in Kaiser’s journey," Hoffman said in the press release statement.
Prior to his CEO role at Reliance, Hoffman held various senior positions including President, Executive Vice President and Chief Operating Officer. He also served on Reliance’s board of directors from October 2019 to December 2022. Before joining Reliance, Hoffman held management positions at Earl M. Jorgensen Company, which was acquired by Reliance in 2006.
Kaiser Aluminum, headquartered in Franklin, Tennessee, produces semi-fabricated specialty aluminum products for aerospace, packaging, automotive and other industrial applications.
The announcement was made in a company press release.
In other recent news, Kaiser Aluminum Corporation reported its financial results for the second quarter of 2025, showcasing a robust performance. The company exceeded earnings expectations with an earnings per share (EPS) of $1.21, surpassing the projected $0.77. This represents a surprising increase of 57.14% over analyst forecasts. Despite the strong earnings report, the company’s stock experienced a decline in regular trading. However, in pre-market trading, there was a slight recovery. These developments are part of the company’s ongoing financial updates. Investors and analysts are closely monitoring these results as they assess the company’s financial health and future prospects.
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