Titan Group announced today that after 20 years at the helm of Titan America, Aris Papadopoulos will be retiring from the position of CEO, effective August 1, 2014. He will become Executive Chairman of ST Equipment & Technologies (STET), reporting to the Group CEO and will also serve as an advisor.
Commencing with a 1994 joint venture with Roanoke Cement, Papadopoulos led Titan America through a growth trajectory that included the acquisition of Tarmac America and Separation Technologies, modernizing the company's two cement plants, numerous operational expansions and multiple concrete acquisitions.
"During Aris' tenure, Titan America grew from a cement JV in Roanoke, Virginia, to the preeminent East Coast construction materials producer," commented Papalexopoulos. "Aris, more than anyone else, has shaped Titan America over two decades."
Bill Zarkalis, Group CFO since 2010, will succeed Aris. Bill joined the Group in 2008 as Director of Business Development; he previously held executive positions at Dow Chemical. As CEO-designate, Bill will work closely with Aris to ensure a smooth transition. Michael Colakides will become Group CFO, effective May 16, 2014. Michael recently returned to the Group as Senior Strategy Advisor after more than a decade in several banking industry executives roles.