NEW YORK Rea Magnet Wire
Co. Inc. chairman Jim Vann and LS-Nikko Copper Inc. chairman
C.M. Koo have been chosen to receive the Copper Clubs
Copper Man of the Year Ankh award.
Vann and Koo will be honored at the groups annual dinner
June 5 in New York.
Vann was selected for his role in building Rea into a
leading company in the magnet wire industry, as well as his
outstanding service to the copper and electrical manufacturing
industries, the Copper Club said May 2.
In 1986, Vann led the leveraged buyout of Fort Wayne,
Ind.-based Rea from aluminum producer Alcoa Inc., becoming its
chairman, president and chief executive officer. Rea teamed up
with Tongling Jingda Special Magnet Wire Co. Ltd. in 2000 to
establish several joint-venture magnet wire companies, and in
2006 Vann headed up the companys acquisition of Phelps
Dodge Magnet Wire Co.
Koo was chosen for his role in developing a world-class
company in the smelting and refining segment of the
industry, the group said.
Koo has helped make South Koreas LS-Nikko more
competitive in terms of quality, innovation and capacity,
building it into the third-largest copper smelter worldwide,
according to the Copper Club.