Vallourec names new senior officials

Staff report

youngstown

Vallourec, the parent company of Vallourec Star, has promoted a senior official to help grow the oil-and-gas pipemaker’s North American operations.

Joel Mastervich, who had served as the president and chief operating officer of Vallourec Star since April 2010, was named Friday as executive vice president of operations/ industrial director of OCTG (Oil Country Tubular Goods) North America — its oil-and-gas-products division.

Though Vallourec is a global manufacturer for a range of other industries, including electric-power generation, the oil-and-gas segment of its business accounted for 61 percent of its $6.7 billion worth of sales last year, said company officials who recently visited Youngstown for a tour of its facility at the site of the former Youngstown Sheet & Tube Co.’s Brier Hill Works.

In Youngstown, Vallourec Star makes small- and large-diameter pipe that oil and gas companies use during the hydraulic-fracturing process.

In his new role, Mastervich will drive the operations and industrial integration of Vallourec’s North America OCTG companies in the U.S., Canada and Mexico. Mastervich first joined Vallourec Star in 2005.

Vallourec Star is the title under which the company’s U.S. facilities — those in Texas, Oklahoma and Youngstown — operate.

Vallourec holdings also include VAM, which provides technical- and field-support services in the U.S., Canada and Mexico.

M. Judson Wallace will assume the position of president of Vallourec Star, and Eric Shuster will become president of VAM USA.

The new assignments are effective immediately.