The Board has promoted Steven Kostecki, production manager, to replace him in the role of CEO and managing director. Kostecki has been in charge of Arcoplate production since 2006 and has been mentored by Gene Kostecki over the recent years before his promotion to the CEO role.

Gene Kostecki will continue in a consulting role to ensure the completion of the Indonesian facility and to continue research and development on new and advanced production units to oversee Alloy Steel International in the field of metallic and ceramic wear resistant materials. 

"It is my current expectation that the company will continue to grow using this proven method and it will continue to service its current clients and seek new clients to ensure a continuation of sales,” said Gene Kostecki. “I will remain available in a consulting role to ensure the company continues its growth."

Alloy Steel International released the following statement: “The board is very appreciative of the efforts of Gene Kostecki, who has nurtured the company from an idea, with a stream of inventions, that has changed the understanding of chromium metallurgy and helped grow the company to become internationally recognised as providing the world's most wear-resistant fused alloy steel plate."