Stephen Montague, current president and CEO of Midrex Technologies Inc, will retire in April 2024. KC Woody will be promoted to president effective immediately and maintain his current role as chief operating officer (COO). Montague will remain as CEO until his retirement and then continue to serve on the board of directors.

“After more than 35 years at Midrex, and at this stage of my career, I want to spend more time with my family and in ministry, something that was very difficult in my current position. Working the last 13 years with KC has made this decision a lot easier,” Montague commented. “I am pleased to remain on the board of directors, and I am confident Midrex will continue to be successful under KC’s leadership.”

KC Woody said he was 'incredibly thankful and humbled' by the trust being placed in him by Kobe Steel and his fellow teammates at Midrex.

“After more than 35 years at Midrex, and at this stage of my career, I want to spend more time with my family and in ministry, something that was very difficult in my current position."

Stephen Montague, president and CEO, Midrex Technologies Inc.

“Midrex is a special place and Stephen is an incredible leader and friend. I know how much his family means to him and I am excited for him as he starts this next chapter of his life.

“While we have another year before he retires, I am really excited that he has agreed to continue working with the team as a member of our board, and I look forward to his continued friendship, support, and advice as Midrex tackles the decarbonization of our industry,” Woody said.

“Decarbonization is a unique opportunity, and I am very confident that we have the right team in place to capitalize on this opportunity and grow our company.”

Woody joined Midrex in 2010 and has served in a variety of commercial roles including the first managing director of Midrex India Private Limited and vice president-commercial of Midrex Technologies, Inc. In 2020, he was named COO, leading all the commercial and operations activities for the company.

Woody is a graduate of the US Military Academy at West Point and served on active duty as an officer in the US Army prior to joining Midrex.