Newsmaker: Jim Southwood
Noteworthy: Southwood is a finalist for a lifetime achievement award from the business publisher Platts. The 2013 Global Metals Awards will be announced at a reception next month in London. Southwood is being honored for his work at Commodities Metal Management Co., a consulting company he founded to help companies manage price risk.
Occupation: Southwood still does part-time consulting on price risk management as a partner along with his wife at Southwood Partners LLC.
Education: He graduated from Purdue University in 1968 with a bachelor's degree in industrial engineering and a master's degree in operations research.
Background: Southwood sold Commodities Metal Management to London-based CRU about four years ago. Before striking out on his own, he had worked for Germany's Metallgesellschaft and for Alcoa, where he started his career in 1967. His work helped transform aluminum sales by pushing for standardized commodity pricing across the industry, he said.
Quote: “We created a whole enterprise to teach people about price risk management, to hold people's hands when they had to make decisions about managing their risk. That was a great 20 years.”