People: A. O. Smith Corp (AOS)
30 Jul 2014
Mr. Mathias F. Sandoval serves as an Independent Director of A.O. Smith Corp. He has been a director of the Company since October, 2010. He is a member of the Personnel and Compensation Committee and the Nominating and Governance Committee. Mr. Sandoval was chief executive officer and president of Phelps Dodge International Corporation from 2001 to 2012 and executive vice president of its parent company, General Cable Corporation, where he was chief executive officer and president of General Cable’s Rest of World segment, from 2007 to 2012. He began his 28-year career in the wire and cable industry as a process engineer in Phelps Dodge’s Costa Rican operation and held numerous executive management positions at Phelps Dodge, including general manager of the Honduras-based business, president of the Venezuelan operations, vice president of the Global Aluminum Business Segment, and vice president of the Global Energy Segment. General Cable Corporation is a leader in the development, design, manufacture, marketing and distribution of copper, aluminum and fiber optic wire and cable products for the energy, industrial, specialty and communications markets. Mr. Sandoval resigned from those positions in November 2012 after General Cable Corporation disclosed certain inventory-related accounting errors. In subsequent restatements of its financial statements for 2009-2012, General Cable identified internal control deficiencies at several facilities, including several that were within the Rest of World segment. In addition, since July 2013 Mr. Sandoval has been advising the executive group of Grupo Terra, a privately-held diversified investment company with significant operations in Central and South America in the energy, oil, infrastructure, retail and real estate development sectors.
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