Allegheny Technologies Inc. has announced that Brian P. Simmons, 42, a partner and one of the founders of Code Hennessy & Simmons LLC, a private equity investment firm, has been elected to the company’s Board of Directors. Code Hennessy & Simmons (CHS), based in Chicago, makes controlling investments in manufacturing, service and distribution companies participating in a broad array of consumer and industrial markets. CHS owns controlling interest in 28 companies with combined revenues in excess of $3.0 billion. Brian Simmons is actively involved in all aspects of CHS’s business, including investment origination, investment management and fundraising. He serves as Chairman of the Board or a Director of numerous CHS portfolio companies. An ATI employee benefit trust has investments valued at approximately $24 million, and an ATI subsidiary has investments valued at less than USD 1 million in CHS funds. Brian Simmons is the son of Richard P. Simmons, who retired as Chairman of Allegheny Technologies in 2000.
