Globe Specialty Metals (NASDAQ:GSM) is about to see a change in the leadership of its finance team. The company has appointed Joseph Ragan to be its new CFO, effective May 20. He replaces the outgoing Malcolm Appelbaum.

Prior to joining Globe, Ragan was CFO of drilling services multinational Boart Longyear from 2008 to earlier this year. Previous to that, he served in the same capacity for IT firm GTSI.

Globe's CEO Jeff Bradley said of his company's expectations for its new hire that "Joe will lead the Company's efforts to effectively deploy the Company's cash flow in value-creating ways, collaborate with our strengthened operations to maintain financial discipline, and provide his broad base of expertise throughout the organization."