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Company looking to build mill in Kentucky embroiled in internal dispute

The dispute comes as Braidy tries to complete financing for the Kentucky project staked to millions in taxpayer money.

Credit: AP

File-This Aug. 22, 2018, file photo shows a sign declaring the future home of Braidy Industries' aluminum mill in Ashland, Ky. An aluminum company planning to build a $1.7 billion plant in Appalachia is forming a partnership with a Russian company that until recently faced U.S. sanctions. Russian aluminum giant Rusal wants to invest $200 million in an aluminum rolling mill that Braidy Industries intends to build near Ashland, Kentucky. Rusal says it would assume a 40 percent ownership share in the mill in return for the investment. Braidy Industries would hold the other 60 percent share. (AP Photo/Adam Beam, File)

FRANKFORT, Ky. — An aluminum company planning to build a $1.7 billion plant in Appalachia has announced a management shakeup.

The announcement is being disputed by an executive at Braidy Industries. The boardroom drama began when Braidy said Thursday that Chairman and CEO Craig Bouchard would step down from that role.

The company offered no reason for the change. Bouchard disputed the announcement Friday.

He says on social media that he did not authorize the company release and had not relinquished his job.

The dispute comes as Braidy tries to complete financing for the Kentucky project staked to millions in taxpayer money.

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