Ampco-Pittsburgh Announces Appointment of New Chief Executive Officer
25 Juni 2018 - 2:40PM
Business Wire
Ampco-Pittsburgh Corporation (NYSE: AP) announced today that its
Board of Directors has elected J. Brett McBrayer, age 52, as Chief
Executive Officer (CEO) and Director, effective July 1, 2018. Mr.
McBrayer succeeds the Corporation’s current CEO, John S. Stanik,
who announced his impending retirement in October 2017.
Mr. McBrayer brings over 27 years of international business and
manufacturing leadership to his role at Ampco-Pittsburgh, most
recently serving as President and CEO at Airtex Products and ASC
Industries, a global manufacturer and distributor of automotive
aftermarket and OEM fuel and water pumps. Before joining
Airtex/ASC, he was Vice President and General Manager of the Alcan
Cable business at Rio Tinto Alcan. This position was preceded by
his role as Vice President and General Manager of the Specialty
Metals Division at Precision Castparts Corporation. Mr. McBrayer
has also held positions of increasing responsibility and leadership
during his 20 years with Alcoa, Inc.
Mr. McBrayer received his Master of Arts in Applied Behavioral
Science from Bastyr University and a bachelor’s degree in
Industrial Engineering from the University of Tennessee.
"Brett is an outstanding leader who has a proven track record of
leadership and success," said Mr. Leonard Carroll, Chairman of the
Board. "I'm very pleased with the Board's decision, and I'm
confident Brett will lead the Corporation towards a great future
and increase shareholder value."
“On behalf of the Board of Directors, I would like to thank John
for his outstanding leadership and tremendous contributions to
Ampco-Pittsburgh,” continued Mr. Carroll. “John’s guidance and
strategic oversight will have a lasting impact on the Corporation.
We wish him all the best in the years ahead.”
About Ampco-Pittsburgh Corporation
Ampco-Pittsburgh Corporation, through its operating subsidiary,
Union Electric Steel Corporation, is a leading producer of forged
and cast rolls for the worldwide steel and aluminum industries, as
well as ingot and open die forged products for the oil and gas,
aluminum, and plastic extrusion industries. Ampco-Pittsburgh is
also a producer of air and liquid processing equipment, primarily
custom-engineered finned tube heat exchange coils, large custom air
handling systems and centrifugal pumps. The Corporation operates
manufacturing facilities in the United States, Canada, United
Kingdom, Sweden, Slovenia, and China. Sales offices are located in
North and South America, Asia, Europe, and the Middle East.
Corporate headquarters is located in Carnegie, Pennsylvania.
The Private Securities Litigation Reform Act of 1995 (the “Act”)
provides a safe harbor for forward-looking statements made by or on
our behalf. This news release may contain forward-looking
statements that reflect our current views with respect to future
events and financial performance. All statements in this document
other than statements of historical fact are statements that are,
or could be, deemed forward-looking statements within the meaning
of the Act. In this document, statements regarding future financial
position, sales, costs, earnings, cash flows, other measures of
results of operations, capital expenditures or debt levels and
plans, objectives, outlook, targets, guidance or goals are
forward-looking statements. Words such as “may,” “intend,”
“believe,” “expect,” “anticipate,” “estimate,” “project,”
“forecast” and other terms of similar meaning that indicate future
events and trends are also generally intended to identify
forward-looking statements. Forward-looking statements speak only
as of the date on which such statements are made, are not
guarantees of future performance or expectations, and involve risks
and uncertainties. For Ampco-Pittsburgh, these risks and
uncertainties include, but are not limited to, those described
under Item 1A, Risk Factors, of Ampco-Pittsburgh’s Annual Report on
Form 10-K. In addition, there may be events in the future that we
are not able to predict accurately or control which may cause
actual results to differ materially from expectations expressed or
implied by forward-looking statements. Except as required by
applicable law, we assume no obligation, and disclaim any
obligation, to update forward-looking statements whether as a
result of new information, events or otherwise.
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version on businesswire.com: https://www.businesswire.com/news/home/20180625005620/en/
Ampco-Pittsburgh CorporationMelanie L. Sprowson,
412-429-2454Director, Investor Relationsmsprowson@ampcopgh.com
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