FORT
WORTH, Texas, Jan. 23,
2025 /PRNewswire/ -- AZZ Inc. (NYSE: AZZ), the
leading independent provider of hot-dip galvanizing and coil
coating solutions in North
America, announced today that effective March 1, 2025, Mr. Jeff
Vellines will serve as President and Chief Operating Officer
of the Precoat Metals business segment. Mr. Kurt Russell, AZZ's former President and Chief
Operating Officer of the Precoat Metals business segment will
transition into Senior Vice President and Chief Strategic Officer,
where he will focus on several growth initiatives for the
Company.
Mr. Vellines joined Precoat Metals in 2011 as Director of
Strategic Planning where his primary focus was the integration of
Roll Coater which had been acquired by Precoat. He was later
promoted to the position of Vice President of Sales in 2013, and
again in 2021, when he assumed responsibility for all Commercial
Operations at Precoat as Senior Vice President. Most recently Jeff
was appointed as President of AZZ Precoat Metals in the first
quarter of 2024. Prior to joining Precoat, Jeff held a number of
leadership roles at both Roll Coater and Material Sciences
Corporation. He has a B.A. in Communications from the University of Illinois, and a M.B.A. from
Northwestern's Kellogg School of Management.
Tom Ferguson, Chief Executive
Officer of AZZ, said "We are excited to have Kurt Russell, with his tremendous experience in
the metal coatings industry and successful track record leading AZZ
Precoat Metals, move into the newly created Chief Strategic Officer
role to support our stated objective to grow more aggressively in
the coatings space. Jeff
Vellines role is being expanded to include Kurt's current
duties as Chief Operating Officer of AZZ Precoat Metals. Both
promotions are a testament to our leadership bench strength,
commitment to developing great talent, and emphasis on executing
our strategic plans."
About AZZ Inc.
Certain statements herein
about our expectations of future events or results constitute
forward-looking statements for purposes of the safe harbor
provisions of The Private Securities Litigation Reform Act of 1995.
You can identify forward-looking statements by terminology such as
"may," "could," "should," "expects," "plans," "will," "might,"
"would," "projects," "currently," "intends," "outlook,"
"forecasts," "targets," "anticipates," "believes," "estimates,"
"predicts," "potential," "continue," or the negative of these terms
or other comparable terminology. Such forward-looking statements
are based on currently available competitive, financial, and
economic data and management's views and assumptions regarding
future events. Such forward-looking statements are inherently
uncertain, and investors must recognize that actual results may
differ from those expressed or implied in the forward-looking
statements. Forward-looking statements speak only as of the date
they are made and are subject to risks that could cause them to
differ materially from actual results. Certain factors could affect
the outcome of the matters described herein. This press release may
contain forward-looking statements that involve risks and
uncertainties including, but not limited to, changes in customer
demand for our products and services, including demand by the
construction markets, the industrial markets, and the metal
coatings markets. We could also experience additional increases in
labor costs, components and raw materials including zinc and
natural gas, which are used in our hot-dip galvanizing process;
supply-chain vendor delays; customer requested delays of our
products or services; delays in additional acquisition
opportunities; an increase in our debt leverage and/or interest
rates on our debt, of which a significant portion is tied to
variable interest rates; availability of experienced management and
employees to implement AZZ's growth strategy; a downturn in market
conditions in any industry relating to the products we inventory or
sell or the services that we provide; economic volatility,
including a prolonged economic downturn or macroeconomic conditions
such as inflation or changes in the political stability in
the United States and other
foreign markets in which we operate; acts of war or terrorism
inside the United States or
abroad; and other changes in economic and financial conditions. AZZ
has provided additional information regarding risks associated with
the business, including in Part I, Item 1A. Risk Factors, in AZZ's
Annual Report on Form 10-K for the fiscal year ended February 29, 2024, and other filings with the
SEC, available for viewing on AZZ's website at www.azz.com and on
the SEC's website at www.sec.gov. You are urged to consider these
factors carefully when evaluating the forward-looking statements
herein and are cautioned not to place undue reliance on such
forward-looking statements, which are qualified in their entirety
by this cautionary statement. These statements are based on
information as of the date hereof and AZZ assumes no
obligation to update any forward-looking statements, whether as a
result of new information, future events, or otherwise.
Investor Relations and Company Contact:
David Nark,
Senior Vice President of Marketing, Communications, and Investor
Relations
AZZ Inc.
(817) 810-0095
www.azz.com
Investor Contact:
Sandy
Martin / Phillip Kupper
Three Part Advisors
(214) 616-2207
www.threepa.com
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SOURCE AZZ, Inc.