Encore Wire Announces Chairman of the Board and Lead Independent Director
February 09 2015 - 5:00PM
Business Wire
Encore Wire Corporation (NASDAQ Global Select: WIRE) announced
that Daniel L. Jones, President and Chief Executive Officer, has
been appointed Chairman of the Board of Directors, and that John H.
Wilson has been appointed Lead Independent Director.
Mr. Jones has held the office of President and Chief Executive
Officer of the Company since February 2006 and various other
management positions since joining the Company in 1989.
Mr. Wilson has been a director of the Company since 1989. He has
been President of U.S. Equity Corporation, a venture capital firm,
since 1983 and is also a director of Capital Southwest
Corporation.
Commenting on the announcement, Daniel L. Jones, President and
Chief Executive Officer of Encore Wire Corporation, said, “We are
pleased to announce these changes to our Board structure. We
continue to evolve our corporate governance to match our Company’s
growth and to maintain our Board structure and governance in
keeping with current industry trends and practices. We believe this
structure will enhance our ability to keep Encore Wire on a growth
trajectory. I look forward to working with Mr. Wilson and all of
our directors to ensure Encore Wire grows and prospers in the
future.”
Encore Wire Corporation is a leading manufacturer of a broad
range of copper electrical building wire for interior wiring in
commercial and industrial buildings, homes, apartments, and
manufactured housing. The Company is focused on maintaining a high
level of customer service with low-cost production and the addition
of new products that complement its current product line. The
matters discussed in this news release, other than the historical
financial information, including statements about the copper
pricing environment, profitability and shareholder value, may
include forward-looking statements that involve risks and
uncertainties, including fluctuations in the price of copper and
other raw materials, the impact of competitive pricing and other
risks detailed from time to time in the Company’s reports filed
with the Securities and Exchange Commission. Actual results may
vary materially from those anticipated.
Encore Wire CorporationFrank J. Bilban,
972-562-9473Vice President & CFO
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