Accuride Realigns Leadership to Support Global Growth; Adds Hajost as New CFO
November 16 2015 - 5:00PM
Business Wire
- Promotes Scott D. Hazlett to President,
Wheels, and Gregory A. Risch to President, Gunite
- Michael A. Hajost joins Accuride as
Senior Vice President and Chief Financial Officer
Accuride Corporation (NYSE: ACW) – a leading supplier of
components to the global commercial vehicle industry – today
announced that it has revised its organization and upgraded its
leadership team to support its planned expansion as a supplier of
high-quality wheel end solutions to the global commercial vehicle
industry. Over the past four years, Accuride has repositioned
itself as a strategic and competitive business partner capable of
supporting the needs of its key OEM customers in markets around the
globe. Previously a supplier of commercial vehicle components in
North America, Accuride recently acquired a majority stake in
Italian steel-wheel manufacturer Gianetti Ruote S.r.l., in
partnership with CLN S.p.A., as the first step in the Company’s
strategic expansion as a global wheel end solutions supplier.
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Michael A. Hajost, Senior Vice President
and Chief Financial Officer, Accuride Corporation (Photo: Business
Wire)
Scott D. Hazlett promoted to President, global Wheels
business unit
Scott D. Hazlett has been promoted to President, Wheels,
continuing to report to President and CEO Rick Dauch. Hazlett will
be responsible for integrating the Gianetti Ruote joint venture and
leading the global growth of Accuride’s Wheels business. Hazlett
previously had served as Senior Vice President of Operations,
leading the operational restructuring and upgrade of the Gunite
business, and the expansion of capacity and capability of
Accuride’s steel and aluminum wheel business in North America.
These production and process upgrades were central to Accuride’s
successful turnaround strategy to boost operational performance to
world-class levels on key metrics such as quality, delivery and
lead-times. Hazlett joined Accuride in October 2011 following
leadership roles in the agricultural and transportation industries
with TriMas and Case Corporation, and as a Partner with industrial
turnaround specialist Conway, Mackenzie & Dunleavy of
Michigan.
Gregory A. Risch promoted to President, Gunite business
unit
Gregory A. Risch is promoted to President, Gunite, as part of
Accuride’s executive leadership development and succession plan,
and will continue reporting to President and CEO Rick Dauch. Risch
will lead the restructured and resurgent Gunite business following
capital investments and adoption of LEAN manufacturing systems that
upgraded plant production and processes, led to industry-leading
operating performance and returned the business to profitability.
Risch has served as the Company’s Chief Financial Officer since
October 2011. During his 21-year Accuride career, Risch’s other
leadership roles have included Vice President and Chief Accounting
Officer, and Director of Financial Planning and Reporting.
Michael A. Hajost appointed Chief Financial Officer
Michael A. Hajost will join Accuride as Senior Vice President
and Chief Financial Officer, reporting to President and CEO Rick
Dauch, effective November 30, 2015. Until then, Greg Risch will
continue serving as CFO as he transitions into leading the Gunite
business unit. Hajost is a highly capable finance executive with
more than 20 years of experience in global financing and treasury
operations in both public and private-equity environments. He comes
to Accuride having recently completed a seven-year tenure leading
the Treasury and Investor Relations functions for Carpenter
Technology Corp., a $2.3 billion revenue international alloys and
engineered products manufacturer in Reading, Pa. For Carpenter,
Hajost had served as Vice President, Treasury and Investor
Relations, with global responsibility for treasury, financing and
risk management. Previously, he had served as Vice President,
Treasurer for the $10 billion revenue branded foods company JBS
Swift & Company of Greeley, Colo., establishing a stand-alone
Treasury function for the Con-Agra spin-off. He began his corporate
career with Eli Lilly and Company of Indianapolis, Ind., after
completing five years of service as an officer in the U.S. Army.
Hajost is a graduate of the United States Military Academy with a
Bachelor of Science degree in Engineering and earned his MBA in
Finance from the University of Chicago.
“Promoting Scott and Greg to lead our global Wheels and Gunite
businesses, respectively, and adding Mike Hajost to the Accuride
Leadership Team as CFO advances our vision to become the premier
supplier of wheel end solutions to the global commercial vehicle
industry,” Accuride President and CEO Rick Dauch said. “Under Scott
and Greg’s leadership, we have transformed Accuride’s operational
and financial performance, laying the foundation for our pursuit of
strategic global growth that began with our recently announced
acquisition of a majority stake in Gianetti Ruote S.r.l. of Italy.
We are pleased to add Mike’s proven global finance and treasury
experience to support our pursuit of long-term profitability and
global expansion.”
About Accuride Corporation
With headquarters in Evansville, Ind., USA, Accuride Corporation
is a leading supplier of components to the global commercial
vehicle industry. The company’s products include commercial vehicle
wheels; wheel-end components and assemblies; and specialty
cast-iron components for a range of agricultural, construction and
mining, and oil and gas equipment applications. The company’s
products are marketed under its brand names, which include
Accuride®, Accuride Wheel End SolutionsTM, Gunite®, Gianetti
RuoteTM and BrillionTM. Accuride’s common stock
trades on the New York Stock Exchange under the ticker symbol ACW.
For more information, visit the Company’s website at
http://www.accuridecorp.com.
Note to editors: To download high-resolution photographs
and biographies of Scott D. Hazlett, Gregory A. Risch and Michael
A. Hajost, visit the Accuride News Room
http://www.accuridecorp.com/news/ and click on the link to this
news release.
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version on businesswire.com: http://www.businesswire.com/news/home/20151116006361/en/
Accuride CorporationMEDIA RELATIONS CONTACTTimothy G.
Weir, APR, 812-962-5128Director of Public Affairs,
Communications & Marketingtweir@accuridecorp.comorINVESTOR
RELATIONS CONTACTTodd Taylor, 812-962-5105Vice President
and Treasurerttaylor@accuridecorp.com
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