Ampco-Pittsburgh Announces Election of John S. Stanik as Chief Executive Officer Effective January 1, 2015
December 17 2014 - 09:25AM
Business Wire
Ampco-Pittsburgh Corporation (NYSE: AP) today announced that the
Company’s Board of Directors has elected John S. Stanik, age 61, as
Chief Executive Officer and also as a Director, effective January
1, 2015. Mr. Stanik will succeed Robert A. Paul as the Company’s
Chief Executive Officer upon Mr. Paul’s retirement effective
December 31, 2014. Mr. Paul will remain on the Company’s Board of
Directors and serve as its non-executive Chairman of the Board.
Mr. Paul said, “John Stanik has had a very distinguished career,
and his combination of deep executive and operating experience
makes him well suited to provide the leadership needed to continue
to guide Ampco-Pittsburgh in its focused efforts to create
meaningful long-term value for our shareholders. I am very pleased
that I will be working with John in my continuing role as Chairman,
while having more time to spend with my family and pursue my many
other interests."
Mr. Stanik worked at Calgon Carbon Corporation, an international
company specializing in purification products, technologies and
services, from 1991 through 2012 when he retired for personal
reasons. He served as President and CEO of Calgon from 2003 to 2012
and became its Chairman of the Board in 2007. Prior to joining
Calgon, Mr. Stanik worked in various capacities with increasing
responsibility for Davy Corporation, an engineering and
construction company specializing in the metals (steel and
aluminium) markets, ultimately serving as Davy’s General Manager of
Operations.
Mr. Stanik commented, “I am honored to lead Ampco-Pittsburgh and
greatly appreciative of the confidence that its Board of Directors
has shown in me. I am committed to establishing strong
relationships with Ampco-Pittsburgh’s shareholders, business
partners and dedicated employees.”
The Board of Directors expressed its appreciation of Mr. Paul’s
loyal service and contributions to the Corporation as an officer
for fifty years, most recently as Chief Executive Officer since
1994, and for Mr. Paul’s continuing commitment to serve on the
Board of Directors as the Company’s Chairman.
The matters discussed herein may contain forward-looking
statements that are subject to risks and uncertainties that could
cause actual results to differ materially from expectations. Some
of these risks are set forth in the Corporation’s Annual Report on
Form 10-K as well as the Corporation’s other reports filed with the
Securities and Exchange Commission.
Ampco-Pittsburgh CorporationRose Hoover, Executive Vice
President & Chief Administrative Officer,
412-456-4418rhoover@ampcopgh.com
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