The ExOne Company Announces Appointment of Hans J. Sack as President
March 11 2015 - 6:55AM
The ExOne Company (Nasdaq:XONE) ("ExOne" or "the Company"), a
global provider of three-dimensional ("3D") printing machines and
printed products to industrial customers, announced today that it
has appointed Hans J. Sack to serve as President of the Company
effective March 16, 2015.
Mr. Sack brings considerable experience in the metals and
automotive industries. Accordingly, he will apply a strong base of
leadership in operational, commercial, geographic and strategic
matters to ExOne. In connection with this appointment, Mr. Sack
resigned from the ExOne Board of Directors and as Chair of the
Strategic Oversight Committee effective on March 10, 2015.
Concurrently, the Board reduced its size to seven members and
appointed current director Raymond J. Kilmer to serve as Chair of
the Strategic Oversight Committee.
ExOne Chairman and CEO, S. Kent Rockwell, commented, "During his
tenure as Director, Hans has demonstrated a wealth of operational
and strategic experience, leadership and keen judgment. As
President, he can be even more instrumental in the execution of our
key strategic and operating plans for 2015 and beyond. We are
pleased to welcome him to our executive team."
Mr. Sack served as a member of the ExOne Board of Directors and
as Chair of the Strategic Oversight Committee from December 17,
2014 to March 10, 2015. Mr. Sack also served as a Managing
Director of HEADWATERS | SC, a private consulting firm, from 2013
to February 28, 2015. In that position, he worked on client
engagement matters relating to business growth, strategy
development and implementation, operational improvement
initiatives, and acquisition and consolidation strategies and
related due diligence. Prior to joining Headwaters, from 2010
to 2012, Mr. Sack served as President and CEO of Berg Steel Pipe
Corp., the US subsidiary of Europipe GmbH, a global leader in large
diameter pipe for oil and gas pipelines. Prior thereto, he
served as President and CEO of Latrobe Specialty Steel Company, a
producer of aerospace metals and tool steels owned by private
equity firms, from 2006 to 2009. From 1990 to 2006, Mr. Sack
was employed by The Timken Company's (NYSE:TKR) steel business,
which is now known as TimkenSteel Corporation (NYSE:TMST), serving
in progressively challenging operational roles which lead to
President and CEO of Timken Latrobe Steel in 1996 and becoming an
officer of The Timken Company in 1998. Mr. Sack received a
master's degree in mechanical engineering from RWTH Aachen,
Germany, and a master's degree in business administration from the
Harvard University Graduate School of Business Administration.
He is a member of the Board of Directors of Saint Vincent
College and its McKenna School of Business, Economics and
Government.
About ExOne
ExOne is a global provider of 3D printing machines and printed
products, materials and other services to industrial customers.
ExOne's business primarily consists of manufacturing and selling 3D
printing machines and printing products to specification for its
customers using its in-house 3D printing machines. ExOne offers
pre-production collaboration and prints products for customers
through its eight production service centers ("PSCs"), which are
located in the United States, Germany, Italy and Japan. ExOne
builds 3D printing machines at its facilities in the United States
and Germany. ExOne also supplies the associated materials,
including consumables and replacement parts, and other services,
including training and technical support, necessary for purchasers
of its machines to print products.
Safe Harbor Regarding Forward Looking
Statements
This news release contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as
amended.
Forward-looking statements are subject to risks, uncertainties
and assumptions and are identified by words such as "expects,"
"estimates," "projects," "typically," "anticipates," "believes,"
"appears," "could," "plan," and other similar words. Such
statements include, but are not limited to, statements concerning
future revenue and earnings, involve known and unknown risks,
uncertainties and other factors that could cause the actual results
of the Company to differ materially from the results expressed or
implied by such statements, which include our ability to qualify
more materials in which we can print; the availability of skilled
personnel; the impact of increased operating expenses and expenses
relating to proposed acquisitions, investments and alliances; our
strategy, including the expansion and growth of our operations; the
impact of loss of key management; our plans regarding increased
international operations in additional international locations;
sufficiency of funds for required capital expenditures, working
capital, and debt service; the adequacy of sources of liquidity;
expectations regarding demand for our industrial products,
operating revenues, operating and maintenance expenses, insurance
expenses and deductibles, interest expenses, debt levels, and other
matters with regard to outlook; demand for aerospace, automotive,
heavy equipment, energy/oil/gas and other industrial products; the
scope, nature or impact of acquisitions, alliances and strategic
investments and our ability to integrate acquisitions and strategic
investments; liabilities under laws and regulations protecting the
environment; the impact of governmental laws and regulations;
operating hazards, war, terrorism and cancellation or
unavailability of insurance coverage; the effect of litigation and
contingencies; the impact of disruption of our manufacturing
facilities or PSCs; the adequacy of our protection of our
intellectual property; material weaknesses in our internal control
over financial reporting and other factors disclosed in the
Company's Annual Report on Form 10-K and other periodic reports
filed with the Securities and Exchange Commission. Because they are
forward-looking, these statements should be evaluated in light of
important risk factors and uncertainties.
Should one or more of these risks or uncertainties materialize,
or should any of ExOne's underlying assumptions prove incorrect,
actual results may vary materially from those currently
anticipated. The Company disclaims any obligation to update or
publicly announce any revisions to any of the forward-looking
statements contained in this news release.
CONTACT: For more information, contact:
Brian Smith
Chief Financial Officer
(724) 765-1350
brian.smith@exone.com
Deborah K. Pawlowski / Karen L. Howard
Kei Advisors LLC
(716) 843-3908 / (716) 843-3942
dpawlowski@keiadvisors.com / khoward@keiadvisors.com
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