JOHNSON CITY, Tenn.,
Jan. 18, 2018 /PRNewswire/ -- NN,
Inc., (NASDAQ: NNBR) a diversified industrial company, today
announced that it has appointed Elvin C.
Tyler as Chief Compliance Officer. This role is in
addition to Tyler's position as Vice President, Internal
Audit. In his new role, Tyler will have overall
responsibility for NN's ethics and compliance program, and he will
support NN's business operations and leadership team in driving
business success through an organizational culture committed to
integrity, ethical conduct, and compliance with the law, industry
regulations and the NN Operating System.
"Elvin's appointment demonstrates NN's on-going commitment to
the strengthening of our compliance program across all of our
markets," stated Richard Holder,
President and CEO of NN. "His extensive expertise will ensure that
NN continues to develop a world-class compliance function and
strong ethical culture, an initiative that is of critical
importance to the Board of Directors and senior management
team."
"A strong ethical culture helps form the backbone of NN's
mission to provide high-quality products to our customers," stated
Robert Brunner, Chairman of the
Board. "We are pleased that Elvin will take on this important
role to help us maintain our performance as an ethically sound,
world-class company."
Tyler has over 25 years of broad experience in internal audit,
risk management, and corporate governance. Tyler joined NN in
2016 as Director of Internal Audit, with responsibility for NN's
global internal audit function. Tyler earned a Bachelor of
Science degree in accounting from San
Francisco State University and his MBA from the Masagung
Graduate School of Management at the University of San Francisco.
NN, Inc., a diversified industrial company combines advanced
engineering and production capabilities with in-depth materials
science expertise to design and manufacture high-precision
components and assemblies for a variety of markets on a global
basis. NN has 36 manufacturing facilities in North America, Western Europe, Eastern Europe, South America and China.
Except for specific historical information, many of the
matters discussed in this press release may express or imply
projections of revenues or expenditures, statements of plans and
objectives or future operations or statements of future economic
performance. These, and similar statements, are forward-looking
statements concerning matters that involve risks, uncertainties and
other factors which may cause the actual performance of NN, Inc.
and its subsidiaries to differ materially from those expressed or
implied by this discussion. All forward-looking information is
provided by the Company pursuant to the safe harbor established
under the Private Securities Litigation Reform Act of 1995 and
should be evaluated in the context of these factors.
Forward-looking statements generally can be identified by the use
of forward-looking terminology such as "assumptions", "target",
"guidance", "outlook", "plans", "projection", "may", "will",
"would", "expect", "intend", "estimate", "anticipate", "believe",
"potential" or "continue" (or the negative or other derivatives of
each of these terms) or similar terminology. Factors which could
materially affect actual results include, but are not limited to:
general economic conditions and economic conditions in the
industrial sector, inventory levels, regulatory compliance costs
and the Company's ability to manage these costs, start-up costs for
new operations, debt reduction, competitive influences, risks that
current customers will commence or increase captive production,
risks of capacity underutilization, quality issues, availability
and price of raw materials, currency and other risks associated
with international trade, the Company's dependence on certain major
customers, and the successful implementation of the global growth
plan including development of new products. Similarly, statements
made herein and elsewhere regarding pending and completed
transactions are also forward-looking statements, including
statements relating to the future performance and prospects of an
acquired business, the expected benefits of an acquisition on the
Company's future business and operations and the ability of the
Company to successfully integrate recently acquired businesses or
the possibility that the Company will be unable to execute on the
intended redeployment of proceeds from a divestiture, whether due
to a lack of favorable investment opportunities or
otherwise.
For additional information concerning such risk factors and
cautionary statements, please see the section titled "Risk Factors"
in the Company's periodic reports filed with the Securities and
Exchange Commission, including, but not limited to, the Company's
Annual Report on Form 10-K for the fiscal year ended December 31, 2016. Except as required by law, we
undertake no obligation to update or revise any forward-looking
statements we make in our press releases, whether as a result of
new information, future events or otherwise.
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SOURCE NN, Inc.