Global Brass and Copper Holdings, Inc. Appoints Bill Toler President of Olin Brass
December 22 2014 - 4:15PM
Business Wire
Global Brass and Copper Holdings, Inc. (NYSE: BRSS) (“GBC” or
the “Company”) today announced that Bill Toler assumed the role of
President of GBC Metals, LLC (d/b/a Olin Brass) effective December
19, 2014.
“Bill’s proven leadership, deep expertise within the industry,
and his success in organizing and leading capable teams will
accelerate the pace of improvement across Olin Brass. I look
forward to working more closely with him as we enhance the
profitability of the Olin Brass segment, while further
strengthening our foundation for long-term performance,” stated
John Wasz, Global Brass and Copper’s Chief Executive Officer.
Mr. Toler joined Olin Brass in March of 2011 as Vice President
of Finance and Information Technology. Most recently, Mr. Toler was
President of Olin Brass’ Mill Products division. Prior to joining
the Company, Bill worked in a variety of executive leadership and
finance roles in the metals industry.
Mr. Toler graduated from Campbellsville University with a
bachelor’s degree in Business Administration and completed the
Advanced Management Program at the Harvard Business School.
GBC Metals, LLC, doing business as Olin Brass, is a wholly owned
subsidiary of Global Brass and Copper, Inc. and among the world’s
leaders in a variety of specialized copper, brass and other metal
products.
About Global Brass and Copper
Global Brass and Copper Holdings, Inc. through its wholly-owned
principal operating subsidiary, Global Brass and Copper, Inc., is a
leading, value-added converter, fabricator, distributor and
processor of specialized copper and brass products in North
America. We engage in metal melting and casting, rolling, drawing,
extruding and stamping to fabricate finished and semi-finished
alloy products from processed scrap, copper cathode and other
refined metals. Our products include a wide range of sheet, strip,
foil, rod, tube and fabricated metal component products that we
sell under the Olin Brass, Chase Brass and A.J. Oster brand
names. Our products are used in a variety of applications across
diversified end markets, including the building and housing,
munitions, automotive, transportation, coinage,
electronics/electrical components, industrial machinery and
equipment and general consumer end markets.
Cautionary Statement Concerning Forward-Looking
Statements
This press release contains “forward-looking statements” that
involve risks and uncertainties. You can identify forward-looking
statements because they contain words such as “believes”,
“expects”, “projects”, “may”, “would”, “should”, “seeks”,
“approximately”, “intends”, “plans”, “estimates”, “anticipates” or
similar expressions that relate to our strategy, plans or
intentions. All statements the Company makes relating to its
estimated and projected earnings, margins, costs, expenditures,
cash flows, growth rates and financial results or to its
expectations regarding future industry trends are forward-looking
statements. In addition, the Company, through its senior
management, from time to time makes or may make forward-looking
public statements concerning its expected future operations and
performance and other developments. These forward-looking
statements are subject to known and unknown risks, uncertainties
and other factors that may change at any time, and, therefore, the
Company’s actual results may differ materially from those that it
expected. The Company derives many of its forward-looking
statements from its operating budgets and forecasts, which are
based upon many detailed assumptions. While the Company believes
that its assumptions are reasonable, it is very difficult to
predict the impact of known factors, and, of course, it is
impossible to anticipate all factors that could affect the
Company’s actual results. Actual results may differ materially from
these expectations due to various risks and uncertainties,
including: the failure to maintain the Company’s balanced book
approach which could cause increased volatility in the Company’s
profitability and operating results and may result in significant
losses; the loss in order volumes from any of the Company’s largest
customers, which may reduce the Company’s sales volumes, revenues
and cash flows; the disruption to the Company’s business if its
customers shift their manufacturing offshore; the occurrence of any
prolonged disruptions at or failures of the Company’s manufacturing
facilities and equipment which could have a material adverse effect
on its business, financial condition, results of operations and
cash flows; disruptions arising from inclement weather, and the
failure to implement the Company’s business strategy, including its
growth initiatives, could adversely affect its business, financial
condition, results of operations or cash flows. More detailed
information about these and other risks and uncertainties are
contained in the Company’s filings with the Securities and Exchange
Commission, including under “Risk Factors” and elsewhere in our
Annual Report on Form 10-K filed with the Securities and Exchange
Commission on March 19, 2014 and subsequent Quarterly Reports on
Form 10-Q, copies of which may be obtained by visiting the
Company’s Investor Relations website at http://ir.gbcholdings.com
or the SEC’s website at www.sec.gov. All forward-looking
information in this press release is expressly qualified in its
entirety by these cautionary statements. All forward-looking
statements contained in this press release are based upon
information available to the Company on the date of this press
release. In addition, the matters referred to in the
forward-looking statements contained in this press release may not
in fact occur. Accordingly, investors should not place undue
reliance on those statements. The Company undertakes no obligation
to publicly update or revise any forward-looking statement as a
result of new information, future events or otherwise, except as
otherwise required by law.
Global Brass and Copper Holdings, Inc.Robert MicchelliChief
Financial Officer(847) 240-4700orFTI ConsultingDavid Beré(312)
252-4035
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