HC2 Holdings Announces Appointment of Julie Springer, TransUnion Chief Marketing and Communications Officer, to its Board of ...
February 11 2020 - 4:30PM
HC2 Holdings, Inc. (“HC2” or the “Company”) (NYSE: HCHC), a
diversified holding company, is pleased to announce the appointment
of Julie Springer to its Board of Directors, effective
immediately. Ms. Springer is a highly talented executive with
more than 20 years of experience in both business-to-business and
consumer marketing, having served in prior leadership roles at
Experian, Analyte Media, Leapfrog Online and the Allant
Group. Ms. Springer’s appointment expands the size of HC2’s
Board of Directors from five directors to six.
Ms. Springer currently serves as Chief Marketing
and Communications Officer for TransUnion and serves on the Board
of Directors of the Jump$tart Coalition for Personal Financial
Literacy. She also serves as an advisor to several national
start-up organizations.
“We are excited to welcome Julie to our Board
during an important time in HC2’s continued evolution,” said Philip
Falcone, Chairman, President and Chief Executive Officer of
HC2. “Julie is a recognized and innovative leader in
marketing and branding, whose extensive experience will be
instrumental in helping HC2 further refine and effectively
communicate its overall strategy. The breadth of her expertise will
be instrumental to HC2 as we continue to execute on further
strengthening our balance sheet while focusing additional effort on
our highest growth businesses.”
“HC2 is at an exciting and pivotal time in the
organization’s progression, and one in which it will be critical to
align the company’s strategy with its overall market
position. I am delighted to join the Board of Directors and
look forward to contributing to HC2’s success,” commented Ms.
Springer.
About HC2
HC2 Holdings, Inc. is a publicly traded (NYSE:
HCHC) diversified holding company, which seeks opportunities to
acquire and grow businesses that can generate long-term sustainable
free cash flow and attractive returns in order to maximize value
for all stakeholders. HC2 has a diverse array of operating
subsidiaries across eight reportable segments, including
Construction, Marine Services, Energy, Telecommunications, Life
Sciences, Broadcasting, Insurance and Other. HC2’s largest
operating subsidiaries include DBM Global Inc., a family of
companies providing fully integrated structural and steel
construction services, and Global Marine Systems Limited, a leading
provider of engineering and underwater services on submarine
cables. Founded in 1994, HC2 is headquartered in New York, New
York. Learn more about HC2 and its portfolio companies at
www.hc2.com.
Cautionary Statement Regarding
Forward-Looking Statements
Safe Harbor Statement under the Private
Securities Litigation Reform Act of 1995: This press release
contains, and certain oral statements made by our representatives
from time to time may contain, forward-looking statements.
Generally, forward-looking statements include information
describing actions, events, results, strategies and expectations
and are generally identifiable by use of the words “believes,”
“expects,” “intends,” “anticipates,” “plans,” “seeks,” “estimates,”
“projects,” “may,” “will,” “could,” “might,” or “continues” or
similar expressions. The forward-looking statements in this press
release include, without limitation, any statements regarding HC2’s
balance sheet, highest growth businesses and alignment of strategy
with overall market position. Such statements are based on
the beliefs and assumptions of HC2’s management and the management
of HC2’s subsidiaries and portfolio companies. The Company
believes these judgments are reasonable, but you should understand
that these statements are not guarantees of performance or results,
and the Company’s actual results could differ materially from those
expressed or implied in the forward-looking statements due to a
variety of important factors, both positive and negative, that may
be revised or supplemented in subsequent statements and reports
filed with the Securities and Exchange Commission (“SEC”),
including in our reports on Forms 10-K, 10-Q, and 8-K. Such
important factors include, without limitation, issues related to
the restatement of our financial statements; the fact that we have
historically identified material weaknesses in our internal control
over financial reporting, and any inability to remediate future
material weaknesses; capital market conditions, including the
ability of HC2 and HC2’s subsidiaries to raise capital; the ability
of HC2’s subsidiaries and portfolio companies to generate
sufficient net income and cash flows to make upstream cash
distributions; volatility in the trading price of HC2 common stock;
the ability of HC2 and its subsidiaries and portfolio companies to
identify any suitable future acquisition or disposition
opportunities; our ability to realize efficiencies, cost savings,
income and margin improvements, growth, economies of scale and
other anticipated benefits of strategic transactions; difficulties
related to the integration of financial reporting of acquired or
target businesses; difficulties completing pending and future
acquisitions and dispositions; effects of litigation,
indemnification claims, and other contingent liabilities; changes
in regulations and tax laws; and risks that may affect the
performance of the operating subsidiaries and portfolio companies
of HC2. Although HC2 believes its expectations and
assumptions regarding its future operating performance are
reasonable, there can be no assurance that the expectations
reflected herein will be achieved. These risks and other
important factors discussed under the caption “Risk Factors” in our
most recent Annual Report on Form 10-K filed with the SEC, and our
other reports filed with the SEC could cause actual results to
differ materially from those indicated by the forward-looking
statements made in this press release.
You should not place undue reliance on
forward-looking statements. All forward-looking statements
attributable to HC2 or persons acting on its behalf are expressly
qualified in their entirety by the foregoing cautionary
statements. All such statements speak only as of the date
made, and unless legally required, HC2 undertakes no obligation to
update or revise publicly any forward-looking statements, whether
as a result of new information, future events or otherwise.
Contact:Investor Relations
Garrett Edson ir@hc2.com (212) 235-2691
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