SCHAUMBURG, Ill.--(BUSINESS WIRE)--Jan. 20, 2014-- Global Brass and Copper Holdings, Inc. (NYSE: BRSS) (“GBC” or the “Company”) today announced that Jeffrey Byrd will assume the role of Vice President, Marketing and Sales of Olin Brass Mill Products, effective immediately. Olin Brass Mill Products is a division of GBC Metals, LLC (d/b/a Olin Brass), GBC’s largest subsidiary.
“Jeff’s prior experience with strategic deployment, rigorous business systems integration and comprehensive supply chain management will catalyze crucial components of our strategic framework,” said Bill Toler, President of Olin Brass Mill Products. “We’re excited to welcome Jeff to our team and employ his unique skill set quickly.”
With this role, Mr. Byrd assumes accountability for leading all aspects of Mill Product’s commercial efforts, synchronizing Olin Brass’s marketing and sales planning process and championing further development and expansion of GBC’s CuVerro® product line.
Mr. Byrd joined GBC in 2012, with 25 years of prior metals industry experience, to help integrate key business systems across the corporation. He most recently served as the Vice President of Operations and Supply Chain at the Company’s A.J. Oster subsidiary. During his career, Mr. Byrd has held a wide variety of global and domestic Materials, Commercial, Supply Chain and Manufacturing leadership roles.
Mr. Byrd succeeds Tom Werner who has announced his intent to retire at the end of this year. Mr. Werner joined Olin Brass in 2010 to lead the Company’s commercial transformation. “In addition to refocusing Olin Brass’s external presence and perspective, Tom has provided critical leadership in reinvigorating our bactericidal copper efforts, elevating CuVerro® from an intriguing concept to a market reality,” explained Toler.
“Tom will help ensure Jeff’s successful transition into role and will remain a valuable member of the executive team, reporting to me as the Executive Advisor, Business Development, through the remainder of the year,” Toler concluded.
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 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 the Company 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, the Company cautions that 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; 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 Form S-1 Registration Statement filed with the Securities and Exchange Commission on November 26, 2013, in Item 1A “Risk Factors” and elsewhere in the Company’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2013 and in the Company’s other filings with the Securities and Exchange Commission. 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.