SCHAUMBURG, IL – Global Brass and Copper Holdings, Inc. (“GBC”) today announced the promotion of John J. Wasz to Chief Operating Officer. Mr. Wasz has served as the President of Olin Brass, GBC’s largest division, since January 2010.
As Chief Operating Officer, Mr. Wasz will be accountable for the strategic and operational direction of all GBC companies. Dan Becker, President of A.J. Oster, and Devin Denner, President of Chase Brass, will now report to Mr. Wasz. In addition to fulfilling these new accountabilities, Mr. Wasz will continue as the President of Olin Brass.
“Since joining our organization two years ago, John has effectively led the Olin Brass executive team in implementing transformative change throughout the organization,” said John J. Walker, Chief Executive Officer of GBC. “As we continue to battle adverse market conditions, John will build upon recent successes in all of our businesses to further optimize near-term performance while simultaneously enhancing the long-term value of Global Brass and Copper.”
Mr. Wasz has filled various commercial, supply chain, metals management, and executive leadership roles throughout his thirty-year metals career. Immediately prior to joining GBC, Mr. Wasz was Executive Vice President and President Rolled Products for Aleris International, Inc.
About Global Brass and Copper Holdings, Inc.
Headquartered in Schaumburg, Illinois, Global Brass and Copper Holdings, Inc., (“GBC”) is a leading manufacturer and distributor of copper and copper-alloy strip, sheet, plate, foil, rod and fabricated components in North America and one of the largest in the world. GBC employs approximately 1900 employees worldwide, most of whom are employed through one of its wholly-owned subsidiaries. The companies of GBC, which include GBC Metals, LLC doing business as Olin Brass, Chase Brass, LLC, and A.J. Oster, LLC, and their divisions and subsidiaries, operate manufacturing and distribution facilities in Illinois, Ohio, Rhode Island, Connecticut, California, Mexico, and Puerto Rico, along with joint ventures in Japan and China. GBC’s companies market and sell products under a variety of trademarks and trade names including Olin Brass, Chase Brass, Fineweld Tube, Somers Thin Strip, Blue Dot, Green Dot, Eco Brass, and CuVerro. For further information visit www.gbcmetals.com.
GBC is owned by KPS Capital Partners, LP, the manager of the KPS Special Situations Funds, a family of private equity limited partnerships with over $2.7 billion of assets under management focused on constructive investing in restructurings, turnarounds, and other special situations. The KPS investment strategy and portfolio companies are described in detail at the firm’s website: www.kpsfund.com.
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