NN, Inc. Selects Jami Statham as SVP & General Counsel
July 08 2024 - 9:00AM
NN, Inc. (NASDAQ: NNBR), a global diversified industrial company
that engineers and manufactures high-precision components and
assemblies, today announced the appointment of Jami Statham as the
Company’s new Senior Vice President, General Counsel and Corporate
Secretary, effective immediately. Statham will report directly to
NN’s Chief Executive Officer, Harold Bevis.
“We’re excited to have Jami on board and
leverage her deep experience guiding clients and companies through
pivotal moments,” said Harold Bevis, President and CEO of NN, Inc.
“I’ve already seen firsthand that Jami is focused, calm under
pressure, and not afraid to dig into problems quickly. Her
professional approach, her exposure to commercial and supply chain
activities, and her previous work with both public and private
companies will be a tremendous asset to our team.”
Statham brings more than 18 years of experience
in the legal field. She first worked as an attorney in private
practice, most recently in the corporate practice group of an AmLaw
200 law firm, and later as in-house counsel for three Tier 1
automotive suppliers. Before joining NN, Statham served as Deputy
General Counsel for Nexteer Automotive, a $4B Tier 1 automotive
supplier. There, she was lead counsel for the North American
division overseeing all legal matters including customer
negotiations, supply chain matters, and litigation, in addition to
other global responsibilities. She also held senior counsel
positions at Autoneum North America and Akebono Brake
Corporation.
“I’m thrilled to join the talented executive
team at NN and help them navigate the unique legal challenges that
come with operating as a global diversified manufacturing
enterprise,” said Statham. “I’ve spent much of my career advising
clients and internal partners on compliance matters, commercial
negotiations and supply chain agreements, and I’m excited by the
opportunity that lies ahead.”
About NN, Inc.NN, Inc., a
global 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. Headquartered in Charlotte, North Carolina, NN has
facilities in North America, Europe, South America, and Asia. For
more information about the company and its products, please visit
www.nninc.com.
FORWARD-LOOKING STATEMENTSThis
press release contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended,
which are intended to be covered by the safe harbor provisions of
the Private Securities Litigation Reform Act of 1995 and include
this statement for purposes of complying with these safe harbor
provisions. 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 statements may discuss goals, intentions, and
expectations as to future trends, plans, events, results of
operations or financial condition, or state other information
relating to NN, Inc. based on current beliefs of management as well
as assumptions made by, and information currently available to,
management. Forward-looking statements generally will be
accompanied by words such as “anticipate,” “believe,” “could,”
“estimate,” “expect,” “forecast,” “guidance,” “intend,” “may,”
“possible,” “potential,” “predict,” “project” or other similar
words, phrases or expressions. Forward-looking statements involve a
number of risks and uncertainties that are outside of management’s
control and that may cause actual results to be materially
different from such forward-looking statements. Such factors
include, among others, general economic conditions and economic
conditions in the industrial sector; the impacts of pandemics,
epidemics, disease outbreaks and other public health crises on our
financial condition, business operations and liquidity; competitive
influences; risks that current customers will commence or increase
captive production; risks of capacity underutilization; quality
issues; material changes in the costs and availability of raw
materials; economic, social, political and geopolitical
instability, military conflict, currency fluctuation, and other
risks of doing business outside of the United States; inflationary
pressures and changes in the cost or availability of materials,
supply chain shortages and disruptions, the availability of labor
and labor disruptions along the supply chain; our dependence on
certain major customers, some of whom are not parties to long-term
agreements (and/or are terminable on short notice); the impact of
acquisitions and divestitures, as well as expansion of end markets
and product offerings; our ability to hire or retain key personnel;
the level of our indebtedness; the restrictions contained in our
debt agreements; our ability to obtain financing at favorable
rates, if at all, and to refinance existing debt as it matures; new
laws and governmental regulations; the impact of climate change on
our operations; and cyber liability or potential liability for
breaches of our or our service providers’ information technology
systems or business operations disruptions. The foregoing factors
should not be construed as exhaustive and should be read in
conjunction with the sections entitled “Risk Factors” and
“Management’s Discussion and Analysis of Financial Condition and
Results of Operations” included in the Company’s filings made with
the Securities and Exchange Commission. Any forward-looking
statement speaks only as of the date of this press release, and the
Company undertakes no obligation to publicly update or review any
forward-looking statement, whether as a result of new information,
future developments or otherwise, except as required by law. New
risks and uncertainties may emerge from time to time, and it is not
possible for the Company to predict their occurrence or how they
will affect the Company. The Company qualifies all forward-looking
statements by these cautionary statements.
Contact:
Joe
Caminiti or Stephen Poe, InvestorsTim Peters or Emma Brandeis,
MediaNNBR@alpha-ir.com312-445-2870
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