FORT WORTH, Texas, Feb. 24, 2014 /PRNewswire/ -- AZZ
incorporated (NYSE:AZZ), a global provider of electrical
products and services and a provider of galvanizing services, today
announced that Mr. Dana Perry,
senior vice president of finance, chief financial officer and
secretary of AZZ, will retire effective May
31, 2014. Mr. Paul W.
Fehlman has agreed to join the company and will transition
into the company's roles of senior vice president of finance, chief
financial officer and secretary of AZZ.
Paul Fehlman's background is well
suited to AZZ's current and future business. He brings a
strong track record of accomplishments with more than 20 years of
senior level finance experience. He has served in a variety of
positions, including treasury, financial planning and analysis,
investor relations and operating financial roles during his
career. He was most recently with Flowserve Corporation in
Irving, Texas, serving as Vice
President Finance for the Engineered Products Division, and also
previously held roles as Vice President Treasurer and Vice
President Financial Planning and Analysis and Investor Relations at
Flowserve. Mr. Fehlman has extensive experience in
international finance and operations serving similar industrial
manufacturing and energy markets to those of AZZ. Mr. Fehlman holds
a BS degree in Business Administration from California Polytechnic
State University San Luis Obispo and an MBA from Cornell University's S.C. Johnson Graduate School
of Management.
An AZZ employee for the past 39 years, Mr. Perry is a member of
the Company's Board of Directors and will continue in that capacity
for the foreseeable future. Mr. Perry will work closely with Mr.
Fehlman to effect a seamless transition.
Tom Ferguson, president and chief
executive officer of AZZ incorporated, commented, "I am pleased
with the addition of Paul Fehlman to
the team, as he brings a broad base of experience that will prove
to be instrumental in growing our business both domestically and
internationally. I am grateful to Dana Perry for his support as I have
transitioned into the position as CEO of AZZ, and I know that he
will be a great resource to Paul in sharing his broad experience
and deep knowledge of AZZ's history and business operations in the
upcoming months. Dana has been intimately involved in executing on
the strategic plan that has positioned AZZ as one of the leaders in
our industry. I am thankful and confident that Dana, as a member of
our Board, will continue to provide our team with his advice and
support as we move forward in the next step of our
development."
AZZ incorporated is a global provider of specialty electrical
equipment and highly engineered services to the power generation,
transmission, distributions, and industrial markets as well as a
leading provider of hot dip galvanizing services to the North
American steel fabrication market.
Certain statements herein about our expectations of
future events or results constitute forward-looking statements for
purposes of the safe harbor provisions of The Private Securities
Litigation Reform Act of 1995. You can identify forward-looking
statements by terminology such as, "may," "should," "expects,"
"plans," "anticipates," "believes," "estimates," "predicts,"
"potential," "continue," or the negative of these terms or other
comparable terminology. Such forward-looking statements are based
on currently available competitive, financial and economic data and
management's views and assumptions regarding future events. Such
forward-looking statements are inherently uncertain, and investors
must recognize that actual results may differ from those expressed
or implied in the forward-looking statements. This release may
contain forward-looking statements that involve risks and
uncertainties including, but not limited to, changes in customer
demand and response to products and services offered by AZZ,
including demand by the power generation markets, electrical
transmission and distribution markets, the industrial markets, and
the hot dip galvanizing markets; prices and raw material cost,
including zinc and natural gas which are used in the hot dip
galvanizing process; changes in the economic conditions of the
various markets that AZZ serves, foreign and domestic, customer
request delays of shipments, acquisition opportunities, currency
exchange rates, adequacy of financing, and availability of
experienced management employees to implement AZZ's growth
strategy. AZZ has provided additional information regarding risks
associated with the business in AZZ's Annual Report on Form 10-K
for the fiscal year ended February 28,
2013 and other filings with the SEC, available for viewing
on AZZ's website at www.azz.com and on the SEC's website at
www.sec.gov. You are urged to consider these factors
carefully in evaluating the forward-looking statements herein and
are cautioned not to place undue reliance on such forward-looking
statements, which are qualified in their entirety by this
cautionary statement. These statements are based on information as
of the date hereof and AZZ assumes no obligation to update any
forward-looking statements, whether as a result of new information,
future events, or otherwise.
Contact:
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Tom Ferguson, Chief
Executive Officer
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Dana Perry, Chief
Financial Officer
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AZZ incorporated
817-810-0095
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Internet:
www.azz.com
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Lytham Partners
602-889-9700
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Joe Dorame or Robert
Blum
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Internet:
www.lythampartners.com
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SOURCE AZZ incorporated