Wern-Lirn (Paul) Wang Named Xerium - President of Asia
March 18 2014 - 4:27PM
Harold Bevis, the President and CEO of Xerium Technologies, Inc.
(NYSE:XRM), a leading global provider of industrial consumable
products and services, announced today the hiring of Mr. Wern-Lirn
(Paul) Wang to the position of Xerium - President of Asia. Mr. Wang
will be based in Xerium's Asia headquarters office in Shanghai,
China and will have full responsibility for the fast-growing
Asia region. Mr. Wang will be responsible for delivering
Xerium-Asia's long-term and short-term business plans, maintaining
and strengthening customer relationships, leading improvement
initiatives and accelerating growth and profit rates.
Harold Bevis said "Xerium has a very successful and growing
business in Asia. Paul will be taking over a great business for
Xerium and taking it to the next level. Xerium is investing into
and expanding all 4 of its Asian plants and also is building a 5th
new, greenfield plant in Ba Cheng, China. Paul is a seasoned
international businessman with strengths in Asia. He adds a lot to
our Asian business and to our top executive team. He is Xerium's
first Asian national leader and we expect him to make a big
difference for the company. He will shape the Asian team under him,
refine the company's product offerings, expand our production
capabilities, and deepen our Value Results selling process."
"Xerium is an expert at creating productivity for our customers
and we have an arsenal of patented solutions," continued Mr. Bevis.
"Asia is an extremely important market for Xerium and it is
imperative that Xerium continue to profitably grow its Asian
business. We hope that one day Asia will be the biggest business
for Xerium. Mr. Paul Wang will lead all of our Asian efforts
and will help me lead the whole company as a top executive of the
company."
Wern-Lirn Wang said, "I am excited to join Xerium at this time
and am honored to accept this opportunity to lead the efforts of
Xerium's Asia region. It is my goal to ensure alignment with
the company's long-term strategy and address future market demands
and opportunities while establishing strong relationships with
critical regional customers. Our team will ensure the
infrastructure in the Asia region is in place to meet our
customer's expectations for new technology and high quality
products that are delivered at low costs with best-in-class
service. We will leverage the know-how of global Xerium to achieve
our expected financial outcomes."
Wern-Lirn (Paul) Wang Background
Highlights
- 30+ years of technical, operational, managerial and executive
leadership experience.
- Seasoned international leader with experience residing and
operating in China, USA, Taiwan and Hong Kong.
- Many years of full P&L responsibility with functional
leadership experiences including manufacturing, project management,
business development, sales and marketing.
- Tech savvy business leader with a balance of commercial and
operations experience; proven track record of organic growth and
hands-on experience with M&A, JV development and manufacturing
operations.
- Most recently, the CEO of Asia Timber Products where he led the
MDF & laminated flooring manufacturer in China with US$240
million in sales (4 plants across China & 2,200
employees). Turned the company around from a loss &
cash depleting position to $20+ million EBITDA.
- Prior to Asia Timber Products, held leadership positions at
Owens-Illinois, International Paper, PPG & Owens-Corning
Fiberglass.
- BS in Chemical Engineering from National Taiwan University, MS
in Chemical Engineering from Pennsylvania State University, MS in
Material Sciences & Engineering and an MBA from Massachusetts
Institute of Technology (MIT).
- Married with 3 children.
ABOUT XERIUM
Xerium Technologies, Inc. (NYSE:XRM) is a leading global
provider of industrial consumable products and services. Xerium,
which operates around the world under a variety of brand names,
utilizes a broad portfolio of patented and proprietary technologies
to provide customers with tailored solutions and products integral
to production, all designed to optimize performance and reduce
operational costs. With 28 manufacturing facilities in 12 countries
around the world, Xerium has approximately 3,200 employees.
FORWARD-LOOKING STATEMENTS
This press release contains forward-looking statements. The
words "believe," "estimate," "expect," "intend," "anticipate,"
"goals," variations of such words, and similar expressions identify
forward-looking statements, but their absence does not mean that
the statement is not forward-looking. Actual results may
differ materially from these forward-looking statements and
estimates as a result of various important factors, including,
without limitation, actual market growth in Asia, generally and for
the company, the other factors discussed in our annual report on
Form 10-K for the fiscal year ended December 31, 2013, and our
other SEC filings, all of which are on file with the SEC and are
available in the investor relations section of our website at
www.xerium.com. Any forward-looking statements are as of the
date hereof, and we assume no obligation to publicly update or
revise these forward-looking statements for any reason, whether as
a result of new information, future events, or otherwise, except as
may be required by law.
CONTACT: Xerium Technologies, Inc.
Phillip Kennedy
Investor Relations
919-526-1444
IR@xerium.com
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