Jason Industries, Inc. Names Brian K. Kobylinski President and Chief Executive Officer
November 18 2016 - 9:00AM
Jason Industries, Inc. (NASDAQ:JASN) (NASDAQ:JASNW) (“Jason” or
“the Company”), today announced Mr. Brian K. (“Koby”) Kobylinski
will transition to the role of President and Chief Executive
Officer, effective December 1, 2016, consistent with the Company’s
planned succession process. Mr. Jeffry N. Quinn will remain
Chairman of the board of directors.
“Since joining Jason earlier this year, Koby has been
aggressively addressing the operational issues within the
organization, strengthening our relationships with key customers
and driving cost synergies across our businesses,” said Quinn. “We
recruited Koby knowing he had the experience, skills and leadership
ability to be our next chief executive officer. I have seen the
positive impact he has had within the organization, and have full
confidence in his ability to lead Jason to achieve its full
potential.”
“We appreciate Jeff’s willingness to lead Jason during this past
year of transition and his ongoing commitment to supporting the
actions necessary to position Jason for its best future. His
high-caliber leadership, significant personal investment and
commitment to Jason’s long-term success will continue to serve the
Company well,” said Mitchell Quain, lead independent director of
Jason.
Prior to joining Jason, Mr. Kobylinski served as Executive Vice
President, Energy Segment and China for Actuant Corporation based
in Milwaukee. During his 23 years with Actuant, Kobylinski
progressed through a number of management roles, including Vice
President - Industrial and Energy Segments, Vice President –
Business Development and Global Business Leader – Hydratight. Mr.
Kobylinski received his masters of business administration from the
University of Wisconsin - Madison and his bachelors of art from St.
Norbert College.
About Jason Industries, Inc.The Company is the
parent company to a global family of manufacturing leaders within
the seating, finishing, components and automotive acoustics
markets, including DRONCO (Wunsiedel, Germany), Janesville
Acoustics (Southfield, Mich.), Metalex (Libertyville, Ill.), Milsco
(Milwaukee, Wis.), Osborn (Richmond, Ind. and Burgwald, Germany)
and Sealeze (Richmond, Va.). Headquartered in Milwaukee, Wis.,
Jason employs more than 4,400 people in 14 countries. To learn
more, please visit www.jasoninc.com.
Forward Looking StatementsThis press release
includes “forward-looking statements” within the meaning of the
“safe harbor” provisions of the United States Private Securities
Litigation Reform Act of 1995. Forward-looking statements may be
identified by the use of words such as “anticipate,” “believe,”
“expect,” “estimate,” “plan,” “guidance,” and “project” and other
similar expressions that predict or indicate future events or
trends or that are not statements of historical matters. Such
forward-looking statements include projected financial information.
Such forward-looking statements with respect to revenues, earnings,
performance, strategies, prospects and other aspects of the
Company’s businesses are based on current expectations that are
subject to risks and uncertainties. A number of factors could cause
actual results or outcomes to differ materially from those
indicated by such forward-looking statements. Such factors include,
but are not limited to, the level of demand for the Company’s
products; competition in the Company’s markets; the Company’s
ability to grow and manage growth profitably; the Company’s ability
to access additional capital; changes in applicable laws or
regulations; the Company’s ability to attract and retain qualified
personnel; the possibility that the Company may be adversely
affected by other economic, business and/or competitive factors;
and other risks and uncertainties identified in the Company’s most
recent Annual Report on Form 10-K, as such may be amended or
supplemented by subsequent Quarterly Reports on Form 10-Q or other
reports filed with the Securities and Exchange Commission.
The forward-looking statements contained in this press release
are based on assumptions that we have made in light of our industry
experience and our perceptions of historical trends, current
conditions, expected future developments and other factors we
believe are appropriate under the circumstances. As you review and
consider this press release, you should understand that these
statements are not guarantees of performance or results. They
involve risks, uncertainties (some of which are beyond our control)
and assumptions. Although we believe that these forward-looking
statements are based on reasonable assumptions, you should be aware
that many factors could affect our actual results and cause them to
differ materially from those anticipated in the forward-looking
statements.
Any forward-looking statement made by us in this press release
speaks only as of the date on which we make it. We undertake no
obligation to publicly update any forward-looking statement,
whether as a result of new information, future developments or
otherwise, except as may be required by law.
Contacts
Media: Melissa Zona
636.751.4057
mzona@jasoninc.com
Investors: Chad Paris
414.277.2007
investors@jasoninc.com
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