Gibraltar Industries Appoints Timothy Murphy as Chief Financial Officer
March 24 2017 - 8:00AM
Business Wire
Gibraltar VP, Treasurer and Secretary Brings
Strong Financial Acumen and Experience Building Value at
Gibraltar
Gibraltar Industries, Inc. (Nasdaq: ROCK), a leading
manufacturer and distributor of building products for industrial,
infrastructure, residential, and renewable energy and conservation
markets, today announced the appointment of Timothy Murphy as Chief
Financial Officer effective April 1. Mr. Murphy, who is currently
Vice President, Treasurer and Secretary at Gibraltar, will succeed
Kenneth Smith, who had previously announced his intention to
retire. Mr. Smith will continue with Gibraltar for a transition
period.
“Tim brings strong financial acumen, a deep understanding of
Gibraltar’s business drivers and high-level strategic thinking to
his new role as chief financial officer,” said Chief Executive
Officer Frank Heard. “Tim was a key player in implementing our
80/20 initiatives and his experience at Gibraltar involved him in
all four of our strategic pillars. Now, we look forward to his
contributions as chief financial officer as we continue to drive
our transformation efforts and generate improved financial
performance. Tim is the ideal candidate to lead our finance team
and build on Ken Smith’s accomplishments.”
“On behalf of the Gibraltar team, I want to thank Ken for his
dedication and contributions during his nine-year tenure as chief
financial officer. Ken’s strong and effective leadership has been
instrumental to our success, and will leave a lasting positive
effect as we continue to drive best-in-class performance. We wish
him all the best in his retirement.”
Mr. Murphy, age 53, joined Gibraltar in 2004 as Director of
Financial Reporting. He then held senior positions in the Treasury
Operations department, and has been Vice President and Secretary of
the Company since 2012, and Treasurer since 2013. His experience at
Gibraltar includes overseeing bank and rating agency relationships,
refinancing activities, including the completion of the current
$300 million revolving credit agreement and a $210 million bond
offering, screening prospective M&A targets, leading due
diligence and coordinating acquisition integration activities.
Prior to joining Gibraltar, Mr. Murphy was Senior Manager at KPMG,
where his concentration was on manufacturing clients. Mr. Murphy
has a B.A. in Economics and an MBA from State University of New
York – Buffalo.
About GibraltarGibraltar Industries is a leading
manufacturer and distributor of building products for industrial,
infrastructure, residential, and renewable energy and conservation
markets. With a four-pillar strategy focused on operational
improvement, product innovation, acquisitions and portfolio
management, Gibraltar’s mission is to drive best-in-class
performance. Gibraltar serves customers primarily throughout North
America, and to a lesser extent Asia. Comprehensive information
about Gibraltar can be found on its website at
www.gibraltar1.com.
Safe Harbor StatementInformation contained in this news
release, other than historical information, contains
forward-looking statements and is subject to a number of risk
factors, uncertainties, and assumptions. Risk factors that could
affect these statements include, but are not limited to, the
following: the availability of raw materials and the effects of
changing raw material prices on the Company’s results of
operations; energy prices and usage; changing demand for the
Company’s products and services; changes in the liquidity of the
capital and credit markets; risks associated with the integration
and performance of acquisitions; and changes in interest and tax
rates. In addition, such forward-looking statements could also be
affected by general industry and market conditions, as well as
general economic and political conditions. The Company undertakes
no obligation to update any forward-looking statements, whether as
a result of new information, future events or otherwise, except as
may be required by applicable law or regulation.
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version on businesswire.com: http://www.businesswire.com/news/home/20170324005284/en/
Sharon Merrill AssociatesDavid Calusdian, 617-542-5300Investor
Relationsdcalusdian@investorrelations.com
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