Gibraltar Industries Appoints Mark G. Barberio to its Board of Directors
June 06 2018 - 4:05PM
Business Wire
New Independent Director Strengthens Board’s
M&A and Diversified Manufacturing Experience
Gibraltar Industries (NASDAQ:ROCK), a leading manufacturer and
distributor of building products for the residential, industrial,
infrastructure, and renewable energy and conservation markets,
today announced the appointment of Mark G. Barberio to the
Company’s Board of Directors, effective immediately. Barberio
becomes the sixth independent director on Gibraltar’s seven-member
board.
“I am pleased to welcome Mark to the Gibraltar Board. Mark’s
business background, coupled with his deep expertise in mergers and
acquisitions, complement the capabilities of our Board and support
Gibraltar’s strategic focus. I look forward to his contributions as
we continue to execute against our four-pillar strategy of value
creation, including operational excellence, product innovation,
portfolio management and acquisitions,” said Bill Montague,
Chairman of the Board.
Barberio, 56, is principal of Markapital, LLC, a business and
M&A consulting firm. Prior to forming Markapital, he led Mark
IV, LLC (now Dayco, LLC), a global diversified manufacturing
company (formerly NYSE:IV), where he served in a variety of
positions, most recently as Co-CEO and CFO. Barberio is an
independent director of Life Storage, Inc. (NYSE:LSI) since 2015
and in May 2018 was elected Non-Executive Chairman. He is also a
member of the Board of Exide Technologies, a privately held global
energy storage solutions company. Barberio holds a BS in Business -
Accounting from Rochester Institute of Technology and a MBA from
SUNY at Buffalo.
“Mark brings more than 25 years of senior management and board
experience across a variety of industries and in both public and
private companies. This experience will provide significant value
as Gibraltar continues its transformation toward becoming an
engineered solutions and products-based portfolio company”, said
President and CEO Frank Heard.
Barberio stated “I look forward to working closely with
Gibraltar’s Board and the leadership team as they continue to
pursue value creation for their shareholders.”
About GibraltarGibraltar Industries is a leading
manufacturer and distributor of building products for the
residential, industrial, infrastructure, 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
http://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
macroeconomic factors including government monetary and trade
policies, such as tariffs and expiration of tax credits along with
currency fluctuations and general political conditions. Other risks
and uncertainties that arise from time to time are described in
Item 1A “Risk Factors” of the Company’s Annual Report on Form 10-K.
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: https://www.businesswire.com/news/home/20180606006319/en/
Gibraltar IndustriesTimothy Murphy, 716-826-6500 ext. 3277Chief
Financial Officertfmurphy@gibraltar1.com
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