Kaiser Aluminum Announces Appointment of Chief Accounting Officer to Replace Outgoing Vice President and Controller
April 03 2007 - 8:00AM
Business Wire
Kaiser Aluminum (NASDAQ:KALU) today announced that Lynton Rowsell
has been appointed Chief Accounting Officer to assume all the
external reporting responsibilities of vice president and
controller, Daniel D. Maddox, whose employment agreement ended on
March 31, 2007. Mr. Maddox and the company have entered into a
three month consulting arrangement. In anticipation of Mr. Maddox�s
departure, Mr. Rowsell joined the company in October 2006 as
director of external reporting. �We are very grateful for Dan�s
many contributions over more than a decade as well as his work and
dedication related to our emergence,� said Jack A. Hockema,
chairman, president and CEO of Kaiser Aluminum. �We are also
thankful to Dan for ensuring the successful transition of his
critical roles and responsibilities to Lynton. We wish Dan well and
look forward to Lynton playing a more significant role in our
future.� Mr. Rowsell has been working closely with Mr. Maddox for
the past six months in his role as director of external reporting.
Prior to joining Kaiser Aluminum in October 2006, Mr. Rowsell
worked as assistant corporate controller for GeoLogistics, a
freight forwarding company with revenues of approximately $2
billion. Prior to joining GeoLogistics, Mr. Rowsell was associated
with the accounting firm of Ernst & Young, completing his
tenure as audit senior manager. Kaiser Aluminum is a leading
producer of fabricated aluminum products for aerospace and
high-strength, general engineering, and automotive and custom
industrial applications. The company has more than 2,000 employees
and 11 plants in North America and produces more than 500 million
pounds annually of value-added sheet, plate, extrusions, forgings,
rod, bar and tube. For more information, please see
www.kaiseraluminum.com. Certain statements in this release relate
to future events and expectations and, as a result, constitute
forward-looking statements involving known and unknown risks and
uncertainties that may cause actual results, performance or
achievements of the company to be different from those expressed or
implied in the forward-looking statements. Important factors that
could cause actual results to differ materially from those in the
forward-looking statements include: (a) the effectiveness of the
transition described in the release, (b) the effectiveness of
management's strategies and decisions; and (c) the other risk
factors summarized in the company's Form 10-K for the year ended
December 31, 2006, and other reports filed with the Securities and
Exchange Commission.
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