ARC Group Worldwide Announces Chief Financial Officer Transition
August 31 2018 - 5:00PM
ARC Group Worldwide, Inc. (“ARC” or the “Company”) (NASDAQ: ARCW)
today announced Mr. Aaron Willman will join the Company’s
management team to serve as Chief Financial Officer of the
Company. Mr. Willman succeeds R. Brian Knaley, who will leave
the Company.
Mr. Willman has previously served as General Manager of the
Company’s ARC Stamping subsidiary since 2014, also known as Kecy
Metal Technologies (“Kecy”), one of the industry’s leading
precision metal stamping companies. Prior to his affiliation
with Kecy in 2013, Mr. Willman was employed by Plante Moran from
2008 to 2012 where he qualified for his CPA credentials and served
in their tax, consulting, and audits teams. Plante Moran is
the 14th largest certified public accounting and business advisory
firm in the United States offering audit, accounting, tax and
business advisory consulting services. Mr. Willman obtained
his bachelor’s degree at Bowling Green University with dual majors
in accounting and finance, with an additional concentration in
economics.
Alan Quasha, CEO of the Company, said: “The Board and I are very
pleased that Aaron Willman is joining the executive team. He
has performed well in his subsidiary management role and we look
forward to his continuing contributions.” Mr. Quasha also
commented, “We wish Mr. Knaley all the best in his future
endeavors.”
The effective date for the transition of the Chief Financial
Officer position will occur on the earlier of: (i) the first
business day following the filing of the Company’s annual report on
Form 10-K for the fiscal year ended June 30, 2018; or (ii)
September 20, 2018.
About ARC Group Worldwide
ARC Group Worldwide, Inc. is a global advanced
manufacturing and metal 3D printing service provider focused on
accelerating speed to market for its customers. ARC provides
a holistic set of precision manufacturing solutions, from design
and prototyping through full run production. These solutions
include metal injection molding, metal 3D printing, metal stamping,
plastic injection molding, clean room injection molding,
thixomolding, and rapid and conformal tooling. Further, ARC
utilizes technology to improve automation in manufacturing through
robotics, software and process automation, and lean manufacturing
to improve efficiency.
Forward Looking Statements
This press release may contain "forward-looking" statements as
defined in the Private Securities Litigation Reform Act of 1995,
which are based on ARC's current expectations, estimates, and
projections about future events. These include, but are not
limited to, statements, if any, regarding business plans, pro-forma
statements, and financial projections, including ARC's ability to
expand its services and realize growth. These statements are
not historical facts or guarantees of future performance, events,
or results. Such statements involve potential risks and
uncertainties, and the general effects of financial, economic, and
regulatory conditions affecting our industries. Accordingly,
actual results may differ materially. ARC does not have any
obligation to publicly update or revise any forward-looking
statements, whether as a result of new information, future events,
or otherwise. For further information on risks and
uncertainties that could affect ARC’s business, financial condition
and results of operations, readers are encouraged to review Item
1A. – Risk Factors and all other disclosures appearing in ARC’s
Form 10-K for the fiscal year ended June 30, 2017, as well as other
documents ARC files from time to time with the Securities and
Exchange Commission.
CONTACT:
Investor Relations
PHONE: (303) 467-5236Email:
InvestorRelations@arcw.com
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