FORT WORTH, Texas, Oct. 13, 2020 /PRNewswire/ -- AZZ Inc.
(NYSE: AZZ), a global provider of metal coating solutions,
welding solutions, specialty electrical equipment and highly
engineered services today announced the promotion of Gary Hill to
Chief Operating Officer of Infrastructure Solutions. The Company
also announced its intent to rename the Energy Segment to
Infrastructure Solutions, more accurately reflecting the strategic
focus of the segment going forward.
Mr. Hill joined AZZ in 2013, when the Company acquired Aquilex
Specialty Repair and Overhaul LLC ("Aquilex SRO"). Mr. Hill has
held leadership positions of increasing responsibility throughout
his collective twelve years in the business, and most recently, he
served as President and General Manager – Industrial platform.
The promotion is consistent with an earlier announcement in
June, when the Company named Bryan
Stovall to Chief Operating Officer of AZZ's Metal Coatings
segment and consolidated both Galvanizing and Powder Coating and
Plating operating platforms throughout North America.
Tom Ferguson, President and Chief
Executive Officer of AZZ, commented, "I am pleased to announce the
promotion of Gary Hill as Chief Operating Officer of Infrastructure
Solutions. Gary is a proven results-driven leader and has
been instrumental in overseeing the strategic development of our
Industrial platform. I am confident that consolidating the
Electrical Systems and Industrial operating platforms under his
leadership will result in a more successful Infrastructure
Solutions segment in the future."
About AZZ Inc.
AZZ Inc. is a global provider of metal coating solutions,
welding solutions, specialty electrical equipment and highly
engineered services to the markets of power generation,
transmission, distribution and industrial in protecting metal and
electrical systems used to build and enhance the world's
infrastructure. AZZ Metal Coatings is a leading provider of metal
finishing solutions for corrosion protection, including hot dip
galvanizing to the North American steel fabrication industry. AZZ
Infrastructure Solutions (formerly Energy) is dedicated to
delivering safe and reliable transmission of power from generation
sources to end customers, and automated weld overlay solutions for
corrosion and erosion mitigation to critical infrastructure in the
energy markets worldwide.
Safe Harbor Statement
Certain statements herein about our expectations of
future events or results constitute forward-looking statements for
purposes of the safe harbor provisions of The Private Securities
Litigation Reform Act of 1995. You can identify forward-looking
statements by terminology such as "may," "should," "expects,"
"plans," "anticipates," "believes," "estimates," "predicts,"
"potential," "continue," or the negative of these terms or other
comparable terminology. Such forward-looking statements are based
on currently available competitive, financial and economic data and
management's views and assumptions regarding future events. Such
forward-looking statements are inherently uncertain, and investors
must recognize that actual results may differ from those expressed
or implied in the forward-looking statements. Certain factors could
affect the outcome of the matters described herein. This press
release may contain forward-looking statements that involve risks
and uncertainties including, but not limited to, changes in
customer demand for our products and services, including demand by
the power generation markets, electrical transmission and
distribution markets, the industrial markets, and the metal
coatings markets. In addition, within each of the markets we
serve, our customers and our operations could potentially be
adversely impacted by the ongoing COVID-19 pandemic. We could
also experience fluctuations in prices and raw material cost,
including zinc and natural gas which are used in the hot dip
galvanizing process; supply-chain vendor delays; customer requested
delays of our products or services; delays in additional
acquisition opportunities; currency exchange rates; adequacy of
financing; availability of experienced management and employees to
implement AZZ's growth strategy; a downturn in market conditions in
any industry relating to the products we inventory or sell or the
services that we provide; economic volatility or changes in the
political stability in the United
States and other foreign markets in which we operate; acts
of war or terrorism inside the United
States or abroad; and other changes in economic and
financial conditions. AZZ has provided additional information
regarding risks associated with the business in AZZ's Annual Report
on Form 10-K for the fiscal year ended February 29, 2020 and other filings with the
Securities and Exchange Commission ("SEC"), available for viewing
on AZZ's website at www.azz.com and on the SEC's
website at www.sec.gov. You are urged to
consider these factors carefully in evaluating the forward-looking
statements herein and are cautioned not to place undue reliance on
such forward-looking statements, which are qualified in their
entirety by this cautionary statement. These statements are based
on information as of the date hereof and AZZ assumes no
obligation to update any forward-looking statements, whether as a
result of new information, future events, or otherwise.
Company Contact:
David Nark,
Senior Vice President of Marketing, Communications and
Investor Relations
AZZ Inc.
(817) 810-0095
www.azz.com
Investor Contact:
Joe
Dorame, Managing Partner
Lytham Partners
(602) 889-9700
www.lythampartners.com
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SOURCE AZZ Inc.