FORT WORTH, Texas, Nov. 4, 2020 /PRNewswire/ -- AZZ Inc. (NYSE:
AZZ), a global provider of metal coating services, welding
solutions, specialty electrical equipment and highly engineered
services, today announced the appointment of Philip A. Schlom as Senior Vice President and
Chief Financial Officer of the Company, effectively
immediately. Mr. Schlom has been serving the Company as
Interim Chief Financial Officer since May
2020.
Mr. Schlom, 56, joined AZZ in October
2019 as the Vice President, Chief Accounting Officer. Mr.
Schlom is a highly experienced financial executive with more than
25 years of proven financial expertise with domestic and
international companies. Prior to joining the Company, Mr. Schlom
served as Vice President – Finance, Audit, Controls and Financial
Transformation of Exterran Corporation, a provider of energy
equipment and services to energy industry customers globally from
2017 to 2019. From 2009 to 2016, Mr. Schlom served in several
leadership roles at Parker Drilling Company, which provides
drilling services and rental tools to the energy industry,
including Vice President, Global Compliance and Internal Audit in
2014; Vice President, Finance in 2015; and Chief Accounting Officer
and Controller from 2009 to 2013. Prior to 2009, Mr. Schlom
held numerous accounting and leadership roles at Shared
Technologies, Inc., a leading North American unified communications
and managed services provider; Flowserve Corporation, one of the
world's leading providers of fluid motion and control products and
services; and PricewaterhouseCoopers (PWC), a global network of
firms that provide audit, assurance, tax, and advisory
services.
Tom Ferguson, President and Chief
Executive Officer of AZZ, commented, "We are pleased Philip Schlom has agreed to become our new Chief
Financial Officer. Philip brings proven experience that is well
suited to provide AZZ with the financial leadership to help drive
business improvement. Philip has been instrumental in strengthening
the Company's financial reporting controls, as well as leading AZZ
through the successful refinancing of its long-term debt. He
is a great addition to the leadership team, and I am confident that
Philip will provide the financial leadership necessary to continue
to execute on our strategic growth plan."
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.