FORT WORTH, Texas, Feb. 4, 2021 /PRNewswire/ -- AZZ Inc.
(NYSE:AZZ), a global provider of metal coating services,
welding solutions, specialty electrical equipment, and highly
engineered services, today announced the appointments of two new
independent directors, Carol R.
Jackson and Clive A. Grannum,
to AZZ's Board of Directors. Both Ms. Jackson and Mr. Grannum
will serve as directors until they stand for election at AZZ's next
Annual Shareholders meeting in July
2021.
Ms. Jackson currently serves as President, Chief Executive
Officer and Chairman of the Board of HarbisonWalker International,
the largest supplier of ceramic refractories in the U.S. with
operations in the U.S., Canada,
Mexico, Europe, and Southeast Asia, and commercial interests
globally. Prior to joining HarbisonWalker, Ms. Jackson held a
number of senior leadership roles at Carpenter Technology
Corporation and PPG Industries, Inc., including General Manager of
PPG's Global Powder Coatings business. Ms. Jackson currently serves
as a member of the board of directors and a member of the Audit,
Nominating and Corporate Governance, and Scientific Advisory
Committees of Sensient Technologies Corporation, a leading global
developer, manufacturer, and marketer of colors, flavors, and
fragrances. She also serves as Chairman and President of the World
Refractories Association and is a director of Junior Achievement of
Western Pennsylvania. Ms. Jackson
holds a B.S. degree in Business Administration from Duquesne University, an M.B.A. from Carnegie Mellon University, and a Juris Doctorate
from the University of Pittsburgh.
Mr. Grannum currently serves as President, Performance Alloys
and Composites of Materion Corporation, a leading advanced
materials supplier. Prior to joining Materion, Mr. Grannum served
as Corporate Vice President, Corporate Officer and President –
Global Chlorinated Organics at Olin Corporation. Prior to joining
Olin, Mr. Grannum held a number of senior leadership roles at Dow
Chemical Company, including President, Global Chlorinated Organics
and SAFECHEM. Prior to joining Dow Chemical, he served as the Vice
President of Plastic Additives for Rohm and Haas Company. Prior to
Rohm and Haas, Mr. Grannum held multiple roles of increasing
responsibility at The BOC Group and The ICI Group, with the last
role being Vice President of ICI and Senior Vice President, Uniqema
Americas. Mr. Grannum also serves as a director on the Boards
of the Boys and Girls Clubs of Greater
Saint Louis, an organization devoted to inspiring and
enabling youth to reach their full potential, and MediNova N.Y., a
non-profit organization that provides medical services free of
charge to underprivileged communities. Mr. Grannum holds a
B.S. degree in Aerospace Engineering from Boston University, and an M.B.A. from Yale University School of Management.
Mr. Daniel Feehan, Chairman of
AZZ's Board of Directors, said, "We are pleased to welcome Carol
and Clive as new independent directors on AZZ's Board. Carol has
built a distinguished career within both the Industrial and
Coatings markets, and Clive brings experience in global
manufacturing, business development, process improvement, and
transformational growth. Their skills and experiences complement
our existing directors' industry and executive leadership
experience and expertise in operations, finance, M&A, and
governance/oversight."
Mr. Feehan further noted, "The addition of Carol and Clive is
another step in our ongoing board refreshment process." The
appointments were the result of a comprehensive search process
conducted by the Board, with the assistance of a leading
independent search firm, as part of the Board's commitment to
regular refreshment.
On February 1, 2021, Mr.
Kevern R. Joyce, announced his
retirement from his position as a member of the Board of AZZ.
Mr. Feehan concluded "Mr. Joyce has served the shareholders
of AZZ with honor and distinction throughout his 24-year tenure on
the Board, including six years as Chairman. His valuable experience
in the energy field and seasoned governance perspective will be
missed. We thank him for his service." Following Mr. Joyce's
retirement from the Board and with the appointments of Ms. Jackson
and Mr. Grannum, the Company expects the Board to be comprised of
nine members, eight of whom are independent, four of whom have been
added within the last five years, and three of whom are gender or
ethnically diverse. Mr. Feehan added, "We are confident that
our new independent directors will make valuable contributions to
AZZ's strategic direction. We look forward to working on behalf of
all stakeholders to continue driving future growth and enhancing
shareholder value."
About AZZ Inc.
AZZ Inc. is a global provider of metal coating solutions,
welding solutions, specialty electrical equipment and highly
engineered services to the power generation, transmission,
distribution, and industrial markets. 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 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.