Houston Wire & Cable Company Announces Governance, Management Changes
12 Junio 2020 - 6:40PM
Houston Wire & Cable Company (NASDAQ: HWCC) (the Company) today
announced that Gary Yetman has been named executive chairman of the
board. William H. Sheffield, who has served as non-executive
chairman since 2012, will remain on the board and succeed Yetman as
chairman of the Nominating and Corporate Governance Committee.
Sheffield previously announced his intention to retire from the
board upon expiration of his current term.
Yetman joined the HWCC board in 2014, following the sale of
Coleman Cable, Inc., where he served as the chief executive officer
and president from 1999 until the sale. Under Yetman’s leadership,
Coleman Cable more than doubled revenues from its 2006 IPO to its
sale in 2014.
The Company also announced several promotions, effective
immediately.
- Jerry Zurovchak, previously Director of Operations, has been
named Senior Vice President and Chief Operating Officer.
Operations, IT and purchasing will report to Zurovchak, who joined
the Company in 2019 from General Cable, a Prysmian Group
company.
- Allison Ruggles Goldie, previously Director of Information
Technology, has been named Vice President of Information
Technology.
- Tamika Howard, previously Controller, has been named Vice
President and Controller.
- Lara Walker, previously Director of Human Resources, has been
named Vice President of Human Resources.
- David Sanborn, previously Vice President of the Company’s
Southwest Wire Rope operating unit, has been named Senior Vice
President of Southwest Wire Rope.
“I am delighted to recognize these valued team members,” said
James L. Pokluda III, President and Chief Executive Officer. “Their
promotions tangibly demonstrate our company’s commitment to
recognizing talent and achievement.”
Separately, HWCC announced that Christopher M. Micklas, Vice
President and Chief Financial Officer, has notified the board of
his decision to leave the Company effective July 10, 2020 in order
to join a start-up business in another industry. Micklas also
serves as the Company’s chief accounting officer. Eric W. Davis,
currently President of the Company’s Heavy Lift division, will
become interim chief financial officer and chief accounting officer
upon Micklas’ departure. Davis joined the Company in 1993 and was
formerly Vice President and Controller for 14 years. Pokluda said,
“We thank Chris for his contributions and insights in helping
position our company for future success. While we are sorry he has
decided to leave, we wish him the best in his new endeavor.”
About the Company
With 44 years of experience in the industry, Houston Wire &
Cable Company, an industrial distributor, is a large provider of
products in the U.S. market. Headquartered in Houston, Texas, the
Company has sales and distribution facilities strategically located
throughout the United States.
Standard stock items available for immediate delivery include
continuous and interlocked armor cable; instrumentation cable;
medium voltage cable; high temperature wire; portable cord; power
cable; primary and secondary aluminum distribution cable; private
branded products, including LifeGuard™, a low-smoke, zero-halogen
cable; mechanical wire and cable and related hardware, including
wire rope, lifting products and synthetic rope and slings;
corrosion resistant fasteners, hose clamps, and rivets.
Comprehensive value-added services include same-day shipping,
knowledgeable sales staff, inventory management programs,
just-in-time delivery, logistics support, customized online
ordering capabilities and 24/7/365 service.
Forward-Looking Statements
This release contains comments concerning management’s view of
the Company’s future expectations, plans and prospects that
constitute forward-looking statements for purposes of the safe
harbor provisions under the Private Securities Litigation Reform
Act of 1995. Investors are cautioned that forward-looking
statements are inherently uncertain and projections about future
events may, and often do, vary materially from actual results.
Other risk factors that may cause actual results to differ
materially from statements made in this press release can be found
in the Company’s Annual Report on Form 10-K, Current Report on Form
8‑K dated April 29, 2020 and other documents filed with the SEC.
These documents are available under the Investor Relations section
of the Company’s website at www.houwire.com.
Any forward-looking statements speak only as of the date of this
press release and the Company undertakes no obligation to publicly
update such statements.
CONTACT:
Christopher M. Micklas
Chief Financial Officer
Direct: 713.609.2114
Fax: 713.609.2168
cmicklas@houwire.com
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