Synalloy Appoints John Zuppo as Executive Vice President of Synalloy Chemicals
15 Noviembre 2021 - 7:00AM
Business Wire
– Former DanChem CEO with Over 20 Years of
Industry Experience Will Lead the Company’s Chemicals Segment to
Accelerate Growth –
Synalloy Corporation (Nasdaq: SYNL) (“Synalloy” or the
“Company”), an industrials company focused on the production and
distribution of piping, tubing and specialty chemicals, has
appointed John Zuppo as executive vice president of Synalloy
Chemicals, effective November 12, 2021. With this appointment, all
of Synalloy’s chemicals subsidiaries will now report directly to
Zuppo.
With over 20 years of executive leadership experience and an
extensive background in the specialty chemicals industry, Zuppo was
formerly the CEO of DanChem, which Synalloy acquired on October
25th. While at the helm of DanChem, Zuppo led an effective
turnaround of the business and more than doubled profitability
prior to the successful exit. He accomplished this through
reorganizing the entire leadership team, investing in engineering
and process development capabilities, building a robust sales
funnel with a new commercial team that generated long-term
sustainable growth, and creating a culture with core pillars of
focus on fostering empowerment and accountability throughout the
organization. Prior to DanChem, Zuppo spent nearly a decade in
various leadership roles at Emerald Performance Materials, a
leading producer of advanced specialty chemicals.
“We are incredibly pleased to have John take the helm of our
chemicals segment as we look to significantly scale this platform
and accelerate growth,” said Chris Hutter, interim president and
CEO of Synalloy. “As part of our extensive due diligence when
acquiring DanChem, it was clear that John was an exemplary leader
with a proven track record in leading a successful turnaround. Now
that we have one of the largest specialty chemical contract
manufacturers in the U.S., it was crucial that we have the right
leadership in place to ensure the success of this segment. We
believe we have found that with John, and we look forward to
benefitting from the strategic growth initiatives and operational
improvements we expect he will implement across Synalloy
Chemicals.”
Speaking to his appointment, Zuppo said: “Having been involved
in extensive conversations with Chris and his team leading up to
the acquisition, I believe Synalloy Chemicals has ample growth
opportunities on the horizon and I’m honored to lead this segment.
Following my experience successfully implementing the turnaround
strategy at DanChem that resulted in a return to profitable growth
and margin expansion, I believe the combination of Synalloy
Chemicals and DanChem creates an outstanding platform with
tremendous runway ahead. I look forward to leading the team through
its next growth phase as we begin to capitalize on our combined
capabilities with industry-leading talent, a broad array of
high-quality products and a robust business development
pipeline.”
Zuppo holds a Master of Business Administration with an emphasis
in organizational behavior from the Weatherhead School of
Management at Case Western Reserve University. In addition, he also
holds a Bachelor of Science in chemical engineering from the
University of Akron.
Synalloy’s former executive vice president of the chemicals
segment, Dave Kuzy, will be stepping down from his position in
conjunction with Zuppo’s appointment.
About Synalloy
Corporation
Synalloy Corporation (Nasdaq: SYNL) is a company that engages in
a number of diverse business activities including the production of
stainless steel and galvanized pipe and tube, the master
distribution of seamless carbon pipe and tube, and the production
of specialty chemicals. For more information about Synalloy
Corporation, please visit its web site at www.synalloy.com.
Forward-Looking
Statements
This press release includes "forward-looking statements" within
the meaning of the Private Securities Litigation Reform Act of 1995
and other applicable federal securities laws. All statements that
are not historical facts are forward-looking statements. Forward
looking statements can be identified through the use of words such
as "estimate," "project," "intend," "expect," "believe," "should,"
"anticipate," "hope," "optimistic," "plan," "outlook," "should,"
"could," "may" and similar expressions. The forward-looking
statements are subject to certain risks and uncertainties,
including without limitation those identified below, which could
cause actual results to differ materially from historical results
or those anticipated. Readers are cautioned not to place undue
reliance on these forward-looking statements. The following factors
could cause actual results to differ materially from historical
results or those anticipated: adverse economic conditions,
including risks relating to the impact and spread of and the
government’s response to COVID-19; inability to weather an economic
downturn; the impact of competitive products and pricing; product
demand and acceptance risks; raw material and other increased
costs; raw material availability; financial stability of the
Company’s customers; customer delays or difficulties in the
production of products; loss of consumer or investor confidence;
employee relations; ability to maintain workforce by hiring trained
employees; labor efficiencies; risks associated with acquisitions;
environmental issues; negative or unexpected results from tax law
changes; inability to comply with covenants and ratios required by
the Company’s debt financing arrangements; and other risks detailed
from time-to-time in Synalloy Corporation's Securities and Exchange
Commission filings, including our Annual Report on Form 10-K, which
filings are available from the SEC. Synalloy Corporation assumes no
obligation to update any forward-looking information included in
this release.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20211115005211/en/
Company Contact Aaron Tam
Chief Financial Officer 1-804-822-3260
Investor Relations Cody
Slach and Cody Cree Gateway Investor Relations 1-949-574-3860
SYNL@gatewayir.com
Synalloy (NASDAQ:SYNL)
Gráfica de Acción Histórica
De May 2024 a Jun 2024
Synalloy (NASDAQ:SYNL)
Gráfica de Acción Histórica
De Jun 2023 a Jun 2024