Michael Zugay to Retire as Chief Economic Officer Jimmi Sue Smith Named as Successor
PITTSBURGH, Aug. 6, 2021 /PRNewswire/ — Koppers Holdings Inc. (NYSE: KOP), an built-in international service provider of treated wood goods, wooden treatment method chemical substances and carbon compounds, currently declared that Main Financial Officer Michael J. Zugay has knowledgeable the Board of Administrators of his choice to retire productive December 31, 2021. The Board has appointed Jimmi Sue Smith, the company’s latest Vice President, Finance and Treasurer, to assume the job of Chief Monetary Officer successful January 1, 2022. Ms. Smith will report to Leroy Ball, Koppers President and Main Govt Officer.
Commenting on Mr. Zugay’s retirement, “Mike was the to start with employ the service of I made as I was transitioning from CFO to the CEO function at Koppers, and he turned out to be all the things I hoped he would be. His past encounter major finance organizations in the community company place introduced precious skills to the senior management staff at that time which enabled us to target our attempts on creating a strategy to rebuild Koppers into a one of a kind portfolio of items and providers serving important infrastructure markets. I want to lengthen my gratitude to Mike for his fantastic management and his many contributions to assist the strategy that has so efficiently remodeled our organization. It has been a pleasure to operate alongside him working day in and working day out,” claimed Ball. “On behalf of the Board of Directors and all Koppers workers, I desire Mike all the best in his nicely-deserved retirement.”
Mr. Zugay has served as Main Monetary Officer of Koppers due to the fact 2014, primary all elements of the firm’s international finance and accounting, budgeting and forecasting, tax, investor relations and communications functions, as nicely as advising on crucial strategic growth initiatives.
“It has been an honor to direct this kind of a talented team at Koppers, especially through the earlier 18 months in which my colleagues displayed great resilience as we navigated the unprecedented problems arising from the COVID-19 pandemic. I am very pleased of the substantial progress we have made to generate our growth tactic in excess of the previous 7 several years,” said Zugay. “I imagine Koppers is working from a situation of energy, with a extended runway of worthwhile progress in advance. I am self-confident that Jimmi Sue’s experience and management capabilities will help Koppers to proceed on the route of enhanced efficiency and disciplined execution of our firm’s approach. I glance forward to functioning with Jimmi Sue and the relaxation of the workforce to ensure a clean changeover.”
“It provides me terrific self esteem to know that Jimmi Sue, a seasoned financial government, is stepping into this purpose,” reported Ball. “She has an great knowing of our business as well as our field, and in a rather brief interval of time she has attained the regard of her colleagues throughout the organization. I search forward to performing closely with Jimmi Sue in her new function to create value for all of our stakeholders.”
“It is an remarkable time at Koppers, and I am very enthusiastic for the chance to add to the firm’s long term achievement,” claimed Smith. “I am proud to direct this finance corporation, which will go on to uncover ways to execute on long term advancement prospects.”
Due to the fact February 2020, Ms. Smith has served as Koppers Vice President, Finance and Treasurer, overseeing the worldwide treasury administration functionality. She performs an integral job in the company’s funds markets funding, merger and acquisition pursuits, and personal debt agreements. In addition, she has accountability for setting up and strengthening interactions with a syndication of industrial banks as perfectly as credit score score businesses.
Ms. Smith brings comprehensive economic management encounter. She commenced her vocation at a Big Four accounting organization and subsequently served in numerous monetary and accounting administration roles that include businesses in the production and pure gas sectors. Ms. Smith received her bachelor’s diploma in Business enterprise Administration with an Accounting concentration from West Virginia University and a Juris Health practitioner degree from the Duquesne College School of Legislation.
About Koppers
Koppers, with company headquarters in Pittsburgh, Pennsylvania, is an built-in global supplier of dealt with wood products and solutions, wooden treatment chemical compounds and carbon compounds. Our products and expert services are used in a wide range of area of interest applications in a diverse range of conclude-markets, like the railroad, specialty chemical, utility, residential lumber, agriculture, aluminum, metal, rubber, and development industries. We serve our customers via a thorough world wide production and distribution network, with services found in North America, South The united states, Australasia and Europe. The inventory of Koppers Holdings Inc. is publicly traded on the New York Inventory Exchange underneath the symbol “KOP.” For additional information, stop by us on the Web: www.koppers.com. Inquiries concerning investor relations should be directed to Michael Zugay at 412-227-2231 or Quynh McGuire at 412-227-2049.
Protected Harbor Statement
Particular statements in this push launch are “ahead-searching statements” in the that means of the Non-public Securities Litigation Reform Act of 1995 and might consist of, but are not confined to, statements about product sales stages, acquisitions, restructuring, declines in the price of Koppers assets and the outcome of any resulting impairment rates, profitability and predicted charges and dollars outflows. All forward-wanting statements include dangers and uncertainties. All statements contained herein that are not plainly historical in nature are forward-seeking, and phrases these as “outlook,” “direction,” “forecast,” “believe,” “anticipate,” “anticipate,” “estimate,” “may perhaps,” “will,” “ought to,” “continue on,” “approach,” “probable,” “intend,” “likely,” or other comparable text or phrases are commonly supposed to detect forward-hunting statements. Any ahead-hunting assertion contained herein, in other push releases, composed statements or other documents filed with the Securities and Trade Fee, or in Koppers communications and discussions with traders and analysts in the typical training course of business enterprise by means of conferences, phone phone calls and conference calls, concerning expectations with respect to income, earnings, cash flows, functioning efficiencies, restructurings, the advantages of acquisitions, divestitures, joint ventures or other matters as nicely as financings and credit card debt reduction, are subject matter to recognised and not known threats, uncertainties and contingencies.
Several of these risks, uncertainties and contingencies are over and above our management, and could result in precise results, functionality or achievements to vary materially from anticipated final results, performance or achievements. Variables that could have an affect on this sort of forward-wanting statements involve, between other matters, the effect of improvements in commodity prices, these types of as oil and copper, on merchandise margins typical financial and company situations current and long run adverse results as a consequence of the coronavirus (COVID-19) pandemic disruption in the U.S. and world-wide financial marketplaces potential troubles in preserving our intellectual house
the ratings on our personal debt and our means to repay or refinance our remarkable indebtedness as it matures our potential to run inside of the constraints of our financial debt covenants potential impairment of our goodwill and/or prolonged-lived belongings demand for Koppers items and providers competitive circumstances fascination amount and overseas currency rate fluctuations availability and charges of key raw materials unfavorable resolution of promises towards us, as properly as those mentioned extra fully somewhere else in this release and in paperwork filed with the Securities and Trade Commission by Koppers, notably our most recent yearly report on Type 10-K and any subsequent filings by Koppers with the Securities and Exchange Fee. Any ahead-on the lookout statements in this launch talk only as of the day of this launch, and we undertake no obligation to update any forward-searching assertion to reflect events or circumstances following that date or to replicate the occurrence of unanticipated situations.
For Facts:
Michael J. Zugay, Chief Economical Officer
412 227 2231
[email protected]
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