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Drew Walker promoted to President and CEO of AGY

News International-French

11 Jul 2013

Since joining AGY in 2005, Mr. Walker has served as Vice President of Sales and Marketing and, most recently, as President. He will be able to draw on his 20 plus years of experience in the specialty materials sector to lead the organization with a true understanding of the company’s customer needs.

Over the past 18 months, Richard Jenkins of Alvarez & Marsal has served as Interim Chief Executive Officer. During this timeframe, significant progress was made to improve the company’s operating platform, creating better coordination between production planning and customers' expectations and increasing the focus on quality in manufacturing processes.

“We have improved operations, installed a strong and energized management team and significantly reduced our debt levels. As a result, we believe that AGY is well positioned to further develop new products, grow our business and pursue our strategy to be a world-class provider of advanced materials." said Walker.
"Our restructuring coupled with the establishment of our permanent management team marks the rebirth of a 50-year-old manufacturing business with a globally recognized brand. We make our customers' products lighter, faster and stronger, and the restructuring creates a strong platform for growth in our key aerospace and defense, specialty electronics and industrial markets," added Mr. Walker.

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