Ampco-Pittsburgh Corporation (NYSE: AP) today announced that the
Company’s Board of Directors has elected John S. Stanik, age 61, as
Chief Executive Officer and also as a Director, effective January 1,
2015. Mr. Stanik will succeed Robert A. Paul as the Company’s Chief
Executive Officer upon Mr. Paul’s retirement effective December 31,
2014. Mr. Paul will remain on the Company’s Board of Directors and serve
as its non-executive Chairman of the Board.
Mr. Paul said, “John Stanik has had a very distinguished career, and his
combination of deep executive and operating experience makes him well
suited to provide the leadership needed to continue to guide
Ampco-Pittsburgh in its focused efforts to create meaningful long-term
value for our shareholders. I am very pleased that I will be working
with John in my continuing role as Chairman, while having more time to
spend with my family and pursue my many other interests."
Mr. Stanik worked at Calgon Carbon Corporation, an international company
specializing in purification products, technologies and services, from
1991 through 2012 when he retired for personal reasons. He served as
President and CEO of Calgon from 2003 to 2012 and became its Chairman of
the Board in 2007. Prior to joining Calgon, Mr. Stanik worked in various
capacities with increasing responsibility for Davy Corporation, an
engineering and construction company specializing in the metals (steel
and aluminium) markets, ultimately serving as Davy’s General Manager of
Operations.
Mr. Stanik commented, “I am honored to lead Ampco-Pittsburgh and greatly
appreciative of the confidence that its Board of Directors has shown in
me. I am committed to establishing strong relationships with
Ampco-Pittsburgh’s shareholders, business partners and dedicated
employees.”
The Board of Directors expressed its appreciation of Mr. Paul’s loyal
service and contributions to the Corporation as an officer for fifty
years, most recently as Chief Executive Officer since 1994, and for Mr.
Paul’s continuing commitment to serve on the Board of Directors as the
Company’s Chairman.
The matters discussed herein may contain forward-looking statements
that are subject to risks and uncertainties that could cause actual
results to differ materially from expectations. Some of these
risks are set forth in the Corporation’s Annual Report on Form 10-K as
well as the Corporation’s other reports filed with the Securities and
Exchange Commission.
Copyright Business Wire 2014