Signature Group Holdings, Inc. (OTCQX:SGRH) (“Signature” or the
“Company”) today announced the appointment of Mr. John Miller to the
newly created position of Executive Vice President of Operations.
John Miller (Photo: Business Wire)
Craig T. Bouchard, Chairman and CEO of Signature, stated, “John is a
superb technologist and a leading Six Sigma expert. He will have
responsibility for integrating the Real Alloy acquisition into the
Signature family. His expertise in Six Sigma, Lean Management, and the
industrial arena will enable Signature and Real Alloy to build on the
existing strengths of the Real Alloy business. We believe these efforts
will establish the groundwork for improvements in the business
operations of Real Alloy, and establish a roadmap for future
acquisitions and integrations by the Company.”
Mr. Miller comes to Signature after serving 28 years at 3M, the majority
of which was spent in 3M’s industrial businesses. Mr. Miller was the
global technical director for the Industrial Adhesives & Tapes Division,
3M’s largest business unit, and was responsible for leveraging the
innovation capabilities of 3M to drive profitable sales growth through
new product development and commercialization on a global basis. His
organization was also responsible for driving growth through direct
customer interactions via technical sales and technical service support;
for expanding the division’s global technical footprint and fostering
local country innovation; and for working with acquisition targets
through due diligence and integration. Mr. Miller also provided
leadership for several laboratories that were part of businesses
acquired by the division.
Among his other roles, Mr. Miller served as the global technical
director for 3M’s Office Supplies Division (the home of Post-It®
Notes) and was a Design for Six Sigma Master Black Belt as part of 3M’s
Six Sigma initiative, which focuses on a set of techniques and tools for
process improvement.
Mr. Miller holds bachelor’s degrees in Chemical Engineering and in
Chemistry from the University of Minnesota, as well as a Ph.D. in
Chemical Engineering with a specialization in polymer science from the
University of Wisconsin-Madison.
About Signature Group Holdings, Inc.
Signature is a North America-based holding company seeking to invest its
capital in large, well-managed and consistently profitable businesses
concentrated primarily in the United States industrial and commercial
marketplace. Signature has significant capital resources, and federal
net operating loss tax carryforwards of more than $900 million. For more
information about Signature, visit its corporate website at www.signaturegroupholdings.com.
Cautionary Statement Regarding Forward-Looking Statements
This release contains forward-looking statements, which are based on our
current expectations, estimates, and projections about Signature’s and
its subsidiaries’ businesses and prospects, as well as management’s
beliefs, and certain assumptions made by management. Words such as
“anticipates,” “expects,” “intends,” “plans,” “believes,” “seeks,”
“estimates,” “may,” “should,” “will” and variations of these words are
intended to identify forward-looking statements. Such statements speak
only as of the date hereof and are subject to change. Signature
undertakes no obligation to revise or update publicly any
forward-looking statements for any reason. These statements include, but
are not limited to, statements about Signature’s and its subsidiaries’
expansion and business strategies; anticipated growth opportunities; the
amount of capital-raising necessary to achieve those strategies, as well
as future performance, growth, operating results, financial condition
and prospects. Such statements are not guarantees of future performance
and are subject to certain risks, uncertainties, and assumptions that
are difficult to predict. Accordingly, actual results could differ
materially and adversely from those expressed in any forward-looking
statements as a result of various factors. Important factors that may
cause such a difference include, but are not limited to Signature’s
ability to successfully identify, consummate and integrate acquisitions
and/or other businesses; changes in business or other market conditions;
the difficulty of keeping expense growth at modest levels while
increasing revenues; Signature’s ability to successfully defend against
current and new litigation matters: as well as demands by investment
banks for defense, indemnity, and contribution claims; Signature’s
ability to access and realize value from its federal net operating loss
tax carryforwards; and other risks detailed from time to time in
Signature’s Securities and Exchange Commission filings, including but
not limited to the most recently filed Annual Report on Form 10-K and
subsequent reports filed on Forms 10-Q and 8-K.
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