FORT WORTH, Texas, March 4, 2013 /PRNewswire/ -- AZZ
incorporated (NYSE: AZZ), a manufacturer of electrical products and
a provider of galvanizing services, today announced that
David H. Dingus, President and Chief
Executive Officer of the company has been recently diagnosed with
cancer of the pancreas and will begin an aggressive treatment
commencing the week of March 4,
2013.
It is anticipated that during this period of treatment, all
day-to-day operations will continue to be conducted by the
organization currently in place. Mr. Dingus will continue in
his role of Chief Executive Officer. The senior management team of
AZZ responsible for daily operations consists of Dana L. Perry, Senior Vice President Finance and
Chief Financial Officer; Ashok
Kolady, Senior Vice President and Chief Operating Officer of
the Electrical and Industrial Products Segment; and Tim Pendley, Senior Vice President and Chief
Operating Officers of the Galvanizing Services Segment. Mr.
Dingus and the senior management team will continue to work with
the Board of Directors to continue to seek out all opportunities
for profit enhancement, growth and expansion of the existing
businesses and the successful implementation of the Aquilex SRO
acquisition should the company receive the anticipated government
approval to proceed.
The Board of Directors, senior management and all employees of
the company fully support Mr. Dingus and wish him high success
during this treatment period. Mr. Dingus may have a reduced
work schedule during certain periods of this treatment, but he is
not anticipated to be away for any extended periods of time.
AZZ incorporated is a specialty electrical equipment
manufacturer serving the global markets of industrial, power
generation, transmission and distribution, as well as a leading
provider of hot dip galvanizing services to the North American
steel fabrication market.
Certain statements herein about our expectations of
future events or results constitute forward-looking statements for
purposes of the safe harbor provisions of The Private Securities
Litigation Reform Act of 1995. You can identify forward-looking
statements by terminology such as, "may," "should," "expects,"
"plans," "anticipates," "believes," "estimates," "predicts,"
"potential," "continue," or the negative of these terms or other
comparable terminology. Such forward-looking statements are based
on currently available competitive, financial and economic data and
management's views and assumptions regarding future events. Such
forward-looking statements are inherently uncertain, and investors
must recognize that actual results may differ from those expressed
or implied in the forward-looking statements. This release may
contain forward-looking statements that involve risks and
uncertainties including, but not limited to, changes in customer
demand and response to products and services offered by AZZ,
including demand by the power generation markets, electrical
transmission and distribution markets, the industrial markets, and
the hot dip galvanizing markets; prices and raw material cost,
including zinc and natural gas which are used in the hot dip
galvanizing process; changes in the economic conditions of the
various markets that AZZ serves, foreign and domestic, customer
request delays of shipments, acquisition opportunities, currency
exchange rates, adequacy of financing, and availability of
experienced management employees to implement AZZ's growth
strategy. AZZ has provided additional information regarding risks
associated with the business in AZZ's Annual Report on Form 10-K
for the fiscal year ended February 29,
2012 and other filings with the SEC, available for viewing
on AZZ's website at www.azz.com and on the SEC's website at
www.sec.gov. You are urged to consider these factors
carefully in evaluating the forward-looking statements herein and
are cautioned not to place undue reliance on such forward-looking
statements, which are qualified in their entirety by this
cautionary statement. These statements are based on information as
of the date hereof and AZZ assumes no obligation to update any
forward-looking statements, whether as a result of new information,
future events, or otherwise.
Contact:
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Dana
Perry, Senior Vice President – Finance and CFO
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AZZ
incorporated 817-810-0095
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Internet:
www.azz.com
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Lytham
Partners 602-889-9700
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Joe Dorame
or Robert Blum
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Internet:
www.lythampartners.com
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SOURCE AZZ incorporated