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8-K - FORM 8-K - NEENAH ENTERPRISES, INC. | c55621e8vk.htm |
Exhibit 99.1
For Immediate Release
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Contact: | Robert E. Ostendorf, Jr. | ||||
President & CEO | ||||||
(920) 725-7000 |
Neenah, WI Tuesday, January 19, 2010
Neenah Enterprises, Inc. (NEI) announced today that Dale E. Parker, currently the Chief Financial
Officer of PaperWorks Industries Inc., Philadelphia, PA, has accepted the position of Chief
Financial Officer for NEI.
Parker (58), who has an MBA from Xavier and is a CPA, has served as Chief Financial Officer at
various public and private companies, including 6 years as Vice President and Chief Financial
Officer at Appleton Papers, where he also served on the Board of Directors.
Parker will replace Jeffrey S. Jenkins, who resigned for personal reasons and will return to the
Lincoln, Nebraska area. Jenkins has agreed to continue to be available to support NEI for a
six-month transition period.
We
look forward to someone of Dales experience and seniority joining our team, said NEI
President and Chief Executive Officer, Bob Ostendorf. As NEI continues to navigate through
challenging financial times, Dales leadership ability will be a valuable asset. We are also
grateful that Jeff will be available to support an orderly transition. In addition, we would like
to thank Jeff for his significant contribution over the twenty (20) years of service he has
provided to NEI (Deeter). We wish him well in his personal and
professional life.
About Neenah Enterprises, Inc. and Neenah Foundry Company
Neenah Enterprises, Inc. is the indirect parent holding company of Neenah Foundry Company. Neenah
Foundry Company and its subsidiaries manufacture and market a wide range of iron castings and steel
forgings for the heavy municipal market and selected segments of the industrial markets. Neenah is
one of the largest independent foundry companies in the United States, with substantial market
share in the municipal and various industrial markets for gray and ductile iron castings and forged
steel products. Additional information about Neenah is available on the Companys web site at
www.nfco.com.
Forward- Looking Statements
This press release may be viewed to contain forward-looking statements. These statements are based
on the Companys current expectations and involve risks and uncertainties that could cause actual
results and events to differ materially from those described in the statements. The words
expects, anticipates, intends, plans, believes, seeks, estimates and similar
expressions are generally intended to identify forward-looking statements. Factors that could cause
our results to differ materially from current expectations include those referenced in the
Companys Form 10-K for the year ended September 30, 2009 or subsequent SEC filings. You should not
place undue reliance on these forward-looking statements, which reflect the Companys opinions only
as of the date of this press release. The Company undertakes no obligation to publicly release any
revisions to the forward-looking statements after the date of this press release.
Contacts:
Neenah Foundry Company
Robert Ostendorf
920-725-7000
Neenah Foundry Company
Robert Ostendorf
920-725-7000