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8-K - Fushi Copperweld, Inc. | v199338_8k.htm |
EX-10.1 - Fushi Copperweld, Inc. | v199338_ex10-1.htm |
Fushi
Copperweld Names Craig H. Studwell as Chief Financial Officer
Interim
CFO Wenbing Christopher Wang Continues Role as President and
Director
Beijing,
China, October 19, 2010 – Fushi Copperweld Inc., (the “Company”) (NasdaqGS:
FSIN), the leading global manufacturer and innovator of copper-clad bimetallic
wire used in a variety of telecommunication, utility, transportation and other
electrical applications, today announced the appointment of Craig H. Studwell as
Chief Financial Officer, effective immediately. Mr. Studwell will be responsible
for all aspects of the Company’s financial operations and will also work closely
with the executive management team to develop opportunities to continue the
growth trajectory of the Company. Wenbing Christopher Wang, who has served as
Interim Chief Financial Officer since March 3, 2010, will continue his role as
President and Director.
Mr.
Studwell, 62, brings over 35 years of experience in banking and corporate
finance in the United States, Asia, and Europe. He previously
served as Senior Vice President and Chief Financial Officer of Paramount
Petroleum Company, an independent refiner and marketer of asphalt, gasoline,
diesel, military fuels and petroleum feed stocks, where he oversaw Corporate
Accounting, Treasury, and Corporate Finance. Prior to that, he served
as Senior Vice President, Finance and Planning for Pacific Millennium
Corporation, a multinational corporation engaged in pulp and paper distribution,
paper manufacturing, and investments where he worked extensively in China, Hong
Kong, and Asia, overseeing the firm’s Treasury, Corporate Finance and Accounting
activities. Prior to that, Mr. Studwell held senior level management
positions with commercial banking institutions in Los Angeles, New York, and
Milan. Mr. Studwell holds a Bachelor of Science Degree in Finance
from New York University.
“Craig is
a great addition to our management team and we welcome him to Fushi Copperweld,”
said Joe Longever, Fushi Copperweld’s co-Chief Executive
Officer. “Craig brings a tremendous amount of experience in
international business and financial management that will further enhance the
strong financial and reporting systems that Chris Wang
established. In addition, his extensive business experience in Asia,
deftness in managing multi-national teams, and leadership of U.S.-based
financial organizations will serve us well. The executive management
team looks forward to working with Craig as we continue to execute against our
business strategy.”
About
Fushi Copperweld, Inc.
Fushi
Copperweld, Inc. through its wholly owned subsidiaries, Fushi International
(Dalian) Bimetallic Cable Co, Ltd., and Copperweld Bimetallics, LLC, is a
leading manufacturer and innovator of copper- clad bimetallic engineered
conductor products used in the electrical, telecommunications, transportation,
utilities and industrial industries. With extensive design and production
capabilities and a long-standing dedication to customer service, Fushi
Copperweld, Inc. is the preferred choice bi-metallic products world-wide.
For more information, visit: www.fushicopperweld.com.
Safe
Harbor Statement
This
press release may include certain statements that are not descriptions of
historical facts, but are forward-looking statements. Forward-looking statements
can be identified by the use of forward-looking terminology such as “will”
“believes”, “expects” or similar expressions. These forward-looking statements
may also include statements about our proposed discussions related to our
business or growth strategy, which is subject to change. Such information is
based upon expectations of our management that were reasonable when made but may
prove to be incorrect. All of such assumptions are inherently subject to
uncertainties and contingencies beyond our control and upon assumptions with
respect to future business decisions, which are subject to change. We do not
undertake to update the forward-looking statements contained in this press
release. For a description of the risks and uncertainties that may cause actual
results to differ from the forward-looking statements contained in this press
release, see our most recent Annual Report filed with the Securities and
Exchange Commission (SEC) on Form 10-K, and our subsequent SEC filings. Copies
of filings made with the SEC are available through the SEC's electronic data
gathering analysis retrieval system (EDGAR) at www.sec.gov.