Charles R. Tutterow Named President Stevens Urethane Products
23 Junho 2005 - 10:30AM
PR Newswire (US)
Charles R. Tutterow Named President Stevens Urethane Products
GREENVILLE, S.C., June 23 /PRNewswire-FirstCall/ -- JPS Industries,
Inc. (Pink Sheets: JPST) today announced that Charles R. "Chuck"
Tutterow, Executive Vice President, Chief Financial Officer and
Secretary will assume the additional responsibilities of
President-Stevens Urethane effective July 1, 2005. Mr. Tutterow
replaces current President Richard W. Zimmer who is retiring June
30, 2005 after 20 years with JPS Industries, Inc. Michael L.
Fulbright, Chairman, President and Chief Executive Officer of JPS
Industries, Inc. stated, "It has been a pleasure and a privilege to
have worked with Dick these past six years. Taking charge of
Stevens Urethane as President in late 2001, he led the business
through the difficult years of 2002 and 2003, building a strong
management team and a disciplined, professional organization that
has achieved outstanding results over the past eighteen months.
Dick's drive for perfection and team building was the catalyst that
allowed our Hampshire Plant to receive the global quality
recognition that comes with achieving the ISO-9001-2000
certification in August 2004. Certainly an important part of Dick's
legacy is the strong, professional management team that he has put
in place at Stevens Urethane that has us well positioned for the
future. We wish Dick and his family the very best in his well
deserved retirement." Commenting further, "I am very pleased that
Chuck will assume the added responsibilities of President Stevens
Urethane. His unique blend of business experience garnered over the
past two decades coupled with his close involvement with the
Urethane management team over the past five years, allows us both a
smooth transition and the addition of a top-caliber strategic
manager to lead the business to a higher level of performance. We
are most fortunate to have someone with Chuck's talent, discipline,
experience, and leadership style to take the reins at our Stevens
Urethane business." JPS Industries, Inc. is a major U.S.
manufacturer of extruded urethanes, polypropylenes and mechanically
formed glass substrates for specialty industrial applications. JPS
specialty industrial products are used in a wide range of
applications, including: printed electronic circuit boards;
advanced composite materials; aerospace components; filtration and
insulation products; surf boards; construction substrates; high
performance glass laminates for security and transportation
applications; plasma display screens; athletic shoes; commercial
and institutional roofing; reservoir covers; and medical,
automotive and industrial components. Headquartered in Greenville,
South Carolina, the Company operates manufacturing locations in
Slater, South Carolina; Westfield, North Carolina; and Easthampton,
Massachusetts. This press release contains statements that are
forward-looking statements regarding future events. These
statements are only predictions and there are a number of important
factors that could cause future events to differ materially from
those expressed in any such forward-looking statements. These
factors include, without limitation, the general economic and
business conditions affecting the Company's industries, actions of
competitors, changes in demand in certain markets, the Company's
ability to meet its debt service and pension plan obligations
(including its ability to meet the financial obligations in its
Credit Agreement), the Company's ability to realize its deferred
tax asset, the seasonality of the Company's sales, the volatility
of the Company's raw material, claims and energy costs, the
Company's dependence on key personnel and certain large customers
and other risk factors. The Company assumes no responsibility to
update the forward-looking statements contained in this release as
a result of new information, future events or otherwise. JPS
Industries, Inc. is not responsible for changes made to this
document by wire services or Internet Services. CONTACT: Charles R.
Tutterow Executive Vice President and Chief Financial Officer
864/239-3915 DATASOURCE: JPS Industries, Inc. CONTACT: Charles R.
Tutterow, Executive Vice President and Chief Financial Officer of
JPS Industries, Inc., +1-864-239-3915
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