Steve Johnston Hired as Vice President and General Manager of Specialty Products and Services Busine

Steve Johnston Hired as Vice President and General Manager of Specialty Products and Services Business Unit

YOUNGSVILLE, N.C.--(BUSINESS WIRE)-- Harold Bevis, Xerium President and CEO, announced today the creation of a new business unit and a new business leader, Steve Johnston. Steve will fill the new position of Vice President and General Manager of Specialty Products and Services. Mr. Johnston will be responsible for all of Xerium's global business in Specialty Products and Services. He will be responsible for leading the newly created business team, setting and achieving objectives, optimizing products and services for the segment, and putting the correct organization into place. Responsibilities will also include analyzing customer requirements, developing competitive positioning and achieving the forecasted sales, profits and cashflow objectives. Mr. Johnston will lead Xerium's global business in the following areas:

  • Machine Clothing products and services for all non-paper applications including fiber cement, non-woven production and oil/gas drilling
  • Roll services for all non-paper applications
  • Pulp machine products and services
  • Mechanical services for all applications globally - including paper

In this newly created role, Mr. Johnston will be on the Xerium leadership team and report to Harold Bevis to achieve Xerium's objectives in these important business areas.

Harold Bevis said, "Our sales and EBITDA are growing strongly in these areas and should further benefit from focused leadership. We intend to accelerate our growth in these non-paper machine markets -services, building products, pulp, non-woven production, and film making and flexible packaging. Today, we serve the building products industry with process belts for making siding, the non-woven fabric market with process belts for making disposable medical garment materials, and the flexible packaging industry with rolls for making food and medical packaging."

"These markets are growing strongly for Xerium. For instance, the global housing recovery appears to be in line with global GDP recovery. Those buildups are underway and our products are in high demand. With Steve's arrival and the formation of this business segment, we will continue to expand and accelerate our presence in each of these end markets."

"Steve is a key new leader and will work in partnership with our existing business and commercial leaders to help us achieve short and long term growth in value for Xerium's stakeholders."

Steve Johnston said, "I am excited to join Xerium at this time and look forward to creating value for our company, customers and investors. Xerium is well positioned to achieve its short and long term objectives due to our people, products and services. By bringing all of these components together, we can create exceptional levels of customer value, service and loyalty."

Steve Johnston Background Highlights

  • 25 years of sales, management and leadership experience as a supplier/partner to global manufacturers in non-woven, film-making, medical packaging, consumer packaging, and flexible packaging markets.
  • Has spent the last 15 years as a commercial leader at Berry Plastics (acquired Pliant Corporation in December 2009) where his responsibilities included setting product development agendas, contract negotiations, pricing, maintaining existing accounts, and driving new business at new accounts. He led multiple markets and most recently was in charge of a $135MM business area focused on Medical and Personal Care packaging in the US and Latin America.
  • Bachelor of Business Administration - Management from Georgia State University
  • Served in the United States Army and United States Army Reserve - 11th Group Special Forces and 3rd Army. Served in Operation Desert Storm on active duty.
  • Married with 2 children.

About Xerium Technologies

Xerium Technologies, Inc. (NYS: XRM) is a leading global provider of industrial consumable products and services. Xerium utilizes a broad portfolio of patented and proprietary technologies to provide customers with tailored solutions and products integral to production, all designed to optimize performance and reduce operational costs. Xerium has 28 manufacturing facilities in 12 countries around the world and employs approximately 3,200 employees.

FORWARD-LOOKING STATEMENTS

This press release contains forward-looking statements. The words "believe," "estimate," "expect," "intend," "anticipate," "goals," variations of such words, and similar expressions identify forward-looking statements, but their absence does not mean that the statement is not forward-looking. Forward-looking statements involve risks and uncertainties, both known and unknown, that may cause actual results to differ materially from those indicated. These risks and uncertainties include the following items: (1) our plans to accelerate growth in non-paper markets may not be as successful as we anticipate; (2) the market for our non-paper products and services is subject to the broader economic health in the regions which we serve; and (3) the other risks and uncertainties discussed elsewhere in this press release, our Form 10-K for the year ended December 31, 2012, our Form 10-Qs for the quarters ended March 31, 2013 and June 30, 2013 and our other SEC filings. If any of these risks or uncertainties materialize, or if our underlying assumptions prove to be incorrect, actual results may vary significantly from what we projected. Any forward-looking statement in this press release reflects our current views with respect to future events. Except as required by law, we assume no obligation to publicly update or revise these forward-looking statements for any reason, whether as a result of new information, future events, or otherwise. Copies of our SEC filings are available from the SEC and in the investor relations section of our website at www.xerium.com.



Xerium Technologies, Inc.
Phillip B. Kennedy, 919-526-1444
Investor Relations
IR@xerium.com

KEYWORDS:   United States  North America  North Carolina

INDUSTRY KEYWORDS:

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