Accuride Reassigns Executive Responsibilities

Changes called “evolution” of responsibilities

Accuride Corp. announced a series of immediate executive appointments, and some reassignement of responsibilities. Based in Evansville, IN, Accuride manufactures commercial vehicle wheels, wheel-end components and assemblies, truck body and chassis parts, seating assemblies, and other commercial vehicle components. Its products are marketed under brand names that include Accuride, Gunite, Imperial, Bostrom, Fabco, and Brillion.

Terrence Keating, Accuride's president and CEO, and a director of the company, will continue as a board member and as the chief executive officer.

John Murphy, currently Accuride's CFO, now becomes president and chief financial officer.

Dave Armstrong, Accuride's current senior vice president and general counsel, will continue as general counsel and also serve as senior vice president / finance.

Tony Donatelli, now president of the Imperial Group, becomes a corporate senior vice president with additional responsibility for Bostrom Seating.

Other members of the executive management team will continue in their current roles, including:

Bob Nida continuing as senior vice president of Accuride Wheels, Gunite Corporation, and Brillion Iron Works;

Robin Hamme remaining Accuride's senior vice president of Human Resources; and

Larry Taylor continuing as the senior vice president of Sales and Marketing.

"This executive team has been together a long time and has proven its ability to focus and work hand in glove with each other to drive results. Tony will be a great addition to this group of committed and engaged leaders who are aggressively pursuing the issues and opportunities before us," according to Keating.

Accuride chairman Jamie Green stated: "Today's appointments are a natural evolution of top leadership responsibilities at Accuride." Greene is also a member of KKR LLC, Accuride’s ownership group.

"One of the factors leading KKR to purchase Accuride in 1998 was the strength of the company's management team,” Green continued. “Since that time, this team has successfully weathered an industry downturn, led the company through a significant merger, and completed its initial public offering of common stock. Accuride's seasoned and growing top leadership team has the experience and skill to continue to successfully lead the company."

Keating added, "The changes to senior leadership accountabilities are supported by our topside bench strength, depth and versatility. These moves allow for well planned and seamless succession planning at Accuride, such that organizational performance, customer service, and leadership continuity should be optimized over the coming years. In addition to demonstrated competencies in their current assignments, John, Dave and Tony bring significant strengths to the table in the new roles they will assume, all of which will be key as the company continues to pursue growth initiatives and ongoing optimization of its current operations."

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