Attached files
| file | filename |
|---|---|
| 8-K - ROGERS CORPORATION 8-K - ROGERS CORP | a50863171.htm |
| EX-10.1 - EXHIBIT 10.1 - ROGERS CORP | a50863171ex10_1.htm |
| EX-10.2 - EXHIBIT 10.2 - ROGERS CORP | a50863171ex10_2.htm |
Exhibit 99.1
One Technology Drive / P.O. Box 188 / Rogers, CT 06263-0188 / 860.774.9605 / Fax: 860.779.5509
David Mathieson Named Vice President of Finance and CFO
of Rogers Corporation
Rogers, Connecticut, May 12, 2014: Rogers Corporation (NYSE:ROG) today announced that David Mathieson has been appointed the Company’s new Vice President of Finance and Chief Financial Officer. He replaces Dennis Loughran, who is leaving Rogers today. We thank Dennis for his many contributions to Rogers’ success.
Mr. Mathieson is a seasoned executive with more than 27 years of leadership experience in a variety of companies from smaller entrepreneurial organizations to multi-billion dollar, multi-national publicly traded companies. Most recently, he was Executive Vice President and Chief Financial Officer of Comverge Inc., an energy management solutions provider. Additional experience includes four years as Senior Vice President and Chief Financial Officer at Brady Corporation, where he completed 26 acquisitions. Prior to Brady, Mr. Mathieson spent more than 20 years at Honeywell, where he held numerous roles including Vice President and CFO of Honeywell Europe, Middle East and Africa.
Currently, Mr. Mathieson is a member of the board of directors at Tennant Corporation, and serves as the Chairperson of its Audit Committee.
Mr. Bruce Hoechner, Rogers’ President and CEO commented, “As we position Rogers for a new phase of growth, we are very pleased to add David’s business and financial leadership to our team. His extensive background in mergers and acquisitions and his broad experience in publicly traded global organizations will be a tremendous asset to Rogers. I look forward to working closely with David as we continue to implement the Company’s long-term growth and profitability improvement plans.”
Mr. Mathieson is a Chartered Management Accountant and studied for this examination at what is now Glasgow Caledonian University. In addition, Mr. Mathieson holds a Master of Science degree in Strategic Accounting from Robert Gordon University, Aberdeen, Scotland.
Mr. Mathieson will be located at the Rogers corporate office in Rogers, CT.
About Rogers Corporation
Rogers Corporation (NYSE:ROG) is a global leader in engineered materials to power, protect, and connect our world. With more than 182 years of materials science experience, Rogers delivers high-performance solutions that enable clean energy, internet connectivity, advanced transportation and other technologies where reliability is critical. Rogers’ delivers Power Electronics Solutions for energy-efficient motor drives, vehicle electrification and alternative energy; High Performance Foams for sealing, vibration management and impact protection in mobile devices, transportation interiors, industrial equipment and performance apparel; and Printed Circuit Materials for wireless infrastructure, automotive safety and radar systems. Headquartered in Connecticut (USA), Rogers operates manufacturing facilities in the United States, China, Germany, Belgium, Hungary, and South Korea, with joint ventures and sales offices worldwide. For more information, visit www.rogerscorp.com.
Safe Harbor Statement
Certain statements in this press release may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based on management's expectations, estimates, projections and assumptions. Words such as “expects,” “anticipates,” “intends,” “believes,” “estimates,” “should,” “target,” “may,” “project,” “guidance,” and variations of such words and similar expressions are intended to identify such forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties, and other factors that may cause our actual results or performance to be materially different from any future results or performance expressed or implied by such forward-looking statements. Such factors include, but are not limited to, changing business, economic, and political conditions both in the United States and in foreign countries, particularly in light of the uncertain outlook for global economic growth, particularly in several of our key markets; uncertainty regarding resolution of the United States debt ceiling issues; increasing competition; any difficulties in integrating acquired businesses into our operations and the possibility that anticipated benefits of acquisitions and divestitures may not materialize as expected; delays or problems in completing planned operational enhancements to various facilities; our achieving less than anticipated benefits and/or incurring greater than anticipated costs relating to streamlining initiatives or that such initiatives may be delayed or not fully implemented due to operational, legal or other challenges; changes in product mix; the possibility that changes in technology or market requirements will reduce the demand for our products; the possibility of significant declines in our backlog; the possibility of breaches of our information technology infrastructure; the development and marketing of new products and manufacturing processes and the inherent risks associated with such efforts and the ability to identify and enter new markets; the outcome of current and future litigation; our ability to retain key personnel; our ability to adequately protect our proprietary rights; the possibility of adverse effects resulting from the expiration of issued patents; the possibility that we may be required to recognize impairment charges against goodwill and non-amortizable assets in the future; the possibility of increasing levels of excess and obsolete inventory; increases in our employee benefit costs could reduce our profitability; the possibility of work stoppages, union and work council campaigns, labor disputes and adverse effects related to changes in labor laws; the accuracy of our analysis of our potential asbestos-related exposure and insurance coverage; the fact that our stock price has historically been volatile and may not be indicative of future prices; changes in the availability and cost and quality of raw materials, labor, transportation and utilities; changes in environmental and other governmental regulation which could increase expenses and affect operating results; our ability to accurately predict reserve levels; our ability to obtain favorable credit terms with our customers and collect accounts receivable; our ability to service our debt; certain covenants in our debt documents could adversely restrict our financial and operating flexibility; fluctuations in foreign currency exchange rates; and changes in tax rates and exposure which may increase our tax liabilities. Such factors also apply to our joint ventures. We make no commitment to update any forward-looking statement or to disclose any facts, events, or circumstances after the date hereof that may affect the accuracy of any forward-looking statements, unless required by law. Additional information about certain factors that could cause actual results to differ from such forward-looking statements include, but are not limited to, those items described in our filings with the Securities and Exchange Commission ("SEC"), including those in Item 1A, Risk Factors, of the Company's Form 10-K for the year ended December 31, 2013 and subsequent Securities and Exchange Commission filings.
Investor Contact:
William J. Tryon, Director of Investor and Public Relations
Phone: 860-779-4037
Fax: 860-779-5509
Email: william.tryon@rogerscorp.com
Website Address:
www.rogerscorp.com