Attached files
| file | filename |
|---|---|
| EX-10.3 - EXHIBIT 10.3 - U.S. CONCRETE, INC. | exhibit103amendmenttojod.htm |
| EX-10.1 - EXHIBIT 10.1 - U.S. CONCRETE, INC. | exhibit101johnkunzofferl.htm |
| 8-K - 8-K - U.S. CONCRETE, INC. | a8-k20170908item502cfo.htm |
For Immediate Release
U.S. CONCRETE HIRES JOHN E. KUNZ AS CHIEF FINANCIAL OFFICER
- Possesses over three decades of financial and operational experience, including the last
13 years as an executive with a leading publicly-traded company -
EULESS, Texas, September 8, 2017 – U.S. Concrete, Inc. (NASDAQ: USCR) (“the
“Company”) announced today that it has hired financial executive John E. Kunz to join the
executive team as Senior Vice President and Chief Financial Officer. Mr. Kunz brings over
30 years of financial expertise to U.S. Concrete, including accounting, tax, finance, and
capital markets experience. Mr. Kunz also has extensive experience in corporate
governance compliance, public company reporting and internal controls.
“John is highly respected within the financial community and we are very pleased he is
joining our Company during this stage of our growth,” said William J. Sandbrook,
President and Chief Executive Officer of U.S. Concrete, Inc. “He possesses all of the
qualities we were looking for in our next CFO. He has extensive experience serving in
executive and board positions in public companies, overseeing capital markets, accounting,
tax, transactional work and leading finance teams. We are confident his skills and
leadership will be valuable assets as we continue to execute our long-term growth
strategy.”
Mr. Kunz was most recently the Vice President, Corporate Controller and Principal
Accounting Officer of Tenneco, Inc. (NYSE: TEN), a global manufacturer of automotive
and commercial vehicle clean air and ride performance systems where he most recently
was responsible for a team that handled all corporate and business unit accounting
functions including consolidations, financial planning and analysis, and Securities and
Exchange Commission reporting. Previously, he was the company’s Vice President,
Treasurer and Tax, and had responsibility for the capital structure and liquidity for the
company as well as the global tax function. He also held positions in the finance
departments at Great Lakes Chemical Corporation, Weirton Steel Corporation and KPMG
LLP. Mr. Kunz is a member of the audit, compensation, and nominating and corporate
governance committees of the board of directors of Wabash National Corporation, a
diversified industrial manufacturing company.
Mr. Kunz holds a Master of Management in Finance from the Kellogg School of
Management at Northwestern University, along with an undergraduate degree from The
University of Notre Dame.
Mr. Kunz stated, “I am very excited to be joining the talented team at U.S. Concrete, an
organization that has created significant value for its shareholders over the past 26
consecutive quarters. U.S. Concrete has built up top-tier positions in some of the most
active construction markets in the country, and I look forward to using my deep financial
experience to help us further solidify our presence in these markets and expand into new
fundamentally strong regions throughout the country.”
About U.S. Concrete, Inc.
U.S. Concrete serves the construction industry in several major markets in the United States
through its two business segments: ready-mixed concrete and aggregate products. The
Company has 158 standard ready-mixed concrete plants, 17 volumetric ready-mixed
concrete facilities, and 17 producing aggregates facilities. During 2016, U.S. Concrete sold
approximately 8.1 million cubic yards of ready-mixed concrete and approximately 5.6
million tons of aggregates.
For more information on U.S. Concrete, visit www.us-concrete.com.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS
This press release contains various forward-looking statements and information that are based on
management's beliefs, as well as assumptions made by and information currently available to management.
These forward-looking statements speak only as of the date of this press release. The Company disclaims
any obligation to update these statements and cautions you not to rely unduly on them. Forward-looking
information includes, but is not limited to, statements regarding: the expansion of the business; the
opportunities and results of our acquisitions; the prospects for growth in new and existing markets;
encouraging nature of volume and pricing increases; the business levels of our existing markets; ready-
mixed concrete backlog; ability to maintain our cost structure and monitor fixed costs; ability to maximize
liquidity, manage variable costs, control capital spending and monitor working capital usage; and the
adequacy of current liquidity. Although U.S. Concrete believes that the expectations reflected in such
forward-looking statements are reasonable, it can give no assurance that those expectations will prove to
have been correct. Such statements are subject to certain risks, uncertainties and assumptions, including,
among other matters: general and regional economic conditions; the level of activity in the construction
industry; the ability of U.S. Concrete to complete acquisitions and to effectively integrate the operations of
acquired companies; development of adequate management infrastructure; departure of key personnel;
access to labor; union disruption; competitive factors; government regulations; exposure to environmental
and other liabilities; the cyclical and seasonal nature of U.S. Concrete's business; adverse weather
conditions; the availability and pricing of raw materials; the availability of refinancing alternatives; results
of litigation; and general risks related to the industry and markets in which U.S. Concrete operates. Should
one or more of these risks materialize, or should underlying assumptions prove incorrect, actual results or
outcomes may vary materially from those expected. These risks, as well as others, are discussed in greater
detail in U.S. Concrete's filings with the Securities and Exchange Commission, including U.S. Concrete's
Annual Report on Form 10-K for the year ended December 31, 2016.
Source: USCR-G
# # #
Company Contact Information:
U.S. Concrete, Inc. Investor Relations
844-828-4774
IR@us-concrete.com
Media Contact:
Media@us-concrete.com