Unifrax Announces Senior Executive Changes
By PRN NewsWire
By PRN NewsWire
TONAWANDA, N.Y., June 25, 2015 /PRNewswire/ — Unifrax I LLC (“Unifrax”), the Tonawanda, N.Y. based manufacturer of specialty fiber products, announced today that Duncan Yardley has been promoted to Executive Vice President and Chief Operating Officer, and John Dandolph has been promoted to Executive Vice President and Chief Financial & Strategy Officer. Unifrax is majority owned by affiliates of American Securities LLC.
Effective July 1, 2015, Duncan Yardley will assume the newly created position of Executive Vice President and Chief Operating Officer. Mr. Yardley will be directly responsible for the company’s operating segments; Emission Control, Thermal Management, and Specialty Fibers as well as the company’s Research and Development, Engineering, and World Class Manufacturing activities. Mr. Yardley joined the company in 1991 and progressed through various functional and leadership roles. His most recent assignment was Senior Vice President – Specialty Fibers and World Class Manufacturing. Prior to that, he served as Senior Vice President – Europe and Africa. Mr. Yardley is a graduate of Cambridge University.
Effective July 1, 2015, John Dandolph will assume the newly created position of Executive Vice President and Chief Financial & Strategy Officer. Mr. Dandolph currently serves as Senior Vice President and Chief Financial Officer of the company, a role he’s held since December, 2013. In addition to his current responsibilities, Mr. Dandolph will lead the company’s strategy development, risk management, information technology, and acquisition activities. His responsibilities will include oversight of the company’s investment in Luyang Shandong Share Company (“Luyang”), a publically listed company on the Shenzhen Stock Exchange, of which Unifrax owns 29%. Mr. Dandolph serves on the Board of Luyang. Prior to joining Unifrax, Mr. Dandolph held various financial and general management positions in General Electric and Momentive Performance Materials, serving most recently as President of Momentive’s Silicones and Quartz Division. He is a graduate of Boston University.
David E. Brooks, Unifrax President & CEO comments, “We are excited to announce these changes which help bring additional focus to important areas in the company. John, Duncan, and I will work with the senior management team to drive continued growth and shareholder value.”
Unifrax I LLC is a leading global supplier of insulation products that are used in many high-temperature industrial, automotive and fire protection applications. The Company has 25 manufacturing facilities in the United States, Europe, the Middle East, Russia, Asia, South Africa and Latin America and employs approximately 2,200 people worldwide.
American Securities is a leading U.S. private equity firm with approximately $15 billion under management. Based in New York with an office in Shanghai, American Securities invests in market-leading North American companies with annual revenues generally ranging from $200 million to $2 billion and/or $50 million to $200 million of EBITDA.
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Unifrax I LLC
CONTACT: Virginia Cantara, Unifrax I LLC, (716) 768-6295
Web site: http://www.unifrax.com/