Amsterdam, 15 April 2013 --- AMG Advanced Metallurgical Group N.V. ("AMG", EURONEXT AMSTERDAM: "AMG" or the "Company") announced today that it has appointed Ms. Amy Ard as Chief Financial Officer ("CFO"). Ms. Ard succeeds Mr. William J. Levy, who will step down following completion of his term as Management Board member on May 13, 2013. Mr. Levy will assist in an orderly transition to Ms. Ard until that date and will become a Senior Advisor to AMG, assisting the Company in matters related to financings.
Ms. Ard is currently the Senior Vice President and Group Controller of AMG and she has held various senior level financial positions at AMG and predecessor companies since 2005. Ms. Ard was the Controller during AMG's IPO in 2007 and she has served as Treasurer and Secretary of AMG businesses. She is a Certified Public Accountant with more than 18 years' experience across a variety of industrial companies, having worked with both small and large companies in the private and public arenas. The Supervisory Board intends to nominate Ms. Ard as member of the Management Board of the company at the next available opportunity.
AMG's Supervisory Board thanks Mr. Levy for his financial leadership and guidance of the Company. Dr. Heinz Schimmelbusch, CEO and Chairman of the Management Board commented, "We greatly appreciate Bill's significant contributions to AMG. He has led AMG's finance function since the time as a private company and built a highly qualified finance team necessary for a listed company. We wish him the best in his future endeavors. We are very pleased that Ms. Ard, the senior member of that team, succeeds Bill as CFO. She will bring continuity, stability, and leadership to AMG's finance department".
AMG creates and applies innovative metallurgical solutions to the global trend of sustainable development of natural resources and CO2 reduction. AMG produces highly engineered specialty metal products and advanced vacuum furnace systems for the Energy, Aerospace, Infrastructure and Specialty Metals and Chemicals end markets. AMG consists of three segments, AMG Processing, AMG Engineering and AMG Mining.
AMG Processing develops and produces specialty metals, alloys and high performance materials. AMG is a significant producer of specialty metals, such as ferrovanadium, ferronickel-molybdenum, aluminum master alloys and additives, chromium metal and ferrotitanium, for Energy, Aerospace, Infrastructure and Specialty Metal and Chemicals applications. Other key products include specialty alloys for titanium and superalloys, coating materials and vanadium chemicals.
AMG Engineering designs, engineers and produces advanced vacuum furnace systems and operates vacuum heat treatment facilities, primarily for the Aerospace and Energy (including solar and nuclear) industries. Furnace systems produced by AMG include vacuum remelting, solar silicon melting and crystallization, vacuum induction melting, vacuum heat treatment and high pressure gas quenching, turbine blade coating and sintering. AMG also provides vacuum case-hardening heat treatment services on a tolling basis.
AMG Mining produces critical materials utilizing its secure raw material sources in Africa, Asia, Europe and South America. AMG Mining produces critical materials such as high purity natural graphite, tantalum, antimony and silicon metal. These materials are of significant importance to the global economy and are available in limited supply. End markets for these materials include electronics, energy efficiency, green energy and infrastructure.
With over 3,000 employees, AMG operates globally with production facilities in Germany, the United Kingdom, France, Czech Republic, United States, China, Mexico, Brazil, Turkey, Poland, India and Sri Lanka and has sales and customer service offices in Belgium, Russia and Japan (www.amg-nv.com).
For further information, please contact:
AMG Advanced Metallurgical Group N.V. +1 610 975 4901
Vice President of Corporate Development and Corporate Communications
Certain statements in this press release are not historical facts and are "forward looking." Forward looking statements include statements concerning AMG's plans, expectations, projections, objectives, targets, goals, strategies, future events, future revenues or performance, capital expenditures, financing needs, plans and intentions relating to acquisitions, AMG's competitive strengths and weaknesses, plans or goals relating to forecasted production, reserves, financial position and future operations and development, AMG's business strategy and the trends AMG anticipates in the industries and the political and legal environment in which it operates and other information that is not historical information. When used in this press release, the words "expects," "believes," "anticipates," "plans," "may," "will," "should," and similar expressions, and the negatives thereof, are intended to identify forward looking statements. By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and risks exist that the predictions, forecasts, projections and other forward-looking statements will not be achieved. These forward-looking statements speak only as of the date of this press release. AMG expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statement contained herein to reflect any change in AMG's expectations with regard thereto or any change in events, conditions, or circumstances on which any forward-looking statement is based.