Investor Press Release
August J. Coppola Promoted to Senior Vice President - Quanex Building Products
HOUSTON, Jul 16, 2010 (GlobeNewswire via COMTEX) --
Quanex Building Products Corporation (NYSE:NX) announced today that August (Gus) J. Coppola, 61, was promoted to Senior Vice President of Quanex Building Products, reporting to David D. Petratis, chairman and chief executive officer. Coppola was formerly the president of the company's Truseal business. In his new role, Coppola's key responsibility will be to serve as the champion of Quanex's Project Nexus initiative.
Project Nexus is a sales growth initiative formally launched by Quanex earlier this year that calls for the integration of its Engineered Products Group (EPG) sales, marketing and product development teams. The goals of this integrated team are to facilitate and optimize the design, development, marketing and sales of EPG's current and future lines of window and door components, systems and services, targeting its traditional customer base through cross-selling efforts as well as new customers, primarily regional OEMs, that Quanex had underserved in the past. Coppola will be responsible for organizing the various EPG teams into a cohesive force that will grow profitable sales at a pace faster than the market itself.
"Gus brings the essential experience, background and management philosophy necessary to champion this strategic initiative," said David D. Petratis. "I believe Gus' energy, years of experience in the industry and management skills suit our needs perfectly. Reporting to Gus will be all of EPG's sales and marketing personnel. With Gus as our champion, I am confident that he and his new team are up to the task of driving profitable sales," concluded Petratis.
Quanex Building Products Corporation is an industry-leading manufacturer of engineered materials, components and systems serving the U.S. residential window and door markets. It is a ROIC-driven company that grows shareholder returns through a combination of organic growth via new products and new programs like Project Nexus, and strategic acquisitions.
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Statements that use the words "expect," "should," "believe," "will," "might," or similar words reflecting future expectations or beliefs are forward-looking statements. The statements found above are based on current expectations. Actual results or events may differ materially from this release. Factors that could impact future results may include, without limitation, the effect of both domestic and global economic conditions, the impact of competitive products and pricing, and the availability and cost of raw materials. For a more complete discussion of factors that may affect the company's future performance, please refer to the company's most recent 10-K filing on December 18, 2009, under the Securities Exchange Act of 1934, in particular the section titled, "Private Securities Litigation Reform Act" contained therein. The forward-looking statements are intended to express the company's expectations as of the date of this release. The company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
For general information about Quanex, visit our website at www.quanex.com.
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SOURCE: Quanex Building Products Corporation
CONTACT: Quanex Building Products Corporation Financial Contact: Jeff Galow 713-877-5327 Media Contact: Valerie Calvert 713-877-5305