Core Molding Technologies Appoints New Board Member
COLUMBUS, Ohio, Jan. 3, 2013
COLUMBUS, Ohio, Jan. 3, 2013 /PRNewswire/ -- Core Molding Technologies, Inc.
(NYSE MKT: CMT) announced today that Matthew Jauchius has been named to its
Board of Directors, replacing former Board member Malcolm M. Prine, who had
passed away. Mr. Jauchius is Executive Vice President, Chief Marketing
Officer for Nationwide Insurance in Columbus.
Mr. Jauchius has had broad leadership experiences since joining Nationwide in
2006. Mr. Jauchius also previously had approximately 8 years of experience
with the global management consulting firm McKinsey & Company specifically in
corporate strategy and business growth efforts.
"We're pleased to have Matt join the Board and look forward to his
contributions to Core. Matt brings a wealth of knowledge and capabilities to
the Board including experience in the automotive, industrial, insurance and
financial markets," said James L. Simonton, Chairman of the Board of Core
Molding Technologies, Inc.
"Matt's experiences and skills will be a fine complement to the diverse
talents of our current Board members. We look forward to leveraging his
strengths to benefit Core and our shareholders," Simonton said.
Core Molding Technologies, Inc. is a manufacturer of sheet molding compound
(SMC) and molder of fiberglass reinforced plastics. Core specializes in
large-format moldings and offers a wide range of fiberglass processes,
including compression molding of SMC, glass mat thermoplastics (GMT) and bulk
molding compounds (BMC); spray-up, lay-up, resin transfer (RTM) and vacuum
resin transfer molding (V-RTM). Additionally, the company offers liquid
molding of dicyclopentadiene (DCPD). Core serves a wide variety of markets,
including the medium and heavy-duty truck, marine, automotive, and other
commercial products. Headquartered in Columbus, Ohio, Core maintains plants in
Columbus and Batavia, Ohio; Gaffney, South Carolina and Matamoros, Mexico. For
further information, visit the company's website at www.coremt.com.
This press release contains certain forward-looking statements within the
meaning of the federal securities laws. As a general matter, forward-looking
statements are those focused upon future plans, objectives or performance as
opposed to historical items and include statements of anticipated events or
trends and expectations and beliefs relating to matters not historical in
nature. Such forward-looking statements involve known and unknown risks and
are subject to uncertainties and factors relating to Core Molding
Technologies' operations and business environment, all of which are difficult
to predict and many of which are beyond Core Molding Technologies' control.
These uncertainties and factors could cause Core Molding Technologies' actual
results to differ materially from those matters expressed in or implied by
such forward-looking statements.
Core Molding Technologies believes that the following factors, among others,
could affect its future performance and cause actual results to differ
materially from those expressed or implied by forward-looking statements made
in this press release: business conditions in the plastics, transportation,
watercraft and commercial product industries; federal and state regulations
(including engine emission regulations); general economic, social and
political environments in the countries in which Core Molding Technologies
operates; safety and security conditions in Mexico; dependence upon two major
customers as the primary source of Core Molding Technologies' sales revenues;
recent efforts of Core Molding Technologies to expand its customer base;
failure of Core Molding Technologies' suppliers to perform their contractual
obligations; the availability of raw materials; inflationary pressures; new
technologies; competitive and regulatory matters; labor relations; the loss or
inability of Core Molding Technologies to attract and retain key personnel;
compliance changes to federal, state and local environmental laws and
regulations; the availability of capital; the ability of Core Molding
Technologies to provide on-time delivery to customers, which may require
additional shipping expenses to ensure on-time delivery or otherwise result in
late fees; risk of cancellation or rescheduling of orders; management's
decision to pursue new products or businesses which involve additional costs,
risks or capital expenditures; and other risks identified from time-to-time in
Core Molding Technologies' other public documents on file with the Securities
and Exchange Commission, including those described in Item 1A of the 2011
Annual Report to Shareholders on Form 10-K.
SOURCE Core Molding Technologies, Inc.
Contact: Herman F. Dick, Jr. +1-614-870-5604
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