Wern-Lirn (Paul) Wang Named Xerium - President of Asia
YOUNGSVILLE, N.C., March 18, 2014 (GLOBE NEWSWIRE) -- Harold Bevis, the
President and CEO of Xerium Technologies, Inc. (NYSE:XRM), a leading global
provider of industrial consumable products and services, announced today the
hiring of Mr. Wern-Lirn (Paul) Wang to the position of Xerium - President of
Asia. Mr. Wang will be based in Xerium's Asia headquarters office in Shanghai,
China and willhave full responsibility for the fast-growing Asia region.Mr.
Wang will be responsible for delivering Xerium-Asia's long-term and short-term
business plans, maintaining and strengthening customer relationships, leading
improvement initiatives and accelerating growth and profit rates.
Harold Bevis said "Xerium has a very successful and growing business in Asia.
Paul will be taking over a great business for Xerium and taking it to the next
level. Xerium is investing into and expanding all 4 of its Asian plants and
also is building a 5^th new, greenfield plant in Ba Cheng, China. Paul is a
seasoned international businessman with strengths in Asia. He adds a lot to
our Asian business and to our top executive team. He is Xerium's first Asian
national leader and we expect him to make a big difference for the company. He
will shape the Asian team under him, refine the company's product offerings,
expand our production capabilities, and deepen our Value Results selling
"Xerium is an expert at creating productivity for our customers and we have an
arsenal of patented solutions," continued Mr. Bevis. "Asia is an extremely
important market for Xerium and it is imperative that Xerium continue to
profitably grow its Asian business. We hope that one day Asia will be the
biggest business for Xerium. Mr. Paul Wang will lead all of our Asian efforts
and will help me lead the whole company as a top executive of the company."
Wern-Lirn Wang said, "I am excited to join Xerium at this time and am honored
to accept this opportunity to lead the efforts of Xerium's Asia region.It is
my goal to ensure alignment with the company's long-term strategy and address
future market demands and opportunities while establishing strong
relationships with critical regional customers.Our team will ensure the
infrastructure in the Asia region is in place to meet our customer's
expectations for new technology and high quality products that are delivered
at low costs with best-in-class service. We will leverage the know-how of
global Xerium to achieve our expected financial outcomes."
Wern-Lirn (Paul)Wang Background Highlights
*30+ years of technical, operational, managerial and executive leadership
*Seasoned international leader with experience residing and operating in
China, USA, Taiwan and Hong Kong.
*Many years of full P&L responsibility with functional leadership
experiences including manufacturing, project management, business
development, sales and marketing.
*Tech savvy business leader with a balance of commercial and operations
experience; proven track record of organic growth and hands-on experience
with M&A, JV development and manufacturing operations.
*Most recently, the CEO of Asia Timber Products where he led the MDF &
laminated flooring manufacturer in China with US$240 million in sales (4
plants across China & 2,200 employees).Turned the company around from a
loss & cash depleting position to $20+ million EBITDA.
*Prior to Asia Timber Products, held leadership positions at
Owens-Illinois, International Paper, PPG & Owens-Corning Fiberglass.
*BS in Chemical Engineering from National Taiwan University, MS in Chemical
Engineering from Pennsylvania State University, MS in Material Sciences &
Engineering and an MBA from Massachusetts Institute of Technology (MIT).
*Married with 3 children.
Xerium Technologies, Inc. (NYSE:XRM) is a leading global provider of
industrial consumable products and services. Xerium, which operates around the
world under a variety of brand names, utilizes a broad portfolio of patented
and proprietary technologies to provide customers with tailored solutions and
products integral to production, all designed to optimize performance and
reduce operational costs. With 28 manufacturing facilities in 12 countries
around the world, Xerium has approximately 3,200 employees.
This press release contains forward-looking statements. The words "believe,"
"estimate," "expect," "intend," "anticipate," "goals," variations of such
words, and similar expressions identify forward-looking statements, but their
absence does not mean that the statement is not forward-looking.Actual
results may differ materially from these forward-looking statements and
estimates as a result of various important factors, including, without
limitation, actual market growth in Asia, generally and for the company, the
other factors discussed in our annual report on Form 10-K for the fiscal year
ended December31, 2013, and our other SEC filings, all of which are on file
with the SEC and are available in the investor relations section of our
website at www.xerium.com.Any forward-looking statements are as of the date
hereof, and we assume no obligation to publicly update or revise these
forward-looking statements for any reason, whether as a result of new
information, future events, or otherwise, except as may be required by law.
CONTACT: Xerium Technologies, Inc.
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