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July 02, 2015 8:44 AM ET

Metals and Mining

Company Overview of Aleris Corporation

Company Overview

Aleris Corporation manufactures and sells aluminum rolled products. The company operates through North America, Europe, and Asia Pacific segments. It offers rolled aluminum and coated products for use in the aerospace, automotive, transportation, building and construction, electrical, mechanical engineering, metal distribution, and packaging industries. The company offers its products to end-users and distributors through sales force, as well as sales offices and agents. Aleris Corporation was founded in 1985 and is headquartered in Cleveland, Ohio.

25825 Science Park Drive

Suite 400

Cleveland, OH 44122

United States

Founded in 1985

5,100 Employees

Phone:

216-910-3400

Fax:

216-910-3650

Key Executives for Aleris Corporation

Chairman, Chief Executive Officer and Chairman of Executive Committee
Age: 57
Chief Financial Officer, Executive Vice President and Treasurer
Age: 41
Vice President of Operations
Age: 54
Executive Vice President and Chief Executive Officer of Aleris North America
Age: 48
Executive Vice President and Chief Executive Officer of Aleris Europe
Age: 58
Compensation as of Fiscal Year 2015.

Aleris Corporation Key Developments

Aleris Announces Management Changes

Aleris has promoted Philippe Meyer, its chief technology officer, to senior vice president, reporting to chairman and CEO, Steve Demetriou. The company also announced the appointment of Ingo Kroepfl as vice president of global aerospace. Meyer, who is responsible for R&D and process excellence has built the company's global technology infrastructure which will include five global innovation centers across North America, Europe and Asia Pacific. Meyer's promotion reflects the company's growing focus on R&D and process excellence as it sharpens its focus on delivering technologically advanced, higher value products to industries including automotive and aerospace. The company will continue to be organized in three regions, North America, Europe and Asia Pacific. Sean Stack, executive vice president and CEO, Aleris North America, will continue to lead the company's North America business, which includes leading the successful completion of the company's $350 million automotive expansion project in Lewisport, Kentucky. Roeland Baan has been appointed executive vice president and CEO, Aleris Europe. Baan, who most recently served as executive vice president and CEO, Aleris Asia Pacific, will now be responsible for the company's operations and commercial organization in Europe as well as the company's global aerospace and automotive segments. John Zhu, senior vice president and president, Aleris Asia Pacific, will now lead all operations and commercial activities for the company's world-class aerospace plate mill in Zhenjiang, China. Stack, Baan, and Zhu will all report directly to Aleris Chairman and CEO Steve Demetriou. Ingo will replace Johan Petry, who has been appointed vice president, Europe Industrial. Kroepfl has held a number of critical technical leadership roles over the course of his career at Aleris, including his most recent assignment as managing director, Aleris Zhenjiang, where he was responsible for the successful construction and ramp-up of the Zhenjiang aerospace plate mill. Petry has held various commercial leadership positions across the Aleris product portfolio, and most recently served as vice president, Aerospace. Kroepfl and Petry will both report directly to Baan.

Aleris Announces Management Changes

Aleris announced that the company will continue to be organized in three regions, North America, Europe and Asia Pacific. Sean Stack, executive vice president and CEO, Aleris North America, will continue to lead the company's North America business, which includes leading the successful completion of the company's $350 million automotive expansion project in Lewisport, Kentucky. Roeland Baan has been appointed executive vice president and CEO, Aleris Europe. Baan, who most recently served as executive vice president and CEO, Aleris Asia Pacific, will now be responsible for the company's operations and commercial organization in Europe as well as the company's global aerospace and automotive segments. John Zhu, senior vice president and president, Aleris Asia Pacific, will now lead all operations and commercial activities for the company's world-class aerospace plate mill in Zhenjiang, China. Stack, Baan, and Zhu will all report directly to Aleris Chairman and CEO Steve Demetriou. The company also announced the promotion of Aleris Chief Technology Officer, Philippe Meyer, to senior vice president, now also reporting to Demetriou. Meyer, who is responsible for research and development and process excellence has built the company's global technology infrastructure which will include five global innovation centers across North America, Europe and Asia Pacific. In the company's commercial organization, Aleris announced the appointment of Ingo Kroepfl, vice president, global Aerospace. Ingo will replace Johan Petry, who has been appointed vice president, Europe Industrial. Kroepfl has held a number of critical technical leadership roles over the course of his career at Aleris, including his most recent assignment as managing director, Aleris Zhenjiang, where he was responsible for the construction and ramp-up of the Zhenjiang aerospace plate mill. Petry has held various commercial leadership positions across the Aleris product portfolio, and most recently served as vice president, Aerospace. Kroepfl and Petry will both report directly to Baan.

Aleris Corporation Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015

Aleris Corporation announced unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported revenues were $746.2 million compared to $590.9 million for the same period a year ago. Operating loss was $17.5 million compared to operating income of $4.8 million for the same period a year ago. Loss from continuing operations before income taxes was $27.9 million compared to $21.0 million for the same period a year ago. Net income attributable to the company was $105.4 million compared to net loss attributable to the company of $17.6 million for the same period a year ago. Loss from continuing operations was $25.6 million compared to $21.2 million a year ago. Total adjusted EBITDA was $55.0 million compared to $43.4 million for the same period a year ago. EBITDA from continuing operations was $35.2 million compared to $30.0 million for the same period a year ago. Net cash used in operating activities was $120.3 million compared to net cash provided by operating activities of $27.8 million for the same period a year ago. Payments for property, plant and equipment was $65.2 million compared to $47.5 million for the same period a year ago.

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