MAYFIELD HEIGHTS, Ohio--(BUSINESS WIRE)--
Materion Corporation (NYSE:MTRN) announced today that Senior Vice
President, Finance and Chief Financial Officer John D. Grampa, 67, plans
to retire from the Company prior to the end of 2015, following 17 years
of service with Materion. The Company's Board of Directors has appointed
Joseph P. Kelley, 42, to succeed him as Vice President, Finance and
Chief Financial Officer, and his appointment will be effective January
1, 2015.
Mr. Grampa assumed the CFO role in November 1999. Until his retirement,
he will maintain his responsibilities for global procurement,
information technology and corporate communications as Senior Vice
President, Administration, and will continue to work with Mr. Kelley to
ensure a smooth transition of leadership responsibilities.
Mr. Kelley has served as Vice President, Finance, a position he assumed
in October 2013. In his current role, Mr. Kelley leads the Company's
accounting, internal audit and financial planning functions. As CFO,
reporting to Materion Chairman, President and Chief Executive Officer,
Richard J. Hipple, he will also have executive responsibility for
Materion's tax, treasury and investor relations functions.
Mr. Kelley joined Materion in December 2011 as Vice President, Finance
for the Advanced Materials Group. Prior to joining Materion, Mr. Kelley
had been Vice President of Planning and Investor Relations at PolyOne
Corporation in Avon Lake, Ohio. Earlier, he served in progressively
responsible financial management positions in North America and Europe
with Lincoln Electric, CNH Global NV, Lante Corporation and PwC. He
holds a Bachelor of Science degree in business administration from John
Carroll University.
Commenting on the promotion to CFO, Mr. Hipple said, "During his time at
Materion, Joe has demonstrated outstanding leadership and insight. His
broad array of experience, here and prior to Materion, are a tremendous
asset to us. I am pleased to have his focused leadership as we continue
to deliver strong earnings and margins, sustainable market advantage, an
enviable balance sheet and an attractive return to shareholders."
Mr. Hipple continued, "This planned transition also presents an
opportunity to recognize the innumerable contributions that John Grampa
has made to Materion. Throughout his remarkable career, John has been an
outstanding steward of Materion's finance function globally, while also
a key strategic partner in setting the direction that has enabled our
transformation to a global leader in advanced materials and in building
our financial strength across the global organization. Materion will
continue to build on the strong foundation John will be leaving us."
Materion Corporation is headquartered in Mayfield Heights, Ohio. The
Company, through its wholly owned subsidiaries, supplies highly
engineered advanced enabling materials to global markets. Products
include precious and non-precious specialty metals, inorganic chemicals
and powders, specialty coatings, specialty engineered beryllium alloys,
beryllium and beryllium composites, and engineered clad and plated metal
systems.
Materion Corporation
Investor Contact:
Michael
C. Hasychak, 216-383-6823
mike.hasychak@materion.com
or
Media
Contact:
Patrick S. Carpenter, 216-383-6835
patrick.carpenter@materion.com
http://www.materion.com
Mayfield
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Source: Materion Corporation
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