FREDERICK, Md.--(BUSINESS WIRE)--Oct. 1, 2012--
U.S. Silica Holdings, Inc. (NYSE: SLCA) today announced that William A.
White will retire as Chief Financial Officer effective as of December
31, 2012. The Company also announced that Donald A. Merril was appointed
Vice President of Finance effective October 1, 2012. Mr. Merril will
assume the Chief Financial Officer position upon Mr. White’s retirement,
effective January 1, 2013.
Bryan Shinn, President and Chief Executive Officer, commented on Mr.
White’s retirement, “Bill has left a lasting impact on US Silica and the
silica sand industry. In his 21 year career at US Silica his
extraordinary leadership, passion for our business, and keen insights
have positioned US Silica as one of the most respected and admired
companies in the industry. On behalf of everyone at US Silica, I thank
Bill for his tremendous contributions to our company and wish him all
the best in retirement.”
Prior to joining the company, Mr. Merril, age 48, served as Senior Vice
President and Chief Financial Officer of Myers Industries, Inc. from
January 2006 until August 31, 2012. Prior to Myers Industries, Mr.
Merril held the role of Vice President and Chief Financial Officer,
Rubbermaid Home Products Division at Newell Rubbermaid from 2003 through
2006. “Don is a valued addition to our executive management team and I
have confidence in his abilities as a Vice President of Finance and
future Chief Financial Officer of US Silica,” commented Mr. Shinn. “We
are very fortunate to have Don filling the role of CFO, beginning in
January. Don has a long history of leadership with public companies. He
brings deep financial expertise and an extensive background with SEC
compliance.”
Also announced by U.S. Silica Holdings, Inc., is that Brian Slobodow,
the company’s Chief Administrative Officer, will resign as an executive
officer of the Company effective October 7, 2012 to become an operating
executive of Golden Gate Capital or one of its affiliates. To ensure a
smooth transition, Mr. Slobodow will continue as an employee of the
company through December 31, 2012. Mr. Slobodow will continue to serve
on the Company’s board of directors.
“Brian has been instrumental to US Silica’s recent growth and transition
from a private to a public company by serving as Chief Administrative
Officer, as a member of our board, and as our previous Chief Executive
Officer. We thank Brian for his enormous contributions to the company
and look forward to him continuing as a member of our board of
directors.”
The Company will file a Form 8-K with the Securities and Exchange
Commission later today regarding these management changes.
About U.S. Silica
U.S. Silica Holdings, Inc., a Delaware corporation, is the second
largest domestic producer of commercial silica, a specialized mineral
that is a critical input into the oil and gas proppants end market. The
company also processes ground and unground silica sand for a variety of
industrial and specialty products end markets such as glass, fiberglass,
foundry molds, municipal filtration and recreational uses. During its
100-plus year history, U.S. Silica Holdings, Inc. has developed core
competencies in mining, processing, logistics and materials science that
enable it to produce and cost-effectively deliver over 200 products to
customers across these end markets. U.S. Silica Holdings, Inc. is
headquartered in Frederick, Maryland.
For more information about US Silica visit www.ussilica.com.
Source: U.S. Silica Holdings, Inc.
U.S. Silica Holdings, Inc.
Investor Relations
855-745-4227
IR@USSilica.com
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