CLEVELAND--(BUSINESS WIRE)--Mar. 28, 2012--
Ferro Corporation (NYSE: FOE) today announced the appointment of Jeffrey
L. Rutherford as Vice President and Chief Financial Officer. Rutherford,
51, will report to James F. Kirsch, Chairman, President and Chief
Executive Officer. He will be responsible for Ferro’s financial
operations, including accounting, treasury, tax, budgeting, investor
relations, corporate development, and internal audit. He will begin his
new role at Ferro on April 2, 2012.
Rutherford was most recently Vice President and Chief Financial Officer
at Park-Ohio Holdings Corp., a publicly held provider of international
supply chain logistics services and a diversified manufacturer of highly
engineered products with sales of $967 million. He served in that role
since July 2008. During his tenure at Park-Ohio, Rutherford led a
variety of portfolio management activities, financial transactions,
holding company structural changes, and international cash management
practices that have enhanced the company’s cash flow, earnings
performance and credit profile.
Prior to his role at Park-Ohio, Rutherford was Senior Vice President and
Chief Financial Officer at UAP Holding Corp., parent of United Agri
Products, the largest distributor of agricultural inputs in North
America. UAP merged with Agrium, Inc. in 2008. From 2005 to 2007,
Rutherford served as President and Chief Executive Officer of LESCO,
Inc., and from 2002 to 2005 was that company’s Senior VP and Chief
Financial Officer. LESCO, the largest distributor of products to the
professional turf industry, was sold to Deere & Company in 2007.
Rutherford held finance positions of increasing responsibility at
OfficeMax, Inc. from 1996 through 2001. He began his career at Arthur
Andersen and is a certified public accountant. He earned a Bachelor of
Arts degree in Business Administration/Accounting from Baldwin-Wallace
College in Berea, Ohio.
“Jeff will be an excellent addition to our leadership team as we execute
strategies to strengthen Ferro and create value for our shareholders,”
said CEO James Kirsch. “His strong track record in a range of financial
and operational activities will serve him well in his senior management
role at Ferro.”
As previously announced, Thomas R. Miklich, Ferro’s current Vice
President and Chief Financial Officer, will continue as an advisor to
the Company until July 7, 2012, to facilitate a smooth transition in
financial operations leadership.
About Ferro Corporation
Ferro Corporation (www.ferro.com)
is a leading global supplier of technology-based performance materials
for manufacturers. Ferro materials enhance the performance of products
in a variety of end markets, including electronics, solar energy,
telecommunications, pharmaceuticals, building and renovation,
appliances, automotive, household furnishings, and industrial products.
Headquartered in Mayfield Heights, Ohio, the Company has approximately
5,100 employees globally and reported 2011 sales of $2.2 billion.
Source: Ferro Corporation
Mary Abood, Director,
Corporate Communications, 216-875-5401
David Longfellow, Director, Investor Relations,