- Improves Accuride`s Cost Structure and P&L Accountability
- Drew Hofley and Chad Monroe Promoted to Sales & Marketing Leadership Roles
EVANSVILLE, Ind. - January 13, 2014 - Accuride Corporation (ACW), a leading supplier of components to the North American commercial vehicle industry, today announced that it is realigning its Sales & Marketing organization as part of the continued streamlining of the Company`s management and cost structure. The realignment creates greater P&L accountability for its Accuride Wheels and Gunite business units and supports continued executive-level engagement with the company`s key customers. As part of the streamlining, Accuride has appointed Drew Hofley and Chad Monroe to new leadership roles in its Sales & Marketing function, effective immediately.
Drew Hofley is promoted to Vice President - Regional Sales, and will report directly to Scott Hazlett, Senior Vice President - Operations, who leads the Company`s Accuride Wheels and Gunite businesses. In his new capacity, Hofley will lead the regional sales team in profitably growing business with regional OEMs, National and Regional fleets and Warehouse-Distributor aftermarket accounts. Prior to joining Accuride in July 2012 as Director - Sales, Southwest Region, Hofley led Booz Allen Hamilton`s U.S. Marine Corps business in the Pacific. His corporate career includes sales and general management leadership roles with manufacturers in Michigan and California. Hofley recently completed 28 years of active and reserve service with the U.S. Marine Corps as a Commissioned Officer and Aviator. He earned a bachelor`s degree in physical science from the United States Naval Academy, and a master`s degree in aeronautical science from Embry Riddle Aeronautical University.
In addition to Hofley, Tony Pape, Director - Aftermarket Strategy & Sales, will report directly to Hazlett. These reporting changes provide Hazlett with greater P&L responsibility for Wheels and Gunite, including the achievement of targeted sales and market share expansion objectives for these businesses.
Chad Monroe is promoted to Vice President - OEM Sales, Marketing and Business Development, reporting directly to President & CEO Rick Dauch. Monroe will work closely with the senior leadership team to expand business with Accuride`s primary OEM customers, both in North America and selectively on a global basis. Previously, Monroe led Accuride`s Investor Relations and Business Development functions. He joined Accuride in May 2006 from Ford Motor Company, where he held a range of roles in pricing and financial analysis. He earned his bachelor`s degree and MBA from Brigham Young University.
"The changes we are making today position us to support key customers and drive accountability for profitable sales and market share expansion," Accuride President and CEO Rick Dauch said. "These changes reflect our commitment to realize the full commercial value of recent capital investments that have greatly improved quality, delivery and lead-time performance here at Accuride. Competitively repositioned, we are working to ensure that our customers benefit from the Company`s industry-leading products and technologies, including the all-new Steel Armor(TM) corrosion-fighting coating for steel wheels and the Gunite® family of Gold and Silver Lightweight brake drums."
As a result of Accuride`s organizational changes, Chuck Byrnes, Accuride Senior Vice President of Sales & Marketing, is leaving the Company. "The Accuride Leadership Team would like to express its gratitude to Chuck for his contributions to the Company`s `Fix and Grow` strategy over the past two and a half years and wish him the very best in his future career," Dauch said.
About Accuride Corporation
With headquarters in Evansville, Ind., USA, Accuride Corporation is a leading supplier of components to the North American commercial vehicle industry. The company`s products include commercial vehicle wheels; wheel-end components and assemblies; and specialty cast-iron components for a range of agricultural, construction and mining, and oil and gas equipment applications. The company`s products are marketed under its brand names, which include Accuride®, Accuride Wheel End SolutionsTM, Gunite®, and BrillionTM. Accuride`s common stock trades on the New York Stock Exchange under the ticker symbol ACW. For more information, visit the Company`s website at http://www.accuridecorp.com.
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Source: Accuride Corporation via GlobeNewswire