BUFFALO, N.Y.--(BUSINESS WIRE)--
Gibraltar Industries, Inc. (Nasdaq: ROCK), a leading manufacturer and distributor of building products for industrial, infrastructure, residential, and renewable energy and conservation markets, today announced the promotion of Jeffrey Watorek to Vice President, Treasurer and Secretary, effective April 1, 2017. Mr. Watorek, currently Director of Financial Planning & Analysis, will succeed Timothy Murphy, who was recently appointed Chief Financial Officer.
“Jeff brings a deep understanding of Gibraltar’s business drivers and demonstrated financial expertise to his new role,” said Chief Financial Officer Timothy Murphy. “Jeff has been a key player in driving the analysis required to implement our 80/20 initiatives and in prospecting our M&A targets. His leadership will be an important asset as we continue implementing our four-pillar strategy towards sustainable growth.”
Mr. Watorek, age 37, joined Gibraltar as Manager of External Reporting in 2008 and in 2012 he was appointed Director of Financial Planning & Analysis. His experience at Gibraltar includes budgeting and forecasting, managing the Company’s real estate portfolio, as well as valuation and due diligence of prospective M&A targets.
Prior to joining the Company, Mr. Watorek served as a Manager at Ernst & Young. He holds a BA and MBA from Canisius College.
About Gibraltar
Gibraltar Industries is a leading
manufacturer and distributor of building products for industrial,
infrastructure, residential, and renewable energy and conservation
markets. With a four-pillar strategy focused on operational improvement,
product innovation, acquisitions and portfolio management, Gibraltar’s
mission is to drive best-in-class performance. Gibraltar serves
customers primarily throughout North America, and to a lesser extent
Asia. Comprehensive information about Gibraltar can be found on its
website at www.gibraltar1.com.
Safe Harbor Statement
Information contained in this news
release, other than historical information, contains forward-looking
statements and is subject to a number of risk factors, uncertainties,
and assumptions. Risk factors that could affect these statements
include, but are not limited to, the following: the availability of raw
materials and the effects of changing raw material prices on the
Company’s results of operations; energy prices and usage; changing
demand for the Company’s products and services; changes in the liquidity
of the capital and credit markets; risks associated with the integration
and performance of acquisitions; and changes in interest and tax rates.
In addition, such forward-looking statements could also be affected by
general industry and market conditions, as well as general economic and
political conditions. The Company undertakes no obligation to update any
forward-looking statements, whether as a result of new information,
future events or otherwise, except as may be required by applicable law
or regulation.
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