Global Brass and Copper Holdings, Inc. (NYSE: BRSS) (“GBC” or the “Company”) today announced that John J. Wasz has been elected by the Board of Directors to the position of Chief Executive Officer and will assume a seat on the Board of Directors of the Company effective immediately. Earlier today, John H. Walker retired from his position as Chief Executive Officer of the Company, but he will continue to serve as the Non-Executive Chairman of the Board of Directors.
“John Walker has been instrumental in leading GBC’s transformation and building a strong foundation for the Company’s long-term success. During his tenure, the team restructured the business including rationalizing product offerings, implementing a culture of continuous improvement, and streamlining operations to expand profitability in a difficult operating environment,” commented Ronald Whitaker, Non-Executive Director. “In addition, John Walker assembled a strong management team with deep industry experience, including John Wasz who joined as Olin Brass’s President in 2010, setting the stage for a seamless leadership transition. We thank John Walker for his many contributions over the years, and are excited that GBC will continue to benefit from his experience as the Non-Executive Chairman of GBC’s Board of Directors.”
Mr. Wasz joined the Company as the President of Olin Brass in 2010. On January 9, 2012, Mr. Wasz was elected to the position of Chief Operating Officer of GBC, and on September 6, 2013, he was elected to President of the Company. Under Mr. Wasz’s leadership, Olin Brass experienced a significant improvement in profitability since 2010. Prior to joining GBC, he served in a senior leadership capacity at Aleris International, Inc. and as executive vice president and president of Aleris Rolled Products North America, an aluminum manufacturer. Mr. Wasz also brings a wealth of experience from prior senior leadership roles including as president at Alflex, a subsidiary of Commonwealth Industries, a manufacturer of electrical armored cable, along with serving in several other management capacities at other predecessor companies throughout his career, which spans 30 years in the metals industry.
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