As part of the appointment, Lawrence Perkins, Katy's chief restructuring officer, and Curt Kroll, chief financial officer, will return to their duties.About Katy Industries, Inc. Katy is a leading manufacturer, importer and distributor of commercial cleaning and consumer storage products. Katy markets its products under the Continental, Contico, Wilen, Fort Wayne Plastics, and Commander brands. Founded in 1967, Katy is a publicly traded company (OTC: KATY) headquartered in St. Louis, and operates injection molding and manufacturing facilities in Jefferson City, Mo.; Hazelwood, Mo.; Fort Wayne, Ind.; and Tiffin, Ohio, with distribution centers in Berkeley, Mo.; and Toronto. For more information, visit: http://www.katyindustries.com/.
Katy Industries, Inc. (OTC: KATY), a leading manufacturer, importer and distributor of commercial cleaning and consumer storage products, today announced that Robert L. Guerra will join Katy as President and Chief Executive Officer and will also join its Board of Directors, effective immediately. Guerra will be responsible for leading Katy's efforts in continuing its recent growth and optimizing its operations to more effectively service its customers and re-establish itself as a leading value competitor within the markets it serves. Along with his commercial responsibilities, Robert will bring deep operational experience to develop renewed long-term partnerships with the company's supply-chain, employees and distributors. He will also oversee the execution of various growth initiatives underway at the Tiffin and Jefferson City facilities as well as several other profitability enhancing initiatives. "Robert has distinguished himself as an accomplished and transformational leader with an outstanding track record of executing strategies that accelerate operational improvement and growth," said Charles Asfour, chairman of the board and partner of Victory Park Capital Advisors. "We have full confidence that he will bring the critical insight needed to drive Katy's success and lead us in achieving the goals we have set for the company." Mr. Guerra brings more than 30 years of leadership and industrial manufacturing expertise. Prior to joining Katy, Guerra served as president of IMI Precision Engineering, where he oversaw financial performance and implemented numerous strategies to drive sales and profit growth within key market segments for all business units in the Americas. Before that, Mr. Guerra served as a president at 3Wire, where he led the company to record sales and profits by introducing and sustaining innovative business strategies to excel in customer service and product delivery. "I'm incredibly honored to join Katy, a company that has established itself as a key player in the industry," said Guerra. "The opportunities that lay ahead for Katy are enormous. Moving forward, we will approach those opportunities and continue to invest in and grow upon Katy's success."