YOUNGSVILLE, N.C., June 6, 2014 (GLOBE NEWSWIRE) -- Xerium Technologies, Inc. (NYSE:XRM), a leading global provider of industrial consumable products and services, today announced that Harold Bevis, Xerium's President and CEO, has joined the Board of Directors of Commercial Vehicle Group (Nasdaq:CVGI), a leading global provider of a full range of cab related products and systems for the global commercial vehicle market. He will serve on Commercial Vehicle Group's Audit and Compensation Committees.
Mr. Bevis said, "Commercial Vehicle Group has many similarities to Xerium. They have a new CEO with a strong improvement agenda. They are a leader at what they do. The Asian region is an important growth market of the future for them as it is for us. They are a similarly sized company to Xerium and are also a small cap stock. The fit is very good. The Board of Directors of Commercial Vehicle Group is very impressive and this will be a great opportunity to share ideas with industry leaders. I am honored to join them."
Xerium Technologies, Inc. (NYSE:XRM) is a leading global provider of industrial consumable products and services. Xerium utilizes a broad portfolio of patented and proprietary technologies to provide customers with tailored solutions and products integral to production, all designed to optimize performance and reduce operational costs. Xerium has 28 manufacturing facilities in 12 countries around the world and employs approximately 3,200 employees.
This press release contains forward-looking statements. The words "believe," "estimate," "expect," "intend," "anticipate," "goals," variations of such words, and similar expressions identify forward-looking statements, but their absence does not mean that the statement is not forward-looking. Actual results may differ materially from these forward-looking statements and estimates as a result of various important factors, including, without limitation, the factors discussed in our annual report on Form 10-K for the fiscal year ended December 31, 2013, and subsequent filings, all of which are on file with the SEC and are available in the investor relations section of our website at www.xerium.com. Any forward-looking statements are as of the date hereof, and we assume no obligation to publicly update or revise these forward-looking statements for any reason, whether as a result of new information, future events, or otherwise, except as may be required by law.
CONTACT: Xerium Technologies, Inc. Phillip Kennedy Investor Relations 919-526-1444 IR@xerium.com
Source:Xerium Technologies, Inc.