Mike Bly Hired as Executive Vice President of Global Human Resources

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Mike Bly Hired as Executive Vice President of Global Human Resources

New Position and New Organization Structure

RALEIGH, N.C.--(BUSINESS WIRE)-- Harold Bevis, Xerium CEO and President, announced today the creation of the new position of Executive Vice President of Global Human Resources and the filling of that position with the hiring of Mike Bly as the company's new global leader of all human resources. Mr. Bly will be responsible for all of Xerium's human resources - wage plans, benefit plans, insurance, union contracts, incentive plans, personal goals and objectives, human resource management systems, and career planning.


Harold Bevis said "Xerium has two objectives with this move. First, we want to instill stronger pay-for-performance regimens across all people and processes. Xerium has begun a multi-year journey to create an enterprise that sets and meets its commitments to shareholders, customers and employees. The markets that Xerium serves have fundamentally changed in the last few years and we must change our human resource approaches in order to compete and win in this environment."

"Second, we need to establish more contemporary regimens within the human resource function itself. Many of our current habits are outdated and need to be brought up to contemporary standards. We have a big opportunity to leverage our scale better, simplify our network of activities and organize and group common areas of work. This organizational move will enable that to happen naturally. All human resource personnel will report to Mike with dotted line reporting to the regional Presidents."

Mike Bly said, "I am excited to join Xerium at this time in its history and look forward to creating value for our employees, customers and investors. Simply stated, my job is to increase the output of our human resources and align our incentive structures around a pay-for-performance philosophy. That always involves consistent cost avoidance and reduction, metric and process improvement, simplification and automation. Cultural change and advancement is a key sustainable objective. I truly enjoy doing this, am experienced and have done it with Harold Bevis before. I understand his sense of urgency and his performance expectations. We are on the same page. I look forward to leading Xerium's human resource function and resetting our agenda. It will be exciting and fun."

Mike Bly Background Highlights

  • 28 years of experience leading human resource and manufacturing functions, quality, supply chain, lean manufacturing, materials optimization and substitution, standardized manufacturing systems, per unit cost reduction, customer service, and M&A operational integrations.
  • Formerly the Vice President of Human Resources for Mr. Bevis at Pliant Corporation. During that time, Pliant renegotiated all of its union contracts; achieved top-tier wage and benefit benchmarks; consolidated multiple plants and expanded multiple plants.
  • Most recently, Vice President of Human Resources at Berry Plastics (acquired Pliant Corporation in December 2009) where he had responsibility for the Flexible Packaging Division's human resource function.
  • BS in Business Administration and is currently pursuing his MBA from Kaplan University.
  • Mike achieved his Professional Human Resource (PHR) and Senior Professional Human Resource Certifications (SPHR) from the Human Resource Certification Institute.
  • Married with 3 children.

ABOUT XERIUM TECHNOLOGIES

Xerium Technologies, Inc. (NYS: XRM) is a leading global manufacturer of specially engineered fabrics, belts and roll cover technology used in the production of paper, paperboard, building products, non-wovens, and specific industrial processes. The Company, which operates around the world under a variety of brand names, 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. With 28 manufacturing facilities in 13 countries around the world, Xerium has approximately 3,275 employees.

FORWARD-LOOKING STATEMENTS

This press release contains forward-looking statements involving risks and uncertainties, both known and unknown, that may cause actual results to differ materially from those indicated. These risks and uncertainties include the following items: (1) a sustained downturn in the paper industry, compounded by uncertainty in global economic conditions, particularly those stemming from Europe, could adversely affect our revenues and profitability; (2) our cost reduction efforts may not have the positive impacts we anticipate; (3) our financial results could be adversely affected by fluctuations in interest rates and currency exchange rates, for instance a marked decline in the value of the Euro relative to the U.S. Dollar stemming from the European sovereign debt crisis; (4) market improvement in our industry may occur more slowly than we anticipate, may stall or may not occur at all; (5) variations in demand for our products, including our new products, could negatively affect our revenues and profitability; (6) our manufacturing facilities may be required to quickly increase or decrease production, which could negatively affect our production facilities, customer order lead time, product quality, labor relations or gross profits; (7) our plans to develop and market new products, enhance operational efficiencies, and reduce costs may not be successful; and (8) the other risks and uncertainties discussed elsewhere in this press release, our Form 10-K for the year ended December 31, 2012 filed on March 11, 2013 and our other SEC filings. If any of these risks or uncertainties materialize, or if our underlying assumptions prove to be incorrect, actual results may vary significantly from what we projected. Any forward-looking statement in this press release reflects our current views with respect to future events. 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. As discussed above, we are subject to substantial risks and uncertainties related to current economic conditions, and we encourage investors to refer to our SEC filings for additional information. Copies of these filings are available from the SEC and in the investor relations section of our website at www.xerium.com.



Xerium
Phillip B. Kennedy, Investor Relations
919-526-1444
IR@xerium.com

KEYWORDS:   United States  North America  North Carolina

INDUSTRY KEYWORDS:

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