|[December 28, 2012]
Justin F. Deedy, Jr. to be Named President and CEO of Superior Essex, Stephen M. Carter Announces his Retirement
ATLANTA --(Business Wire)--
Superior Essex announced December 10th that Justin F. Deedy
is to become President and CEO of Superior Essex, effective March 1,
2013 and that Stephen Carter (News - Alert) will be retiring from his current role.
While he will be retiring from the Company in the capacity of CEO,
Carter will stay on as an Executive Advisor to the Superior Essex Board
and LS Cable (News - Alert) and System.
Christopher Koo, Chairman of LS Cable and System said with Stephen's
retirement, "We are pleased to be able to appoint an internal successor,
Justin Deedy, to the CEO role."
Deedy was named Chief Operating Officer for Superior Essex Inc. in
October of 2011. Since that time, he has been responsible for managing
all hands-on operational aspects of the Company. "Justin possesses the
critical breadth of operational and business expertise, gained
throughout his 25 plus years in the cable and wire industry. He has been
a key contributor in every aspect of our business, from general
operations to raising capital and assessing and pursuing mergers and
acquisitions and we are looking forward to embarking on this new chapter
with him," Koo said.
Carter joined Superior Essex in 2003 and has transformed the company
during his tenure into a worldwide leader in the wire and cable
industry. In 2004 SPSX gained a listing on the NASDAQ and went on to
become a Fortune 750 international organization with businesses
operating in Europe, Asia and North America. In 2008, LS Cable and
System acquired all the shares of the Company.
He currently serves on the Board of NYSE listed CEB, the leading
member-based advisory company, as well as acting as the Lead Director
and Vice Chair of the International Board of the Special Olympics, and
being one of the Trustees of the Woodruff Arts Center of Atlanta.
Koo went on to say, "Stephen has set a vision for the future that will
allow this Company to thrive far beyond his tenure. We are grateful for
Stephen's vision and leadership during the past 9 years. Not only has
Stephen been a tremendous asset for Superior Essex, but his leadership
has also been exemplary. We look forward to our continuing partnerships
as Stephen transitions to the role of Executive Advisor."
Between now and March 2013, Carter will focus on transitioning the CEO
role to Deedy.
About Superior Essex
Superior Essex Inc. manufactures a broad portfolio of wire and cable
products and accessories with primary applications in communications,
magnet wire/winding wire, energy, and related distribution markets. It
is a leading manufacturer and supplier of copper and fiber optic
communication wire and cable products and accessories to telephone
companies, distributors, and system integrators. It is a premier
manufacturer and distributor of magnet wire/winding wire (including
related enamel coating materials) and fabricated insulation products to
major original equipment manufacturers (OEMs) for use in motors,
transformers, generators, and electrical controls and a distributor of
insulation and related products to smaller OEMs and motor repair
facilities. It also offers low voltage, energy efficient cable products
to service the Commercial, Industrial, and Utility markets for control
systems, audio, intercoms, energy management, and alarm controls.
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