|By Business Wire||
|December 18, 2012 04:15 PM EST||
General Cable Corporation (NYSE: BGC) (the Company) is pleased to announce the promotion of Peter A. Campbell to Executive Vice President of General C able Corporation and Chief Executive Officer, Asia Pacific effective December 11, 2012. Today, the Company’s Asia Pacific region includes operations and investments principally in Australia, China, Fiji, India, New Zealand, the Philippines, and Thailand that together represent more than $700 million in annual revenue, at current metal prices. Mr. Campbell is also responsible for the Company’s investments in Oman and Pakistan.
Mr. Campbell joined General Cable more than two years ago as Senior Vice President, Asia and previously held management, manufacturing and engineering positions of increasing responsibilities with multi-national firms including Fosroc International and BP Chemicals. He has spent a significant part of his career living and working throughout the Asia Pacific region. He currently serves on the Board of Directors of Phelps Dodge International (Thailand) Limited, PDTL Trading, Thai Copper Rod Company Limited and our joint ventures General Cable Oman and Phelps Dodge Yantai Cable Company. Peter resides in Thailand and holds a Bachelor of Science degree in Chemical Engineering from the University of Strathclyde, United Kingdom.
Chief Executive Officer Gregory B. Kenny stated, “The Asia Pacific region including China makes up more than 45% of global wire and cable demand and represents an important long-term growth opportunity for the Company. Our recent acquisition of Alcan Cable China and our Greenfield project in India, which complement our long-standing businesses in the region, are important steps in further enhancing our position in this significant and geographically diverse region. Peter’s leadership and contributions have been an integral part of the Company’s strategic development and success in Asia Pacific over the past two years. He has a deep understanding of the diverse regional markets and a proven record of success. We are pleased to welcome Peter to the global Operating Committee of General Cable.”
General Cable (NYSE:BGC), a Fortune 500 Company, is a global leader in the development, design, manufacture, marketing and distribution of copper, aluminum and fiber optic wire and cable products for the energy, industrial, specialty, construction and communications markets. For more information about General Cable products, please contact your local sales representative or visit our Web site at www.generalcable.com.
Forward Looking Statements
Certain statements in this press release including, without limitation, statements regarding future financial results and performance, plans and objectives, capital expenditures and the Company’s or management’s beliefs, expectations or opinions, are forward-looking statements. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are those that predict or describe future events or trends and that do not relate solely to historical matters. Forward-looking statements can generally be identified as statements containing the words “believe,” “expect,” “may,” “could,” “anticipate,” “intend,” “should,” “estimate,” “project,” “will,” “plan,” “assume,” “seek to” or other similar expressions, although not all forward-looking statements contain these identifying words. In addition, forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those discussed in forward-looking statements as a result of factors, risks and uncertainties over many of which the Company has no control. These risks, uncertainties and factors specific to the Alcan Cable acquisition include, but are not limited to: (i) the occurrence of any event, change or other circumstance that would result in the termination or delay of the proposed Alcan Cable acquisition, (ii) the inability to complete the proposed acquisition due to the failure of the Company or Alcan Cable to satisfy any of the conditions to the closing of the acquisition, including the failure to obtain necessary regulatory approvals, (iii) the risk that the proposed acquisition could disrupt the plans and operations of the Company, Alcan Cable or both and the potential difficulties of employee retention as a result of the acquisition, and (iv) the risk that the Company may not realize the expected financial and other benefits from the proposed acquisition. The foregoing factors should not be construed as exhaustive and should be read in conjunction with the risk factors described in the Company’s Annual Report on Form 10-K filed with the Securities and Exchange Commission (the “SEC”) on February 23, 2012, as well as any current and periodic reports filed with the SEC subsequent to such date. Forward looking statements reflect the views and assumptions of management as of the date of this Current Report with respect to future events. The Company does not undertake, and hereby disclaims, any obligation, unless required to do so by applicable securities laws, to update any forward-looking statements as a result of new information, future events or other factors. The inclusion of any statement in this Current Report does not constitute an admission by the Company or any other person that the events or circumstances described in such statement are material.
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