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Unique Fabricating Announces Resignation of John Weinhardt as President and CEO

Wednesday, 08 May 2019 04:05 PM

Unique Fabricating, Inc.

AUBURN HILLS, MI / ACCESSWIRE / May 8, 2019 / Unique Fabricating, Inc. (NYSE MKT: UFAB), which engineers and manufactures multi-material foam, rubber, and plastic components utilized in noise, vibration and harshness management and air/water sealing applications for the automotive and industrial appliance market, today announced that for personal reasons related to health issues, John Weinhardt has stepped down from his positions as President and Chief Executive Officer, effective immediately. John will continue to serve as a member of the Board of Directors.

The Company's Board of Directors has established an Executive Search and Oversight Committee to identify a new Chief Executive Officer and to help support management of the Company until a successor is appointed. The committee is comprised of the Company's Chairman of the Board, Richard Baum, along with independent directors Kim Korth and James Illikman.

As part of this transition, Tom Tekiele, Chief Financial Officer, Scott Reed, Vice President of Operations, and Brad Hazen, Vice President of Business Development, will oversee operations and provide interim leadership in conjunction with the Executive Search and Oversight Committee. In addition, the Board has engaged an executive search firm to lead the process of identifying a new Chief Executive Officer.

"On behalf of The Board of Directors I'd like to thank John for his leadership and contributions to Unique Fabricating over the last 10 years," said Richard Baum, Chairman of Unique Fabricating. "John stepped into the role of President and CEO in 2009 during a time of upheaval, he played a vital role in stabilizing the business and evolving and diversifying Unique Fabricating into the company it is today."

About Unique Fabricating, Inc.

Unique Fabricating, Inc. (NYSE MKT: UFAB) engineers and manufactures components for customers in the automotive and industrial appliance market. The Company's solutions are comprised of multi-material foam, rubber, and plastic components and utilized in noise, vibration and harshness (NVH) management, acoustical management, water and air sealing, decorative and other functional applications. Unique leverages proprietary manufacturing processes including die cutting, thermoforming, compression molding, fusion molding, and reaction injection molding to manufacture a wide range of products including air management products, heating ventilating and air conditioning (HVAC), seals, fender stuffers, air ducts, acoustical insulation, door water shields, gas tank pads, light gaskets, topper pads, mirror gaskets and glove box liners. The Company is headquartered in Auburn Hills, Michigan. For more information, visit http://www.uniquefab.com/.

Investor Contact:

Hayden IR
Rob Fink
646-415-8972
[email protected]

SOURCE: Unique Fabricating, Inc.

Topic:
Company Update
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