Press Release re Michael Lipscomb
CLEVELAND – February 5, 2015 – SIFCO Industries, Inc. (“SIFCO or Company”), a leading provider of forgings and machined components for the aerospace and energy markets, announced that Michael S. Lipscomb was elected Chairman of the Board. Mr. Lipscomb replaces Jeffrey P. Gotschall who served as Chairman of the Board since 2001. Mr. Gotschall will remain on the Board as Chairman Emeritus. Mr. Lipscomb is currently Chief Executive Officer of SIFCO and has been a Director of the Company since 2010.
Mr. Lipscomb said, “I am proud to have been elected Chairman of the Board and appreciative of the support and affirmation the Board of Directors has shown towards pursuing the transformative strategic initiatives we are undertaking at SIFCO.”
Certain statements contained in this press release are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, such as statements relating to financial results and plans for future business development activities, and are thus prospective. Such forward-looking statements are subject to risks, uncertainties and other factors, which could cause actual results to differ materially from future results expressed or implied by such forward-looking statements. Potential risks and uncertainties include, but are not limited to, economic conditions, challenges associated with any management transition, competition and other uncertainties detailed from time to time in the Company's Securities and Exchange Commission filings.
SIFCO Industries, Inc.
Catherine M. Kramer, Vice President and Chief Financial Officer, 216-881-8600
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