MCKINNEY, Texas--(BUSINESS WIRE)--Encore Wire Corporation (NASDAQ Global Select: WIRE) announced that Daniel L. Jones, President and Chief Executive Officer, has been appointed Chairman of the Board of Directors, and that John H. Wilson has been appointed Lead Independent Director.
Mr. Jones has held the office of President and Chief Executive Officer of the Company since February 2006 and various other management positions since joining the Company in 1989.
Mr. Wilson has been a director of the Company since 1989. He has been President of U.S. Equity Corporation, a venture capital firm, since 1983 and is also a director of Capital Southwest Corporation.
Commenting on the announcement, Daniel L. Jones, President and Chief Executive Officer of Encore Wire Corporation, said, “We are pleased to announce these changes to our Board structure. We continue to evolve our corporate governance to match our Company’s growth and to maintain our Board structure and governance in keeping with current industry trends and practices. We believe this structure will enhance our ability to keep Encore Wire on a growth trajectory. I look forward to working with Mr. Wilson and all of our directors to ensure Encore Wire grows and prospers in the future.”
Encore Wire Corporation is a leading manufacturer of a broad range of copper electrical building wire for interior wiring in commercial and industrial buildings, homes, apartments, and manufactured housing. The Company is focused on maintaining a high level of customer service with low-cost production and the addition of new products that complement its current product line. The matters discussed in this news release, other than the historical financial information, including statements about the copper pricing environment, profitability and shareholder value, may include forward-looking statements that involve risks and uncertainties, including fluctuations in the price of copper and other raw materials, the impact of competitive pricing and other risks detailed from time to time in the Company’s reports filed with the Securities and Exchange Commission. Actual results may vary materially from those anticipated.