Key Safety Systems and Key Plastics Announce Changes in CEO Position
STERLING HEIGHTS, Mich., July 10 -- B. Edward Ewing, Chairman and CEO of the Ewing Management Group (EMG) announced today changes in the Chief Executive Officer positions at Key Safety Systems and Key Plastics, which are EMG-managed companies. Effective July 1, 2006, the position of Chief Executive Officer of Key Safety Systems and Key Plastics has been assumed by Douglas G. Nyhoff of Ewing Management Group.
In keeping with his practice of transitioning the management of businesses EMG manages to the company's management team, former CEO and principal shareholder, B. Edward Ewing will step back from the day to day oversight of both companies as CEO and will focus on other EMG interests. Mr. Ewing will remain as Chairman of Key Safety Systems' and Key Plastics' Board of Directors.
Mr. Nyhoff previously served as President of Key Safety Systems during 2004-2005, President of Key Safety Systems North America during 2003-2004 and President of Key Plastics Europe during 2001-2002.
About Key Safety Systems
Key Safety Systems Inc. is a leading global designer and manufacturer of safety-critical components and systems including airbags, seat belts and steering wheels. Key Safety Systems' products are used in more than 300 vehicle models produced by over 45 automobile manufacturers worldwide. Key Safety Systems' global reach comprises 38 manufacturing, technical and sales facilities in 12 countries generating almost $1.1 billion in sales and employing over 9,000 people.
About Key Plastics
Key Plastics, LLC is a leading supplier of plastic products to the automotive and light truck Tier 1 and OEM markets. Key Plastics engineers and produces value-added components and sub-assemblies for exterior applications, interior trim and functional under-hood products. Key Plastics' global operations comprise 29 manufacturing facilities, technical centers and sales offices throughout North America, Europe and Asia. With almost $700 million in global sales annually, Key Plastics employs over 5,000 people
About Ewing Management Group
Based in Dallas, Texas, the Ewing Management Group is focused on acquiring and managing companies in manufacturing or asset-intensive industries.