Donald C. Pyatt Named Group Vice President of New Intermet Unit
8 December 1999
Donald C. Pyatt Named Group Vice President of New Intermet UnitTROY, Mich., Dec. 8 -- Intermet Corporation today announced that Donald C. Pyatt has been named group vice president of Intermet Light Metals, a new business unit. In this newly created position, Pyatt will assume responsibility for Intermet's non-ferrous operations and report to John Doddridge, Intermet's chairman and chief executive officer. He will be located at Intermet headquarters in Troy, Michigan. Intermet Light Metals will combine the company's Tool Products group with the pending acquisitions of Ganton Technologies, Inc., and Diversified Diemakers, Inc. Sales for the combined Light Metals group are expected to approach $400 million in fiscal year 2000. "We are exceptionally pleased to have Don at the helm of Intermet Light Metals," said Doddridge. "He has extensive management and operating experience in aluminum die casting as well as in other manufacturing environments. Under his direction, Tool Products enjoyed substantial growth in both sales and profitability." Doddridge emphasized that the formation of Intermet Light Metals is not a move away from ferrous castings, but a broadening of materials and casting processes consistent with Intermet's overall growth strategy. Pyatt served as president of Tool Products for the past nine years, directing all aspects, including sales, marketing, production, engineering and finance. He continued in that role after Intermet acquired Tool Products in December 1998. Before Tool Products, he was an executive vice president and general manager at Henry Valve Corporation, and a general manager at Dana Corporation. Pyatt earned a BS in electrical engineering from Princeton University, and an MBA from Syracuse University. With headquarters in Troy, Michigan, Intermet Corporation and its subsidiaries are full-service suppliers to the automotive and industrial equipment industries worldwide, providing precision iron and aluminum cast and finished components. Intermet also manufactures cranes and specialty service vehicles. The company has more than 7,000 employees at 19 locations in North America and Europe. More information about the company is available on the Internet at http://www.intermet.com . This news release may include forecasts and forward-looking statements about Intermet, its industry and the markets in which it operates. Forward- looking statements and the achievement of any forecasts or projections are subject to risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or denied. Such risks and uncertainties are fully detailed as a preface to the Management's Discussion and Analysis of Financial Condition in the Company's 1998 Annual Report for the year ended December 31, 1998.