Joseph P. Tomczak to Join Kevco as Chief Financial Officer
7 January 2000
Joseph P. Tomczak to Join Kevco as Chief Financial Officer
FORT WORTH, Texas--Jan. 7, 2000--Kevco, Inc. today announced that Joseph P. Tomczak will be joining Kevco effective January 17, 2000 as executive vice president and chief financial officer.Tomczak, age 44, has served since 1998 as vice president and corporate controller of Outboard Marine Corporation and as vice president-finance for its Engine Division. He previously had held increasingly responsible financial-related positions with Alliant Foodservice during 1990-1998 when that company expanded from annual sales of $3 billion to $6 billion. From 1985 to 1990 Tomczak was associated with Heller International Corporation, serving as vice president, finance & planning. He had joined Heller from American Hospital Supply where he had worked from 1978 to 1985. Tomczak earned a Bachelor of Arts degree in Accounting and Business Administration from Augustana College and a Master of Management degree from Northwestern University's Kellogg Graduate School of Management. He is a Certified Public Accountant.
Fred Hegi, chairman of the board, president and chief executive officer, commented, "We are very pleased Joe will be joining our management team. His successful career includes extensive experience with the financial function of both distribution and manufacturing businesses. Based on his strong operational background, experience in a leveraged environment and focus on distribution and manufacturing efficiency improvements, we look forward to his contributions to Kevco's future progress."
Kevco, headquartered in Fort Worth, Texas, is a leading wholesale distributor and manufacturer of building products for the manufactured housing and recreational vehicle industries.
This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements include those relating to implementation of the Company's cost improvement initiatives, the effect of installation of a new information system, and the outlook for manufactured housing and includes statements relating to the Company or its operations that are preceded by terms such as "expects," "believes," "anticipates," "intends" and similar expressions. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties. The Company's actual results, performance and achievements could differ materially from the results, performance or achievements expressed in, or implied by, these forward-looking statements as a result of various factors, including without limitation, the Company's substantial leverage and its effects on the Company's ability to obtain additional capital as needed, the Company's ability to integrate its operations and successfully implement new management information systems, the Company's success in addressing and remediating Year 2000-related issues, the Company's ability to profitably operate its new manufacturing facilities, customer demand for manufactured housing and recreational vehicles, the effect of general economic conditions, and the impact of raw materials prices. A description of these factors, as well as other factors which could affect the Company's business, is set forth in filings by the Company with the Securities and Exchange Commission, including the Company's Form 10-K for the year ended December 31, 1998 and Forms 10-Q for the quarters ended March 31, 1999, June 30, 1999 and September 30, 1999.