Revstone Names Kevin G. Cramton CEO, Kevin P. Bagby CFO

SOUTHFIELD, Mich., Sept. 7, 2011 /PRNewswire/ -- Revstone Industries, LLC ("Revstone") announced today that Kevin G. Cramton has joined the company as Chief Executive Officer, and Kevin P. Bagby has joined as Chief Financial Officer.

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Mr. Cramton brings to Revstone more than 25 years of experience in general and financial management, operational and financial restructuring, and developing and growing businesses globally, including emerging markets.  Most recently, he was Managing Director of RHJ International (Ripplewood Holdings), a publicly traded, investment holding company where he was responsible for overseeing portfolio companies and global M&A activities.  He recently served as Chairman of the Board of Niles, an Asian automotive electronics company with global operations, leading a major business turnaround to record profitability and cash flow.  

Prior to joining RHJI, Mr. Cramton worked in various positions in a twenty-year career at Ford Motor Company, including assignments in Ford's manufacturing, marketing/distribution, and financial services businesses. Mr. Cramton has extensive international business experience, including assignments in the Asian, North American and European regions. He last served as Director, Corporate Business Development, with global responsibilities for Ford's M&A activities.

Mr. Cramton received his MBA and Bachelor of Business Administration degrees from Michigan State University. He is an alumnus of the London Business School Executive Management Program (ADP).

"I am very excited to join the Revstone team as we develop and execute a strategic plan to profitably grow the business and support our customers' needs on a global basis," said Cramton. "The businesses Revstone acquired over the last few years have great potential with strong customer recognition.  The Revstone team is working to unite these businesses under one vision, with one unified leadership team, and a shared strategic plan.  This will create a stronger company for all of our stakeholders, including our customers, suppliers, investors and employees."

Kevin Bagby joins Revstone having developed and led financial organizations for three public companies. Most recently, he was Vice President of Finance and Chief Financial Officer of Shiloh Industries, Inc., a position he held since November 2008. He previously served as Vice President, Chief Financial Officer and Treasurer of Freightcar America, and as Vice President and CFO of Stoneridge, Inc. Prior to joining Stoneridge, Mr. Bagby held senior financial leadership positions with Kelsey-Hayes, General Tire and Abex Corporation.  

"My focus will be on transforming the capital structure of Revstone and developing a world class finance team," said Bagby.  

"Kevin Cramton and Kevin Bagby bring extensive experience to help lead the next stage of our company's evolution in the global marketplace," said Mr. George Hofmeister, Revstone Chairman.  

About Revstone Industries, LLC

Revstone is a leading designer, manufacturer and supplier of highly engineered automotive components, with twenty nine facilities in the United States, Canada, Mexico and Costa Rica, approximately three thousand employees and more than $600M in projected 2011 annual revenue. The Company is headquartered in metropolitan Detroit, Michigan with offices in Lexington, Kentucky and China. For more information visit www.revstone.com.

SOURCE Revstone Industries, LLC