JOHNSON CITY, Tenn., Dec. 15, 2010 /PRNewswire-FirstCall/ -- NN, Inc. (Nasdaq: NNBR) today announced that James "J.R." Widders, 54 has been named to the position of Vice President and General Manager for the Company's Precision Metal Components Segment. Mr. Widders will assume these responsibilities beginning January 10, 2011. In addition, Thomas G. Zupan will continue with Whirlaway in the capacity of Vice President of Business Development.
Roderick R. Baty, Chairman and Chief Executive Officer, commented, "We are very pleased to have J.R. join the senior management team of NN. He brings over 32 years of proven success in various roles in operations, engineering, sales and business development. We look forward to him providing a strong leadership role in executing our strategic growth plan for our Precision Metal Components Segment."
J.R.'s broad based experience includes 13 years of service at Whirlaway prior to its acquisition by NN, Inc. Most recently, he served as Vice President and General Manager at Technifab, Inc. a manufacturer of molded foam components for the Aerospace industry located in Avon, Ohio. While there, he was responsible for all phases of the operations, sales and business development. Prior to that, he served in various management positions with the GE Superabrasives, a division of General Electric in Worthington, Ohio. J.R. holds a Bachelor of Science degree in Mechanical Engineering from Ohio State University.
NN, Inc. manufacturers and supplies high precision metal bearing components, industrial plastic and rubber products and precision metal components to a variety of end markets on a global basis. Headquartered in Johnson City, Tennessee, NN has 12 manufacturing plants in the United States, Western Europe, Eastern Europe and China. NN, Inc. had sales of US $259 million in 2009.
Except for specific historical information, many of the matters discussed in this press release may express or imply projections of revenues or expenditures, statements of plans and objectives or future operations or statements of future economic performance. These, and similar statements, are forward-looking statements concerning matters that involve risks, uncertainties and other factors which may cause the actual performance of NN, Inc. and its subsidiaries to differ materially from those expressed or implied by this discussion. All forward-looking information is provided by the Company pursuant to the safe harbor established under the Private Securities Litigation Reform Act of 1995 and should be evaluated in the context of these factors. Forward-looking statements generally can be identified by the use of forward-looking terminology such as "assumptions", "target", "guidance", "outlook", "plans", "projection", "may", "will", "would", "expect", "intend", "estimate", "anticipate", "believe", "potential" or "continue" (or the negative or other derivatives of each of these terms) or similar terminology. Factors which could materially affect actual results include, but are not limited to: general economic conditions and economic conditions in the industrial sector, inventory levels, regulatory compliance costs and the Company's ability to manage these costs, start-up costs for new operations, debt reduction, competitive influences, risks that current customers will commence or increase captive production, risks of capacity underutilization, quality issues, availability and price of raw materials, currency and other risks associated with international trade, the Company's dependence on certain major customers, the successful implementation of the global growth plan including development of new products and consummation of potential acquisitions and other risk factors and cautionary statements listed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission, including, but not limited to, the Company's Annual Report on 10-K for the fiscal year ended December 31, 2009.
SOURCE NN, Inc.