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NN, Inc. names Scott Weinstein Chief Information Officer and Robbie Atkinson Corporate Treasurer and Investor Relations Manager

Resource from:  Vivian Likes:219
Sep 05,2014
Johnson City, Tenn, Sept. 4, 2014 – NN, Inc. (Nasdaq: NNBR) announced today that effective immediately Scott Weinstein and Robbie Atkinson have joined the Company as Chief Information Officer and Corporate Treasurer and Manager of Investor Relations, respectively. Mr. Weinstein who will be responsible for leading NN’s global IT function will report to Richard Holder, President and Chief Executive Officer. Mr. Atkinson will be responsible for assisting in both the planning and management of NN’s treasury activities and the coordination of the investor relations function. He will report to Jim Dorton, Sr. Vice President and Chief Financial Officer for treasury functions and Will Kelly, Vice President and Chief Administrative Officer for Investor Relations activities. Richard Holder, President and Chief Executive Officer, stated, “We are pleased to have both Scott and Robbie join our Company. Their broad experience and leadership in their respective fields will make them valuable members of our team as we continue to build the corporate infrastructure that will support our strategic growth plans.” From 1997 Mr. Weinstein served in numerous capacities at Eaton Corporation, a global technology leader in power management solutions. Most recently he was IT Director for the Pittsburgh, PA and Knoxville, TN locations. While there he was responsible for strategic planning, deployment and process support of related IT systems. Earlier, he held various IT management positions at the company. Prior to joining Eaton, Mr. Weinstein was with Westinghouse Electric. Prior to joining NN, Mr. Atkinson had been with Regions Bank, one of the nation’s largest full service providers of consumer and commercial banking, wealth management, mortgage and insurance products and services since 2008. He most recently served as Vice President and Commercial Relationship Manager in Regions Corporate Bank Group where he was responsible for marquee corporate relationships, developing treasury management solutions and negotiating terms and conditions for new and renewal credit facilities. Prior to that position he served as Vice President of Business Services. Mr. Atkinson also served as a Project Coordinator for the Electrical Group of Eaton Corporation. NN, Inc. manufacturers and supplies high precision metal bearing components, industrial plastic and rubber products and precision metal components to a variety of markets on a global basis. Headquartered in Johnson City, Tennessee, NN has 25 manufacturing plants in the United States, Western Europe, Eastern Europe, South America and China. 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, and the successful implementation of the global growth plan including development of new products. Similarly, statements made herein and elsewhere regarding pending or completed acquisitions are also forward-looking statements, including statements relating to the anticipated closing date of an acquisition, the Company’s ability to obtain required regulatory approvals or satisfy closing conditions, the costs of an acquisition and the Company’s source(s) of financing, the future performance and prospects of an acquired business, the expected benefits of an acquisition on the Company’s future business and operations and the ability of the Company to successfully integrate recently acquired businesses. For additional information concerning such risk factors and cautionary statements, please see the section titled “Risk Factors” in the Company’s periodic reports filed with the Securities and Exchange Commission, including, but not limited to, the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2013. Except as required by law, we undertake no obligation to update or revise any forward-looking statements we make in our press releases, whether as a result of new information, future events or otherwise.
(Vivian)
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