Xerium Technologies, Inc. (NYSE:XRM), a leading global manufacturer of
industrial textiles and rolls used primarily in the paper production
process, today announced the appointment of David G. Maffucci as
Executive Vice President and Chief Financial Officer, effective June 8,
2009. Since December 1, 2008, Mr. Maffucci has served on Xerium’s Board
of Directors and as Chairman of the Company’s Audit Committee. Mr.
Maffucci will remain a member of Xerium’s Board of Directors, but will
step down from his positions on the Company’s Audit and Nominating and
Governance Committees. Edward Paquette, who has been a director since
July 2004 and is a current member of the Company’s Audit Committee, will
serve as Chairman of the Audit Committee.
From 2005 to 2006, Mr. Maffucci served as Executive Vice President of
Bowater Incorporated, a manufacturer of newsprint and other specialty
paper, pulp, and solid wood products, and President of Bowater’s
Newsprint Division. Previously, from 2002 to 2005, he was Executive Vice
President and Chief Financial Officer, and from 1995 to 2002, he was
Senior Vice President and Chief Financial Officer of Bowater
Incorporated. Mr. Maffucci is a certified public accountant and also
serves as a director of Martin Marietta Materials, Inc., a producer of
construction aggregates.
“I am delighted that Dave has decided to join the management team at
Xerium after having spent almost six months getting to know us through
his service on our Board of Directors. We have already benefitted from
Dave’s extensive financial strength at the Board level, and we in
management welcome his deep understanding of our business and Company,”
said Stephen R. Light, Xerium’s President, Chief Executive Officer and
Chairman. “We also plan to take advantage of Dave’s proven strategic
skills as we continue to position our Company for economic recovery and
a return to growth. I am particularly excited about attracting a person
with Dave’s experience and stature within the industry to assist in
implementing Xerium’s turnaround strategy and I look forward to Dave’s
engagement in our continuing improvement process, launched in early
2008, that has yielded positive results to date.”
About Xerium Technologies
Xerium Technologies, Inc. (NYSE:XRM) is a leading global manufacturer
and supplier of two types of consumable products used primarily in the
production of paper: clothing and roll covers. The Company, which
operates around the world under a variety of brand names, utilizes a
broad portfolio of patented and proprietary technologies to provide
customers with tailored solutions and products integral to production,
all designed to optimize performance and reduce operational costs. With
32 manufacturing facilities in 13 countries around the world, Xerium has
approximately 3,400 employees.
SBG Investor Relations
Geoffrey Buscher, 508-532-1790
IR@xerium.com
