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UNIVERSAL STAINLESS
& ALLOY PRODUCTS, INC.
CONTACTS: Richard M. Ubinger June Filingeri
Vice President of Finance, President
Chief Financial Officer and Treasurer Comm-Partners LLC
(412) 257-7606 (203) 972-0186
FOR IMMEDIATE RELEASE
Universal Stainless Deepens Management Team with Addition of William Beible, Jr.
As Senior Vice President of Operations
BRIDGEVILLE, PA, February 11, 2009 - Universal Stainless & Alloy Products,
Inc. (Nasdaq: USAP) announced today that William W. Beible, Jr. has joined the
Company in the newly-created position of Senior Vice President of Operations
effective today. Mr. Beible will be responsible for all of the Company's
manufacturing operations, Bridgeville, Titusville and Dunkirk Specialty Steel,
as well as engineering and supply chain management.
Mr. Beible, 57, has broad and in-depth experience in manufacturing,
engineering, capital project management and systems development. At his most
recent employer, Carpenter Technology Corporation, he served as Vice President
of Manufacturing - Specialty Alloys Operations, Vice President of Advanced
Manufacturing and Engineering, Vice President of Integrated Information Systems.
As Vice President of Manufacturing, he had leadership accountability for
manufacturing, maintenance, employee relations, engineering, customer service,
capacity planning, scheduling and inventory control.
From 2003 to 2005, Mr. Beible was with Glatfelter, a global supplier of
specialty papers and engineered products, serving as Vice President of Business
Improvement and Vice President of Information Technology. Prior to that, Mr.
Beible was Executive Vice President and COO of NS Group, a manufacturer of
tubular products, where he also served as President and COO of Newport Steel
Corporation and of Koppel Steel Corporation. He began his career at Lukens,
Incorporated, a specialty plate and stainless steel company, where he held posts
including Vice President of Engineering, Vice President and Chief Information
Officer, and General Manager of Manufacturing.
Mr. Beible received his B.S. Metallurgy and Materials Science from Lehigh
University and completed The Executive Program of the Darden Graduate School of
Business of the University of Virginia.
President and CEO, Dennis Oates, commented: "The addition of Bill Beible to
the Universal Stainless management team is an important step forward in building
our organization for future growth and complements our moves over the past year
to strengthen our management capabilities in sales, manufacturing and
engineering. We are very pleased to have an individual of Bill's caliber and
experience join us. He will play a major role in the development and execution
of our strategic growth plan."
About Universal Stainless & Alloy Products, Inc.
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Universal Stainless & Alloy Products, Inc., headquartered in Bridgeville,
Pa., manufactures and markets a broad line of semi-finished and finished
specialty steels, including stainless steel, tool steel and certain other
alloyed steels. The Company's products are sold to rerollers, forgers, service
centers, original equipment manufacturers and wire redrawers. More information
is available at www.univstainless.com.
Forward-Looking Information Safe Harbor
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Except for historical information contained herein, the statements in this
release are forward-looking statements that are made pursuant to the "safe
harbor" provision of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements involve known and unknown risks and uncertainties
that may cause the Company's actual results in future periods to differ
materially from forecasted results. Those risks include, among others, risks
associated with the receipt, pricing and timing of future customer orders, risks
associated with significant fluctuations that may occur in raw material and
energy prices, risks associated with the manufacturing process, labor and
production yields, risks related to property, plant and equipment, and risks
related to the ultimate outcome of the Company's current and future litigation
and regulatory matters. Certain of these risks and other risks are described in
the Company's filings with the Securities and Exchange Commission (SEC) over the
last 12 months, copies of which are available from the SEC or may be obtained
upon request from the Company.
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