Sypris Elects Gary L. Convis to Its Board of Directors

Sypris Solutions, Inc. (NASDAQ/GM: SYPR) announced today that effective July 28, 2020, it has elected Gary L. Convis to join its Board of Directors (“Board”) as a Class II director. Mr. Convis previously retired from the Board in May 2019 after more than 7 years of service, and the Board is excited to welcome him back.

Commenting on the announcement, Jeffrey T. Gill, President and Chief Executive Officer of Sypris Solutions, said, “We are very pleased to have Gary return to our board. Gary’s successful, highly-profiled executive leadership experience with Toyota, GM, Ford and Dana, was previously, and is expected to continue to be an invaluable resource to Sypris as we remain focused on achieving long-term growth and a return to profitable operations through realigning the Company’s cost structure while also diversifying our book of business in terms of both customers and markets.”

Mr. Convis has served as Senior Advisor for Bloom Energy, a provider of solid oxide fuel cell technology, since November 2013 and as Chief Operations Officer from January 2012 until November of 2013. Mr. Convis also served in a number of senior leadership positions with Dana Holding Corporation including, Special Advisor to the Chief Executive Officer and President (January 2010 to December 2011), Vice Chairman of Dana Holding Corporation (January 2009 to December 2009) and as Chief Executive Officer and President (April 2008 to January 2009). From 2003 to 2007, Mr. Convis served as an Executive Vice President of Toyota Motor Engineering & Manufacturing North America, Inc. and as Managing Officer of Toyota Motor Corp. from May 2003 to July 2007. He started his career with Toyota in 1984 as part of the start-up team for New United Motor Manufacturing, Inc., Toyota’s joint venture with General Motors. Additionally, Mr. Convis served 16 years with Ford Motor Corporation following a three-year tenure with General Motors. Mr. Convis has served on the Board for a number of companies, including Toyota Motor Manufacturing Kentucky Inc., where he served as Chairman of the Board (May 2006 to July 2007); Cooper-Standard Holdings Inc. (2007 to May 2010); Dana Holding Corporation (January 2008 to December 2009); Achates Power, Inc., a developer of two-stroke opposed-piston engines (2007 to April 2020) and MW Industries, Inc., a manufacturer of specialty springs and fasteners (December 2017 to February 2020).