TriMas Announces Update to Board of Directors - Seite 2

Valenti continued, “I am pleased the Board has selected Herbert as my successor as the Chair of our Board of Directors. Herbert brings a wealth of management and public company board experience to our Board and has been an insightful and collegial presence in our boardroom. I am incredibly optimistic about the future of TriMas and I know the Board, under Herbert’s leadership, will help guide the company to future success and sustainable growth.”

Mr. Parker has served on TriMas’ Board since 2015 and has been the Chair of the Audit Committee since 2020. Mr. Parker is the former Chief Financial Officer and Executive Vice President of Operational Excellence of Harman International. In addition to a career in finance and accounting, Mr. Parker has significant experience in restructuring, mergers and acquisitions, information technology and compliance, which he led at Harman prior to being acquired by Samsung Electronics. Before joining Harman, Mr. Parker was the Chief Financial Officer of ABB Group’s largest division, and later of ABB’s Americas region, in which he gained significant international experience.

“On behalf of our entire organization, I extend heartfelt appreciation to Sam for his decades of exemplary leadership, collaboration with our team and significant contributions to the community,” said Thomas A. Amato, TriMas President and Chief Executive Officer. “It has been a privilege to serve with Sam, and we commend his invaluable service to TriMas.”

Amato continued, “We look forward to Herbert’s leadership, as we continue to accelerate our progress against our strategic imperatives to grow and improve the performance of our Packaging and Aerospace groups. We believe the positive momentum in our two largest segments is encouraging, and our strong balance sheet and cash generation will consistently afford us opportunities to invest in organic growth, pursue bolt-on acquisitions and provide returns to our shareholders through share buybacks and dividends. Our management team is eager to continue to collaborate with Herbert and our Board to take TriMas to the next level of success.”

About TriMas

TriMas manufactures a diverse set of products primarily for the consumer products, aerospace and industrial markets through its TriMas Packaging, TriMas Aerospace and Specialty Products groups. Our approximately 3,400 dedicated employees in 13 countries provide customers with a wide range of innovative and quality product solutions through our market-leading businesses. Our TriMas family of businesses has strong brand names in the markets served, and operates under a common set of values and strategic priorities under the TriMas Business Model. TriMas is publicly traded on the NASDAQ under the ticker symbol “TRS,” and is headquartered in Bloomfield Hills, Michigan. For more information, please visit www.trimas.com.

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The TriMas Stock at the time of publication of the news with a raise of 0,00 % to 23,30EUR on Lang & Schwarz stock exchange (20. März 2024, 14:34 Uhr).