CLEVELAND, OHIO, October 22, 2021– (BUSINESS WIRE) – ParkOhio (NASDAQ: PKOH) is pleased to announce the appointment of Brian Norris as President of Supply Technologies LLC, effective October 18, 2021. He succeeds John Chrzanowski who announced his retirement on November 30 after 14 years with the company.

Mr. Norris has 25 years of experience in the distribution and business services industry. For the past 12 years he was Vice President of Services and Solutions at Grainger and prior to that he was at OfficeMax as Senior Vice President of Print Services and at Fed Ex Kinko in various leadership roles. .

“We are extremely pleased to have Brian join our management team,” said Matthew Crawford, Chairman, President and CEO of ParkOhio. “He brings a wealth of highly relevant experience, a solid understanding and commitment to customer service, as well as a proven track record in developing well-defined growth and innovation strategies.

“I would like to thank John for his dedicated service and commitment to the continued growth and diversification of the business into adjacent markets and product lines while focusing on business analysis, automated systems and business development. employees, ”Crawford said.

ParkOhio is a diversified international company providing world-class customers with outsourcing services for supply chain management, capital goods used on their production lines and manufactured components used to assemble their products. Headquartered in Cleveland, Ohio, ParkOhio operates more than 120 manufacturing sites and supply chain logistics facilities around the world, across three reportable segments: Supply Technologies, Assembly Components and Engineering Products.

This press release contains forward-looking statements, including statements regarding the future performance of the Company, which are subject to known and unknown risks, uncertainties and other factors that could cause our results, performance and achievements to differ materially. actual, or industry results. future results, performances or achievements expressed or implied by these forward-looking statements. These factors that could cause actual results to differ materially from expectations include, but are not limited to, the following: ultimate impact of the COVID-19 pandemic on our business, results of operations, financial condition and our liquidity, including, without limitation, supply chain issues such as the global semiconductor chip shortage and logistics issues; our substantial debt; the uncertainty of the global economic environment; general business conditions and competitive factors, including pricing pressures and product innovation; demand for our products and services; the impact of work disruptions affecting our customers; availability and price of raw materials; fluctuations in energy costs; availability and price of components; changes in our relationships with customers and suppliers; the financial condition of our clients, including the impact of any bankruptcy; our ability to successfully integrate recent and future acquisitions into existing operations; the amounts and timing, if any, of purchases of our common shares; changes in general economic conditions such as inflation rates, interest rates, tax rates, unemployment rates, higher labor and health care costs, recessions and changes in government policies, laws and regulations, including those related to current global uncertainties and crises, such as tariffs and surcharges; negative impacts on us, our suppliers and customers resulting from acts of terrorism or hostilities; public health issues, including the COVID-19 outbreak and its impact on our facilities and operations and our customers and suppliers; our ability to meet various covenants, including financial covenants, contained in the agreements governing our indebtedness; disruptions, uncertainties or volatility in credit markets which may limit our access to capital; potential disruptions due to a partial or total reconfiguration of the European Union; increasingly stringent domestic and foreign government regulations, including those affecting the environment or import and export controls and other trade barriers; uncertainties inherent in assessing our potential liability for environmental remediation activities; the outcome of ongoing and future litigation and other claims and disputes with customers; our dependence on the auto and heavy truck industries, which are very cyclical; the dependence of the automotive industry on consumer spending; our ability to negotiate contracts with unions; our reliance on key management; our dependence on information systems; our ability to continue to pay cash dividends, and the timing and amount of those dividends; and the other factors we describe under “1A. Risk Factors ”included in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2020. Any forward-looking statement speaks only as of the date on which such statement is made, and we do not undertake any to update any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law. In light of these and other uncertainties, the inclusion of a forward-looking statement herein should not be construed as a statement by us that our plans and objectives will be achieved.

See the source version on businesswire.com: https://www.businesswire.com/news/home/20211022005488/en/

Contacts

MATTHEW CRAWFORD
PARK-OHIO HOLDINGS CORP.
(440) 947-2000


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