Universal Alloy Corporation Announces Change to Executive Management Team

Universal Alloy Corporation, a global manufacturer of Hard Alloy Aluminum Extrusions and Aircraft Structural Components, announced changes to its organization and Executive Management Team.

Michael Tojner, Chairman of the Board of Montana Tech Components AG and Universal Alloy Corporation, announced today that the company has been re-structured such that UAC-US and UAC-Europe will report up to a parent company known as UAC-Global. Additionally, the company’s Board of Directors has approved a management succession plan in which Chip Poth, President of Universal Alloy Corporation U.S. Operations, has been named Chief Executive Officer of UAC-Global. Chip Poth joined UAC in 2001 and served as VP of Sales & Marketing prior to the role of President. Mr. Poth has been a key leader in growing sales and customer relationships in concert with leading U.S. operations for the past four years.

John Ball, who has served as the CEO for Universal Alloy Corporation for the past 21 years, will now assume the role of Co-Chairman of the Board of Directors for UAC-Global. Mr. Ball successfully led the company to expand its operations globally and broaden the company’s aircraft extrusion and products portfolio to become an industry leader.

Further to the CEO change, the following executive announcements are also effective today:

• Ingolf Planer, currently CFO for Montana Tech Components, will also become CFO of UAC-Global.
• Richard Griffin, previously CFO of UAC, will now serve on the Board of Directors for UAC-Global.
• Kevin Loebbaka, currently President of UAC-Europe, will also become COO of UAC-Global.
• Michael Colt, currently General Manager for the Canton facility, has been promoted to Sr. VP of Operations for UAC-US.

Making this announcement, Mr. Tojner said, “We thank John Ball for steering the extraordinary growth that UAC has achieved over the years and building the management team in place today. John Ball will stay with Universal Alloy Corporation as Co-Chairman of the Board, responsible for the strategic development of UAC and the operations in Romania. Richard Griffin will also stay with UAC as a board member and as consultant for the company especially in regards of financial development and investment projects. This executive management change is a natural succession plan for our company and ensures our valued customer and employee relationships will continue to be our first priority.”

About UAC Global

Universal Alloy Corporation is a preferred manufacturer of hard alloy aluminum extrusions for aircraft structure and has operations in Canton, Georgia; Anaheim, California; Wichita, Kansas, Dumbrăviţa, Romania and Reinach/Menziken in Switzerland.