BEACHWOOD, Ohio, April 1, 2008 /PRNewswire/ -- Aleris International,
Inc. announced today that Roeland Baan will join Aleris as Executive Vice
President and President, Aleris Europe, reporting to Steven J. Demetriou,
Chairman and CEO, on April 7, 2008. In this role, Mr. Baan will be
responsible for all business and operational activities in Aleris's
European region as well as its European headquarters.
Mr. Baan has had an accomplished career with large, complex
multinational corporations with a proven track record of delivering
results. Beginning in 2004, he worked for Mittal where he most recently
served as Executive Vice President and Chief Executive Officer, Mittal
Steel Europe and served on Arcelor Mittal's Management Committee. Mr. Baan
had responsibility for operations in eight countries, including four
integrated steel mills and four electric arc steel mills. During this time
he led the restructuring and integration of Mittal's Central and Eastern
European mills. Prior to joining Mittal, Mr. Baan served as the Senior Vice
President of SHV Gas BV, a member of SHV NV, a privately held international
conglomerate with activities in retail, energy and venture capital
activities. From 1998 to 2001 Mr. Baan served as Chief Executive Officer
Thyssen Sonnenberg Recycling GMBH (TSR), a metals recycling company with 55
production sites in five countries.
"Roeland brings diverse career experiences involving a wide range of
operations and challenges. He has a proven track record of delivering
improved results and integrating multinational organizations and we believe
will be able to make an immediate contribution to our European business,"
said Demetriou.
Mr. Baan graduated from Vrije Universiteit, Amsterdam, The Netherlands
with a Masters in Economics.
Aleris International, Inc. is a global leader in aluminum rolled
products and extrusions, aluminum recycling and specification alloy
production. Headquartered in Beachwood, Ohio, a suburb of Cleveland, the
Company operates 48 production facilities in North America, Europe, South
America and Asia, and employs approximately 8,800 employees. For more
information about Aleris, please visit our Web site at http://www.aleris.com
SAFE HARBOR REGARDING FORWARD-LOOKING STATEMENTS
Forward-looking statements made in this news release are made pursuant
to the safe harbor provision of the Private Securities Litigation Reform
Act of 1995. These include statements that contain words such as "believe,"
"expect," "anticipate," "intend," "estimate," "should" and similar
expressions intended to connote future events and circumstances, and
include statements regarding future actual and adjusted earnings; future
improvements in margins, processing volumes and pricing; overall 2008
operating performance; anticipated effective tax rates; expected cost
savings; success in integrating Aleris's recent acquisitions, including the
acquisition of the downstream aluminum businesses of Corus Group plc; its
future growth; the anticipated economic environment in 2008; future
benefits from acquisitions and new products; expected benefits from changes
in the industry landscape; and anticipated synergies resulting from other
acquisitions. Investors are cautioned that all forward-looking statements
involve risks and uncertainties, and that actual results could differ
materially from those described in the forward-looking statements. These
risks and uncertainties would include, without limitation, Aleris's levels
of indebtedness and debt service obligations; its ability to effectively
integrate the business and operations of its acquisitions; further
slowdowns in automotive production and the building and construction
industry in the U.S. and Europe; the financial condition of Aleris's
customers and future bankruptcies and defaults by major customers; the
availability at favorable cost of aluminum scrap and other metal supplies
that Aleris processes; the ability of Aleris to enter into effective
metals, natural gas and other commodity derivatives; continued increases in
natural gas and other fuel costs of Aleris; a weakening in industrial
demand resulting from a decline in U.S. or world economic conditions,
including any decline caused by terrorist activities or other unanticipated
events; future utilized capacity of Aleris's various facilities;;
restrictions on and future levels and timing of capital expenditures;
retention of Aleris's major customers; the timing and amounts of
collections; currency exchange fluctuations; future write-downs or
impairment charges which may be required because of the occurrence of some
of the uncertainties listed above; and other risks listed in Aleris's
filings with the Securities and Exchange Commission (the "SEC"), including
but not limited to Aleris's annual report on Form 10-K for the fiscal year
ended December 31, 2007, particularly the section entitled "Risk Factors"
contained therein.
(Logo: http://www.newscom.com/cgi-bin/prnh/20050504/CLW056LOGO )
SOURCE Aleris International, Inc.
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Related links:
http://aleris.com
Photo Notes:
NewsCom: http://www.newscom.com/cgi-bin/prnh/20050504/CLW056LOGO
AP Archive: http://photoarchive.ap.org
PRN Photo Desk, photodesk@prnewswire.com
CONTACT:
William Sedlacek of Aleris International,
Inc., +1-216-910-3522
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