Bret Wise Joins Ferro as Chief Financial Officer.CLEVELAND--(BUSINESS WIRE)--June 21, 1999-- Ferro Corporation (NYSE NYSE See: New York Stock Exchange :FOE) announced today that Bret W. Wise has been named Senior Vice President and Chief Financial Officer. Wise will be responsible for overall financial management, which includes accounting, treasury, tax, budgeting and investor relations Investor relations The process by which the corporation communicates with its investors. , and will be heavily involved in the strategic planning process. He will report directly to Hector R. Ortino, Chairman, President and Chief Executive Officer of the Company. "A key element of our strategy is to continue to strengthen our organization and ensure that we have the right talent in place as we embark on an aggressive plan designed to accelerate growth," Ortino said. "Bret's strong combination of financial management talents and operations experience makes him the ideal manager to support our new strategies. These strategies will require that mature businesses be run as efficiently as possible in order to generate free cash flow, which will then be allocated to faster-growing businesses or opportunities. In addition, we remain very aggressive in pursuing acquisitions that will require various methods of creative financing." Wise most recently served as Senior Vice President and Chief Financial Officer of WCI WCI Western Climate Initiative WCI Wright Center of Innovation WCI Whale Conservation Institute WCI Waterloo Collegiate Institute WCI Warren Correctional Institution (Warren, OH) WCI Warrior Concepts International Steel, Incorporated, a $700 million integrated steel producer based in Warren, Ohio. Wise was part of a four-member executive team that led the company and was actively involved in all business areas, including development and implementation of the strategic plan. Previously, Wise was a partner with KPMG KPMG Klynveld Peat Marwick Goerdeler (accounting firm) KPMG Kaiser Permanente Medical Group KPMG Keiner Prüft Mehr Genau (German) KPMG Kommen Prüfen Meckern Gehen , serving in that firm's technology and manufacturing practices in Cleveland, Indianapolis and at the executive office in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of . Wise holds a bachelor of science Noun 1. Bachelor of Science - a bachelor's degree in science BS, SB bachelor's degree, baccalaureate - an academic degree conferred on someone who has successfully completed undergraduate studies degree from the Indiana School of Business and is a Certified Public Accountant Certified Public Accountant (CPA) An accountant who has met certain standards, including experience, age, and licensing, and passed exams in a particular state. . Ferro Corporation is a major international producer of performance materials for industry, including coatings, chemicals and plastics. The Company has operations in 19 countries and recorded sales of $1.4 billion in 1998. |
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