- Appoints James R. Roach Chairman of the Board -
- Elects Two New Directors
from HC2 Holdings -
Robert V. Leffler, Jr. and
Kenneth S. Courtis
PHOENIX, June 23, 2020 (GLOBE NEWSWIRE) -- DBM Global Inc. announced
today the election of James R. Roach, Chief Executive Officer and
President of DBM and Director to become Chairman of the Board. In
addition, the company announced the election of two new Board members
Robert V. Leffler, Jr. and Kenneth S. Courtis. Both are board members
at HC2 Holdings (NYSE: HCHC) and will replace Philip Falcone and HC2’s
Chief Financial Officer Michael J. Sena on the DBM Global Board.
Current Directors Michael R. Hill, A.J. Stahl, D. Ronald Yagoda and
Paul J. Hurley will also continue their service on the Board.
“The DBMG Board is excited to welcome Mr. Leffler and Mr. Courtis to
the Board and we look forward to working with these gentlemen to chart
the course ahead as we continue to work to enhance shareholder value,”
commented Mr. Roach. “We thank Phil and Mike for their prior service
and contributions to DBMG.”
Director Biographies:
James R. Roach
James R. Roach (“Rustin”) has been the President and CEO of DBM Global
Inc. since 2014 and served as President of Schuff Steel Company from
2014-2016 and 2018- present. From 2013-2014 Mr. Roach was President of
the Western Region of Schuff Steel Company which included overseeing
the Southwest and Pacific Division and was appointed a Director of the
Company in 2013. Mr. Roach served as the Executive Vice President of
the Pacific Division of Schuff Steel Company from 2005 until 2013.
Prior to 2005 Mr. Roach held various position with the Company
including Estimator, Project Manager, and Vice President of Sales in
the Southwest and Pacific Divisions. Mr. Roach received his B.S.
degree from the University of Georgia.
Robert V. Leffler, Jr.
Robert V. Leffler, Jr. has served as a director of HC2 since September
2014 and served as Lead Independent Director of HC2 from June 2016
through February 2020. Mr. Leffler is semi-retired but now operates
Milton Drive Consulting, LLC. He formerly owned The Leffler Agency,
Inc. (“The Leffler Agency”), a full-service advertising agency, from
1984 to 2016. The firm specialized in the areas of
sports/entertainment and media. Previously headquartered in Baltimore,
the agency also had an office in Tampa and operated in 20 U.S.
markets. The Leffler Agency also had a subsidiary media buying
service, Media Moguls, LLC, which specialized in mass retail media
buying. Mr. Leffler previously served as a director and Chairman of
the Compensation Committee of HRG from 2008 to 2013 and a director and
Chairman of the Compensation Committee of Zapata, Inc. from 1995 to
2008. In addition to his service as an independent public director for
three different firms since 1995, by owning and running an advertising
agency, he worked with 15 different types of businesses, including
those in sports, entertainment and media (in the television (both
broadcast and cable) and radio industries). The Leffler Agency
conducted broadcast rights negotiations for potential media rights
holders and the National Football League, Major League Baseball, the
Canadian Football League and the National Hockey League, as well as
College Division One teams. In addition, it produced public affairs TV
programming that ran on MyTV Tampa Bay for three years. Mr. Leffler
holds a Bachelor of Arts in social science/history from Towson
University and a Master of Arts in Urban Studies and Popular Culture
History from Morgan State University.
Kenneth S. Courtis
Kenneth S. Courtis has served as a Director of HC2 Holdings, Inc.
since May 2020. Mr. Courtis is a financial executive with more than 30
years of banking, investment management and board service experience.
Since January 2009, Mr. Courtis has served as the Chairman of Starfort
Investment Holdings. Previously, he served as Vice Chairman and
Managing Director of Goldman Sachs, and Chief Economist and Investment
Strategist of Deutsche Bank Asia. He received an undergraduate degree
from Glendon College in Toronto and an MA in international relations
from Sussex University in the United Kingdom. He earned an MBA at the
European Institute of Business Administration and received a Doctorate
with honors and high distinction from l’Institut d’etudes politiques,
Paris.
Michael R. Hill
Michael R. Hill (“Mike”) has served on the Board of Directors since
2001 and as the Vice President, Chief Financial Officer, Treasurer and
Secretary or Assistant Secretary of the Company since 2000. From 1977
to 2000 prior to joining the Company, Mr. Hill was associated with
Motor Coach Industries International, the leading designer,
manufacturer, and marketer in North America of inter-city motor
coaches and related replacement parts. Mr. Hill received his B.B.A.
degree from Eastern New Mexico University and attended graduate school
at the Kellogg School of Management, Northwestern University.
D. Ronald Yagoda
D. Ronald Yagoda (“Ron”) has served on the Board of Directors since
2012 and has been associated with DBMG as a consultant since 1996.
Since 1988 Mr. Yagoda has been the founder and managing member of
DryAz Consulting, LLC of Scottsdale, Arizona, a firm specializing in
strategic and financial planning, mergers, acquisitions, and assisting
companies in raising capital. Between 1968 and 1988, Mr. Yagoda worked
on Wall Street in various investment management firms and was a member
of the New York Stock Exchange. Mr. Yagoda currently serves as
Chairman of the Board for Cymedica, Inc. He has also served on
numerous other profit and non-profit Boards as well. He is a graduate
of the University of Oklahoma.
Paul J. Hurley
Paul J. Hurley (“Pat”) has been on the Board of Directors since 2016.
Mr. Hurley is an independent consultant to the aerospace and defense
industry focusing on leadership and strategy development. Immediately
prior to this venture he retired as vice president and general manager
of Electronic Warfare Systems for Raytheon Company’s Space and
Airborne Systems (SAS) business. Pat has nearly 30 years of experience
in defense aerospace and international business, including 12 years in
avionics and electronics and 15 years in the gas turbine segment for
primary and secondary power generation. Mr. Hurley received a
bachelor’s degree in mathematics from the United States Air Force
Academy in Colorado Springs, Colo., and a master’s degree in business
administration from Arizona State University. He served in the United
States Air Force for 26 years on active duty and in the reserve, as a
cargo, fast mover and combat pilot. Pat currently has several
consulting clients in the private equity space and serves on several
advisory boards for established and start-up companies.
A.J. Stahl
A.J. Stahl has been on the Board of Directors since 2018. Mr. Stahl
joined HC2 Holdings, Inc. (“HC2”), in October of 2016 as the Vice
President of Investments. Prior to joining HC2, Mr. Stahl spent five
years as a Vice President at Goldman Sachs & Co., within the
Investment Management Division (“Goldman”). While at Goldman he was
responsible for overseeing the distressed investments in the High
Yield and Loan portfolios. Prior to joining Goldman, Mr. Stahl spent
three years as an Associate at Oaktree Capital Management (“Oaktree”),
a large diversified investment company based in Los Angeles. Mr. Stahl
started his career at Houlihan Lokey within the financial
restructuring group working on transactions within the telecom,
building, consumer and forest product industries. Mr. Stahl is a
graduate of the University of California, Los Angeles with a Bachelor
of Arts in Political Science and Accounting.
About DBM Global Inc.
DBM Global Inc. is focused on delivering world class, sustainable
value to its clients through a highly collaborative portfolio of
companies which provide better designs, more efficient construction,
and superior asset management solutions. The Company offers integrated
steel construction services from a single source and professional
services which include design-assist, design-build, engineering,
detailing, BIM co-ordination, steel modeling/detailing, fabrication,
rebar detailing, advanced field erection, project management, and
state-of-the-art steel management systems. Major market segments
include commercial, healthcare, convention centers, stadiums, gaming
and hospitality, mixed use and retail, industrial, public works,
bridges, transportation, and international projects. The Company,
which is headquartered in Phoenix, Arizona, has operations in United
States, Australia, Canada, India, New Zealand, Philippines, Singapore,
Thailand and the United Kingdom.
Contact:
DBM Global Inc.
Michael R. Hill, VP and CFO
(602) 257-7838
Email: mike.hill@dbmglobal.com
For additional information on DBM Global’s majority shareholder, HC2
Holdings, Inc. (NYSE: HCHC), please visit http://www.hc2.com or
contact:
Investor Relations
Garrett Edson
ICR
Phone: (212) 235-2691
E-Mail: ir@hcr.com
Cautionary Statement Regarding Forward-Looking Statements
Safe Harbor Statement Under the Private Securities Litigation Reform
Act of 1995: This release contains, and certain oral statements made
by our representatives from time to time may contain, forward-looking
statements. Generally, forward-looking statements include information
describing actions, events, results, strategies and expectations and
are generally identifiable by use of the words "believes," "expects,"
"intends," "anticipates," "plans," "seeks," "estimates," "projects,"
"may," "will," "could," "might," or "continues" or similar
expressions. The forward-looking statements in this press release
include without limitation statements regarding our expectation
regarding building shareholder value. Such statements are based on the
beliefs and assumptions of DBM Global's management and the management
of DBM Global’s subsidiaries. The Company believes these judgments are
reasonable, but you should understand that these statements are not
guarantees of performance or results, and the Company's actual results
could differ materially from those expressed or implied in the
forward-looking statements due to a variety of important factors, both
positive and negative, that may be revised or supplemented in
subsequent reports on HC2 Holdings, Inc.’s Forms 10-K, 10-Q and 8-K.
These risks and other important factors discussed under the caption
"Risk Factors" in HC2’s most recent Annual Report on Form 10-K filed
with the Securities and Exchange Commission ("SEC"), and other reports
filed with the SEC could cause actual results to differ materially
from those indicated by the forward-looking statements made in this
press release.
You should not place undue reliance on forward-looking statements. All
forward-looking statements attributable to DBM Global or persons
acting on its behalf are expressly qualified in their entirety by the
foregoing cautionary statements. All such statements speak only as of
the date made, and DBM Global undertakes no obligation to update or
revise publicly any forward-looking statements, whether as a result of
new information, future events or otherwise.
