General Cable Corporation (NYSE:BGC) announced today that Brian J.
Robinson has been promoted to Senior Vice President, Chief Financial
Officer and Treasurer of the Company effective January 1, 2007.
Robinson will report to Gregory B. Kenny, President and Chief
Executive Officer of General Cable. He replaces Christopher F.
Virgulak, who previously announced his decision to leave the Company
at the end of 2006. Virgulak will continue in an advisory role for up
to six weeks to ensure an orderly transition of the Company's
financial leadership.
"As a leader with an extraordinary reputation for integrity,
teamwork and high professional standards, Brian is well deserving of
this recognition," said Gregory B. Kenny, President and Chief
Executive Officer of General Cable. "Brian has led our Corporate
Financial Accounting and Reporting Team and has been instrumental in
driving improved controls and best practices in our global finance
organization. He has also played an instrumental role in our Company's
major financing transactions, which have significantly strengthened
the Company's balance sheet, lowered our borrowing costs and improved
our operating flexibility."
Robinson became the Controller for General Cable in 2000 and
assumed the additional responsibility of Senior Vice President and
Treasurer in March 2006. He began his career at Deloitte & Touche LLP
in 1991, and in 1997 moved from Cincinnati, Ohio to London, England,
where he served as Audit Manager focused on accounting services for
global companies. In 1999, Robinson joined General Cable as Assistant
Controller.
Robinson holds a Bachelor of Science degree in Accounting from the
University of Dayton and received his CPA certification in 1993.
Kenny continued, "For over 20 years, Chris Virgulak has been a key
contributor to the overall strength of the Company and a great
business partner to me. He leaves General Cable having built a highly
capable global finance organization and, for that, I thank him on
behalf of all our associates and our shareholders, and I wish him all
the best in the future."
"I have had many opportunities to contribute and grow
professionally at General Cable and I leave knowing that the Company
has a deeper finance organization, a stronger balance sheet, and is
well positioned for the future," said Christopher F. Virgulak. "I am
certain Brian is the right person to lead General Cable's financial
team, and partner with Greg and other members of the Company's
Leadership Team to continue on their quest to profitably grow the
Company on a global basis."
With $3.5 billion of annualized revenues and 7,700 employees,
General Cable is a global leader in the development, design,
manufacture, marketing and distribution of copper, aluminum and fiber
optic wire and cable products for the energy, industrial, and
communications markets. Visit our website at www.generalcable.com.
Certain statements in this press release, including without
limitation, statements regarding future financial results and
performance, plans and objectives, capital expenditures and the
Company's or management's beliefs, expectations or opinions, are
forward-looking statements. Actual results may differ materially from
those statements as a result of factors, risks and uncertainties over
which the Company has no control. Such factors are more fully
discussed in the Company's Registration Statement on Form S-3 (File
No. 333-138511) filed with the Securities and Exchange Commission (the
"Commission") on November 8, 2006, and its amended Annual Report on
Form 10-K/A for the fiscal year ended December 31, 2005, as filed with
the Commission on November 8, 2006, as well as in its periodic reports
filed with the Commission.
