Sypris Solutions, Inc. Announces Executive Changes
January 16, 2018 at 04:16 pm
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On January 12, 2018, the Board of Directors of Sypris Solutions, Inc. approved the reorganization and elimination of certain executive officer positions for the company. Effective as of January 12, 2018, Paul G. Larochelle, will cease to serve as Vice President Sales and Strategic Initiatives for the company, however, Mr. Larochelle will continue to serve in this position for the company's operating subsidiary, Sypris Technologies, Inc. The company's Board also determined that effective January 12, 2018, Stephen W. Straub, will cease to serve as Vice President Operations for the company, however, the Board of Sypris Technologies has similarly appointed Mr. Straub to serve as its Vice President Continuous Improvement and Innovation.
Sypris Solutions, Inc. is a diversified manufacturing and engineering services company serving the defense, transportation, communications, and energy industries. The Company is a provider of truck components, oil and gas pipeline components and aerospace and defense electronics. Its segments include Sypris Technologies, Inc. (Sypris Technologies) and Sypris Electronics, LLC (Sypris Electronics). Sypris Technologies is a supplier of forged and machined components, serving the commercial vehicle, off highway vehicle, recreational vehicle, automotive, industrial and energy markets in North America. Sypris Technologies manufactures energy-related products, such as pressurized closures, insulated joints, and other specialty products, primarily for oil and gas pipelines. Sypris Electronics segment is engaged in circuit card and full box build manufacturing and design for manufacturability and design to specification, for customers in the aerospace and defense electronics markets.