On January 7, 2015, Sypris Solutions Inc. announced that the Board of Directors authorized the appointment of Anthony C. Allen as Vice President and Chief Financial Officer of the company. Effective as of January 1, 2015, Mr. Allen will assume responsibility for the company's finance and accounting operations, treasury and banking relationships, communications with the Board of Directors regarding financial matters, investor and securities analyst relations, capital markets strategy formulation and implementation, information systems, and the overall control environment for the Company. Mr. Allen will also serve as the company's principal financial officer.

Since December 2004 Mr. Allen has served as Vice President, Treasurer, and Assistant Secretary for the company and as Vice President of Finance and Information Systems and Assistant Secretary from 2003 to December 2004. Mr. Allen served as Vice President, Controller and Assistant Secretary for the company from 1997 to 2003. He served as Vice President of Finance of the company's predecessor from 1994 to 1998 and as Vice President and Controller from 1987 to 1994.

Prior to 1987, Mr. Allen served in a variety of management positions with Armor Elevator.