AMG Advanced Metallurgical Group N.V. announces appointment of new CFO

Mon Apr 15, 2013 11:40am EDT

* Reuters is not responsible for the content in this press release.

  AMSTERDAM, NETHERLANDS, Apr 15 (Marketwired) -- 
AMG Advanced Metallurgical Group N.V. (EURONEXT AMSTERDAM: AMG) ("AMG" or
the "Company") announced today that it has appointed Ms. Amy Ard as Chief
Financial Officer ("CFO"). Ms. Ard succeeds Mr. William J. Levy, who will
step down following completion of his term as Management Board member on
May 13, 2013. Mr. Levy will assist in an orderly transition to Ms. Ard
until that date and will become a Senior Advisor to AMG, assisting the
Company in matters related to financings.

    Ms. Ard is currently the Senior Vice President and Group Controller of
AMG and she has held various senior level financial positions at AMG and
predecessor companies since 2005. Ms. Ard was the Controller during AMG's
IPO in 2007 and she has served as Treasurer and Secretary of AMG
businesses. She is a Certified Public Accountant with more than 18 years'
experience across a variety of industrial companies, having worked with
both small and large companies in the private and public arenas. The
Supervisory Board intends to nominate Ms. Ard as member of the Management
Board of the company at the next available opportunity.

    AMG's Supervisory Board thanks Mr. Levy for his financial leadership and
guidance of the Company. Dr. Heinz Schimmelbusch, CEO and Chairman of the
Management Board commented, "We greatly appreciate Bill's significant
contributions to AMG. He has led AMG's finance function since the time as
a private company and built a highly qualified finance team necessary for
a listed company. We wish him the best in his future endeavors. We are
very pleased that Ms. Ard, the senior member of that team, succeeds Bill
as CFO. She will bring continuity, stability, and leadership to AMG's
finance department".

    About AMG

    AMG creates and applies innovative metallurgical solutions to the global
trend of sustainable development of natural resources and CO(2)
reduction. AMG produces highly engineered specialty metal products and
advanced vacuum furnace systems for the Energy, Aerospace, Infrastructure
and Specialty Metals and Chemicals end markets. AMG consists of three
segments, AMG Processing, AMG Engineering and AMG Mining.

    AMG Processing develops and produces specialty metals, alloys and high
performance materials. AMG is a significant producer of specialty metals,
such as ferrovanadium, ferronickel-molybdenum, aluminum master alloys and
additives, chromium metal and ferrotitanium, for Energy, Aerospace,
Infrastructure and Specialty Metal and Chemicals applications. Other key
products include specialty alloys for titanium and superalloys, coating
materials and vanadium chemicals.

    AMG Engineering designs, engineers and produces advanced vacuum furnace
systems and operates vacuum heat treatment facilities, primarily for the
Aerospace and Energy (including solar and nuclear) industries. Furnace
systems produced by AMG include vacuum remelting, solar silicon melting
and crystallization, vacuum induction melting, vacuum heat treatment and
high pressure gas quenching, turbine blade coating and sintering. AMG
also provides vacuum case- hardening heat treatment services on a tolling

    AMG Mining produces critical materials utilizing its secure raw material
sources in Africa, Asia, Europe and South America. AMG Mining produces
critical materials such as high purity natural graphite, tantalum,
antimony and silicon metal. These materials are of significant importance
to the global economy and are available in limited supply. End markets
for these materials include electronics, energy efficiency, green energy
and infrastructure.

    With over 3,000 employees, AMG operates globally with production
facilities in Germany, the United Kingdom, France, Czech Republic, United
States, China, Mexico, Brazil, Turkey, Poland, India and Sri Lanka and
has sales and customer service offices in Belgium, Russia and Japan


    Certain statements in this press release are not historical facts and are
"forward looking." Forward looking statements include statements
concerning AMG's plans, expectations, projections, objectives, targets,
goals, strategies, future events, future revenues or performance, capital
expenditures, financing needs, plans and intentions relating to
acquisitions, AMG's competitive strengths and weaknesses, plans or goals
relating to forecasted production, reserves, financial position and
future operations and development, AMG's business strategy and the trends
AMG anticipates in the industries and the political and legal environment
in which it operates and other information that is not historical
information. When used in this press release, the words "expects,"
"believes," "anticipates," "plans," "may," "will," "should," and similar
expressions, and the negatives thereof, are intended to identify forward
looking statements. By their very nature, forward-looking statements
involve inherent risks and uncertainties, both general and specific, and
risks exist that the predictions, forecasts, projections and other
forward- looking statements will not be achieved. These forward-looking
statements speak only as of the date of this press release. AMG expressly
disclaims any obligation or undertaking to release publicly any updates
or revisions to any forward- looking statement contained herein to
reflect any change in AMG's expectations with regard thereto or any
change in events, conditions, or circumstances on which any
forward-looking statement is based.

    April 15 2013:

    This announcement is distributed by Thomson Reuters on behalf of Thomson
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accuracy and  originality of the information contained therein.

    Source: AMG Advanced Metallurgical Group N.V. via Thomson Reuters ONE


For further information, please contact:

AMG Advanced Metallurgical Group N.V.
+1 610 975 4901
Jonathan Costello
Vice President of Corporate Development and Corporate Communications

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