Koppers Holdings (KOP) CFO retires
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Koppers Holdings Inc. (NYSE: KOP), an integrated global supplier of treated wood products, wood treatment chemicals and carbon compounds, today announced that Chief Financial Officer Michael J. Zugay briefed the board administration of his decision to retire as of December 31. , 2021. The Board of Directors has appointed Jimmi Sue Smith, the current Vice President, Finance and Treasurer of the Company, to assume the role of Chief Financial Officer effective January 1, 2022. Ms. Smith will report to Leroy Ball, Chairman and Chief Executive Officer of Koppers. .
Commenting on Mr. Zugay’s retirement, “Mike was the first hire I made as I transitioned from CFO to CEO at Koppers, and he turned out to be everything I did. ‘hoped it would be. His previous experience leading financial organizations in the public company space provided valuable expertise to the management team at the time, which allowed us to focus our efforts on creating a strategy to rebuild Koppers into a unique portfolio of products and services serving critical infrastructure markets. I would like to express my gratitude to Mike for his exceptional leadership and many contributions to support the strategy that has successfully transformed our business. It has been a pleasure to work alongside him day in and day out, ”said Ball. “On behalf of the Board of Directors and all Koppers employees, I wish Mike the best for his well-deserved retirement.
Mr. Zugay has been Chief Financial Officer of Koppers since 2014, leading all aspects of the global finance and accounting, budgeting and forecasting, tax, investor relations and corporate communications functions, and advisory functions. on the main strategic growth initiatives.
“It has been an honor to lead such a talented team at Koppers, especially over the past 18 months where my colleagues have shown tremendous resilience as we overcame the unprecedented challenges arising from the pandemic of COVID-19. I am proud of the significant progress we have made. have done to drive our growth strategy over the past seven years, ”said Zugay. “I think Koppers operates in a position of strength, with a long trajectory of profitable growth ahead. I am confident that Jimmi Sue’s experience and leadership capabilities will help Koppers continue on the path of improving performance and disciplined execution of our business strategy. I look forward to working with Jimmi Sue and the rest of the team to ensure a smooth transition. “
“It gives me great confidence to know that Jimmi Sue, a seasoned financial executive, is taking on this role,” said Ball. “She has an excellent understanding of our business as well as our industry, and in a relatively short period of time, she has earned the respect of colleagues across the organization. I look forward to working closely with Jimmi Sue in its new role to create value for all our stakeholders. ”
“It is an exciting time at Koppers, and I am very excited to contribute to the future success of the company,” said Smith. “I am proud to lead this financial organization, which will continue to find ways to seize future growth opportunities. “
As of February 2020, Ms. Smith has served as Koppers Vice President, Finance and Treasurer, overseeing the global treasury management function. She plays a critical role in financing the capital markets, M&A activities and corporate debt arrangements. In addition, she is responsible for establishing and strengthening relationships with a syndication of commercial banks as well as with credit rating agencies.
Ms. Smith brings extensive financial leadership experience. She began her career in an accounting firm of the Big Four and subsequently held various financial management and accounting positions, particularly in companies in the manufacturing and natural gas sectors. Ms. Smith received her Bachelor of Business Administration with a concentration in Accounting from the University of West Virginia and a JD from Duquesne University Law School.