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4-Traders Homepage  >  Equities  >  Nyse  >  Materion Corp    MTRN

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Materion Corp : Materion Corporation Announces Appointment of Robert B. Toth to Serve on Its Board of Directors

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02/06/2013 | 04:30pm CET

Materion Corporation (NYSE:MTRN) announced today the appointment of Robert B. Toth, age 52, to serve on its Board of Directors.

Mr. Toth is Chairman, President and Chief Executive Officer of Polypore International, Inc., a leading worldwide developer, manufacturer and marketer of highly specialized polymer-based membranes used in separation and filtration processes. Polypore International is based in Charlotte, North Carolina and its common stock is traded on the New York Stock Exchange under the symbol "PPO".

He became President and CEO of Polypore International, and a member of the Board of Directors in 2005, after having served in the same role for four years at CP Kelco ApS, a leading global manufacturer of hydrocolloids. He was named Chairman of the Polypore board in 2011. Prior to joining CP Kelco, Mr. Toth progressed through a number of sales, marketing and executive management positions over a 19-year career at Monsanto and its chemical company spinoff, Solutia Inc.

He earned a bachelor's degree in Industrial Management from Purdue University, and an MBA from the John M. Olin School of Business at Washington University in St. Louis, Missouri.

Commenting on the appointment of Mr. Toth to the Board of Directors, Richard J. Hipple, Chairman, President and Chief Executive Officer of Materion Corporation, stated, "Bob is an excellent addition to our Board. His extensive experience leading global advanced materials companies serving some of the same high technology markets as Materion will provide us with valuable insight and perspective as we continue to execute on our growth strategies."

Materion Corporation is headquartered in Mayfield Heights, Ohio. The Company, through its wholly owned subsidiaries, supplies highly engineered advanced enabling materials to global markets. Products include precious and non-precious specialty metals, inorganic chemicals and powders, specialty coatings, specialty engineered beryllium alloys, beryllium and beryllium composites, and engineered clad and plated metal systems.

Materion Corporation
Investors:
Michael C. Hasychak, 216-383-6823
or
Media:
Patrick S. Carpenter, 216-383-6835
http://www.materion.com
Mayfield Hts-g


© Business Wire 2013
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Financials ($)
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EBIT 2016 36,0 M
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Yield 2016 0,94%
P/E ratio 2016 -
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Mean consensus HOLD
Number of Analysts 3
Average target price 33,0 $
Spread / Average Target -18%
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NameTitle
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Joseph P. Kelley Chief Financial Officer & Vice President
Joseph P. Keithley Independent Director
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