HIGHLAND HEIGHTS, Ky.--(BUSINESS WIRE)--Jul. 20, 2012--
General Cable Corporation (NYSE: BGC) (the Company) announced today that
Charles G. McClure, Jr. resigned from the Board of Directors of the
Company effective July 20, 2012. Mr. McClure, Chairman, Chief Executive
Officer and President of Meritor, Inc., resigned for personal reasons as
a result of demands relating to ongoing business activities and not due
to any disagreement with the Company. The Company plans to fill the
vacancy created by his resignation.
John E. Welsh, III, Chairman of the Board, stated, “Chip McClure has
made valuable contributions to the Board of Directors and the Company
during his Board service and we are grateful for the perspective and
insights he has brought in many areas.”
General Cable (NYSE:BGC), a Fortune 500 Company, is a global
leader in the development, design, manufacture, marketing and
distribution of copper, aluminum and fiber optic wire and cable products
for the energy, industrial, specialty, construction and communications
markets. For more information about General Cable products,
please contact your local sales representative or visit our Web site at www.generalcable.com.
Forward Looking Statements
Certain statements in this press release are forward-looking
statements that involve risks and uncertainties, predict or describe
future events or trends and that do not relate solely to historical
matters. Forward looking statements can generally be identified
by use of forward-looking terminology such as “believe,”
“expect,” “may,” “will” “anticipate,” “intend,” “estimate,” “project,”
“plan,” “assume,” “seek to” or other similar expressions, although not
all forward-looking statements contain these identifying words. Actual
results may differ materially from those discussed in forward-looking
statements as a result of factors, risks and uncertainties over many of
which we have no control. These factors include, but are not
limited to: the economic strength and competitive nature of the
geographic markets that the Company serves; our ability to increase
manufacturing capacity and productivity; our ability to increase our
selling prices during periods of increasing raw material costs; our
ability to service, and meet all requirements under, our debt, and to
maintain adequate domestic and international credit facilities and
credit lines; the impact of unexpected future judgments or settlements
of claims and litigation; the impact of foreign currency fluctuations,
compliance with U.S. and foreign laws, the Company’s ability to
implement and make appropriate, timely and beneficial decisions as to
when, how and if to purchase shares under the repurchase program and the
other risks detailed from time to time in the Company’s SEC filings,
including but not limited to, its annual report on Form 10-K for the
fiscal year ending December 31, 2011, and subsequent SEC filings. You
are cautioned not to place undue reliance on these forward-looking
statements. General Cable does not undertake, and hereby
disclaims, any obligation, unless required to do so by applicable
securities laws, to update any forward-looking statements as a result of
new information, future events or other factors.
Source: General Cable Corporation
General Cable Corporation
Len Texter, Manager, Investor Relations,
859-572-8684
