Ducommun Incorporated Announces the Appointment of Christopher D. Wampler to Chief Financial Officer, Controller and Treasurer

Rhea-AI Summary

Ducommun Incorporated (NYSE: DCO) has promoted Christopher D. Wampler to Chief Financial Officer, Controller & Treasurer, effective immediately. Wampler, who has served as Interim CFO since the past year, has been with the company since 2013, previously holding various financial roles. CEO Stephen G. Oswald expressed confidence in Wampler's leadership to drive value for stakeholders. With a strong background in finance and a commitment to business excellence, Wampler aims to enhance shareholder value and operational success at Ducommun.

Positive

• Christopher Wampler's promotion is expected to strengthen leadership continuity.
• Wampler's extensive experience within the company could drive operational improvements.

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• None.

SANTA ANA, Calif., Jan. 27, 2021 (GLOBE NEWSWIRE) -- Ducommun Incorporated (“Ducommun” or the “Company”) (NYSE: DCO), a global supplier of innovative electronic and structural solutions for the aerospace and defense industry, announced the appointment of Christopher D. Wampler, the Company’s current Interim Chief Financial Officer & Treasurer, to Chief Financial Officer, Controller & Treasurer.

"I am pleased to announce the promotion of Chris to be the next Chief Financial Officer, Controller & Treasurer of Ducommun,” said Stephen G. Oswald, President, Chairman and Chief Executive Officer of Ducommun Incorporated. “He has been an effective leader of our finance team during the interim period and I am glad that he will now have the role for the long term. Chris will continue to work with me and leadership to develop value for all our stakeholders along with driving the top and bottom lines at the company.”

“I am thrilled and humbled to have the opportunity to help lead Ducommun in the capacity of Chief Financial Officer,” said Mr. Wampler.  “It will be a privilege and an honor to continue working with the Ducommun team as we proceed on our journey pursuing business excellence and enhancing value for all of our stakeholders.”

Mr. Wampler has been with the Company since 2013.  For the last year and a half, Mr. Wampler has served as Vice President, Interim Chief Financial Officer & Treasurer, and Controller and Chief Accounting Officer, positions he has held since 2016. Mr. Wampler was Vice President and Assistant Controller for several of the Company’s subsidiaries from 2013 to 2015. Prior to joining Ducommun, he served as the Controller of Just Fabulous, Inc., an online subscription retailer, from 2012 to 2013, and as the Division Controller of A.O. Smith Electrical Products Co. from 2004 to 2012.

Mr. Wampler has a Bachelor of Accounting degree from Wright State University and holds CPA, CMA, CFM designations.

About Ducommun Incorporated
Ducommun Incorporated delivers value-added, innovative manufacturing solutions to customers in the aerospace, defense and industrial markets. Founded in 1849, the company specializes in two core areas– Electronic Systems and Structural Systems – to produce complex products and components for commercial aircraft platforms, mission-critical military and space programs, and sophisticated industrial applications. For more information, visit Ducommun.com.

Forward-Looking Statements
This press release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including relating to the facilities and programs discussed above. We generally use the words "believe," "expected," “future,” "continued," "will" and similar expressions in this press release to identify forward-looking statements. These statements are based on assumptions currently believed to be valid, but they involve risks and uncertainties that could cause our actual results to differ materially from those expressed in the forward-looking statements. Important uncertainties that could cause our actual results to differ from those expressed in the forward looking statements are identified in our reports filed with the SEC, including our Quarterly Reports on Form 10-Q, our Annual Reports on Form 10-K, and our Current Reports on Form 8-K. The forward-looking statements included in this press release are made only as of the date of this press release, and Ducommun does not undertake any obligation to (and expressly disclaims any such obligation to) update the forward looking statements to reflect subsequent events or circumstances.

CONTACTS:

• Rose Rogers, Vice President & CHRO, 310.418.8363 rrogers@ducommun.com
• Chris Witty, Investor Relations, 646.438.9385, cwitty@darrowir.com

FAQ

What was announced in Ducommun's recent press release regarding management?

Ducommun announced the promotion of Christopher D. Wampler to Chief Financial Officer, Controller & Treasurer.

Who is the new CFO of Ducommun and what was his previous position?

Christopher D. Wampler was previously the Interim Chief Financial Officer and has been with Ducommun since 2013.

What experience does Christopher Wampler bring to his new role at Ducommun?

Wampler has held various finance roles since joining Ducommun in 2013, including Vice President and Controller.

How does Ducommun's management change impact the company?

The change is expected to provide leadership continuity and enhance operational focus on stakeholder value.