SIFCO Industries, Inc (“SIFCO”) Announces Bob Johnson Joins as an Advisor

Rhea-AI Summary

SIFCO Industries, Inc. (AMEX: SIF) has announced the appointment of Robert 'Bob' Johnson as an advisor to the CEO and Board of Directors, effective November 16, 2022. Johnson, a former CEO of Honeywell Aerospace, brings extensive experience in the aerospace sector. His advisory role will focus on market direction, strategy, and operational excellence. The press release also includes forward-looking statements that highlight potential risks affecting future business, including economic conditions and pandemic implications.

Positive

• Appointment of Robert Johnson as advisor, enhancing strategic direction.

Negative

• Forward-looking statements indicate potential risks from economic conditions and pandemics.

CLEVELAND--(BUSINESS WIRE)-- SIFCO Industries, Inc. (NYSE American: SIF) – We are very pleased to announce that Robert ‘Bob’ Johnson has joined SIFCO as an advisor to both the CEO and the Board of Directors effective November 16, 2022. Mr. Johnson forged an exemplary career in Aerospace, including senior roles at GE, before retiring in 2005 as CEO of Honeywell Aerospace. He currently holds positions on a number of Boards of Directors and remains actively involved in the Aerospace industry. His role as an advisor will focus on market direction, strategy, and operational excellence.

Forward-Looking Language

Certain statements contained in this press release are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, such as statements relating to financial results and plans for future business development activities, and are thus prospective. Such forward-looking statements are subject to risks, uncertainties and other factors, which could cause actual results to differ materially from future results expressed or implied by such forward-looking statements. Potential risks and uncertainties include, but are not limited to, economic conditions, concerns with or threats of, or the consequences of, pandemics, contagious diseases or health epidemics, including COVID-19, competition and other uncertainties the Company, its customers, and the industry in which they operate have experienced and continue to experience, detailed from time to time in the Company’s Securities and Exchange Commission filings.

The Company's Annual Report on Form 10-K for the year ended September 30, 2021 and other reports filed with the Securities and Exchange Commission can be accessed through the Company's website: www.sifco.com, or on the Securities and Exchange Commission's website: www.sec.gov.

SIFCO Industries, Inc. is engaged in the production of forgings and machined components primarily for the aerospace and energy markets. The processes and services include forging, heat-treating, coating, and machining.

View source version on businesswire.com: https://www.businesswire.com/news/home/20221129005206/en/

SIFCO Industries, Inc.

Pete Knapper, President & CEO, 216-881-8600

www.sifco.com

Source: SIFCO Industries, Inc.

FAQ

Who is Robert Johnson in relation to SIFCO Industries?

Robert Johnson is an advisor to the CEO and Board of Directors, effective November 16, 2022.

What is the focus of Robert Johnson's advisory role at SIFCO?

Johnson's advisory role focuses on market direction, strategy, and operational excellence.

What potential risks does SIFCO face according to the recent press release?

The press release mentions risks related to economic conditions and the impacts of pandemics.

What is the stock symbol for SIFCO Industries?

The stock symbol for SIFCO Industries is AMEX: SIF.