International Beryllium Corporation Appoints Denis Brady to the Board of Directorsadmin
International Beryllium Corporation announce that Mr. Denis Brady has been appointed as a non-executive director of International Beryllium Corporation. Mr. Brady brings manufacturing operating experience to the board as the Company expands its production capacity and, as someone with recognized financial expertise, will chair the audit committee.
Until its recent acquisition by IB, Mr. Brady was the President, CEO and majority shareholder of Nonferrous Products, Inc., a profitable and growing Indiana based beryllium metalworking and specialty alloy processing company. Mr. Brady acquired Nonferrous in the early 1990s and delivered consistent annual revenue growth while also modernizing the plant and product offerings and expanding the market both in North America and overseas.
Mr. Brady is also the principal owner of an aerospace forge manufacturing complex Mattco Forge, Inc., located in Paramount, California. Mattco employs 55 people and serves the global aircraft engine market with aluminum, inconel and titanium rings and components. Its largest customers include Pratt & Whitney, Honeywell, Rolls Royce and General Electric.
“We are extremely happy to welcome Denis to the International Beryllium team at this exciting stage in our company’s growth,” stated Anthony Dutton, President and CEO of IB. “His deep understanding of the global beryllium business combined with his hands on experience at both Nonferrous and Mattco will be an invaluable asset to IB as we expand our operations and evaluate additional strategic opportunities for growth.”
“I am delighted to be joining the board of IB and look forward to providing assistance and guidance wherever I can,” said Mr. Brady. “International Beryllium’s core focus of vertical integration within the global beryllium and special alloys market is exactly the right strategy, and while I was under no obligation to sell Nonferrous, I am very excited to be joining this initiative, both as a director and shareholder.”
Prior to purchasing Nonferrous and Mattco in the 1990s, Mr. Brady was the CFO, and on the Board of Directors, of a NYSE-listed mining and manufacturing company. Earlier in his career, he was the Vice President and Treasurer of The Hertz Corporation and has held other senior banking and financial positions. He has an MBA from Columbia University and a BA from Fordham University.
International Beryllium Corporation is a global manufacturing, exploration and development company focused on beryllium, beryllium oxides and beryllium master alloys. Beryllium and related alloys are used in a broad range of specialized industrial applications such as nuclear power, defence, electronics and automotive. International Beryllium’s common shares are traded on the TSX-V under the symbol IB.