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[Nov 2006]
Sallie Bailey to Join Ferro Corporation
Ferro Corporation (Cleveland, OH, USA) has announced that Sallie Bailey will join the company on 2 January 2007 as Vice President and Chief Financial Officer.
Ms Bailey will replace Tom Gannon. Mr Gannon has been Vice President and Chief Financial Officer since joining Ferro in 2003.
Sallie Bailey currently serves as Senior Vice President-Finance and Controller with The Timken Company. She will report to James Kirsch, President and CEO at Ferro.
"We are fortunate to have an executive with Sallie's deep management experience at major global public companies joining us," said Mr Kirsch. "Her depth of financial and business expertise is a great match with the goals we have to transform Ferro into a high-performance leader in the specialty materials and chemicals industry."
Mr Gannon has expressed an interest in pursuing opportunities outside the Ferro financial organisation. "We are grateful to Tom Gannon for his stewardship of Ferro's financial operations during a very difficult period," said James Kirsch.
At Timken, Sallie Bailey oversees the global treasury, financial reporting, tax, and financial performance and planning functions. Timken is a publicly held global manufacturer of highly engineered bearings, alloy steels and related products, with operations in 27 countries, 27,000 employees and sales of US$5.2 billion in 2005. Ms Bailey also serves as a director of Milacron Inc, a global manufacturer of plastics processing equipment and supplies.
She joined Timken in 1995 as Director of Finance and was promoted into key financial management roles, including Treasurer and Corporate Controller.
www.ferro.com
ENDS