Ayers Steps Down from WireCo WorldGroup | WireCo Corporate - German

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WireCo WorldGroup
2400 W. 75th Street
Prairie Village, KS 66208

Not Translated German


Wednesday, January 25, 2017

Ayers Steps Down from WireCo WorldGroup

Audra Hernandez
Marketing Manager
WireCo WorldGroup

PRAIRIE VILLAGE, Kansas – January 25th, 2017 – WireCo WorldGroup (“WireCo”) today announced that Chairman and Chief Executive Officer, Chris Ayers, is stepping down from his positions at the company. Chris was instrumental in consolidating WireCo’s numerous operations into a single, cohesive operating entity and enabling it to successfully secure a long term capital structure and new strategic private equity partner, Onex, to continue to enhance business growth through organic growth and acquisition opportunities. 

Incoming WireCo director, Jim O’Leary, will assume the roles of Interim Chairman and Interim Chief Executive Officer, while the Board of Directors conducts a search for a permanent replacement. In order to ensure smooth operations and decision-making during the transition, José Gramaxo and Brian Block, two of WireCo’s top executives, will assume responsibility for the day-to-day operations of the business as Co-President/Chief Commercial & Development Officer and Co-President/Chief Financial and Operations Officer, respectively. 

Kosty Gilis, a Managing Director of Onex said: “We are confident that under Jim, Brian and José’s leadership, WireCo will continue its decades-long history of investing in its industry-leading products to ensure its customers and suppliers remain a key priority each and every day.”

Dexter Paine, Chairman and CEO of Paine & Partners added: “We thank Chris for his service to WireCo. Under Chris’ leadership, the company was able to successfully execute operational efficiency initiatives irrespective of market conditions and recapitalize the company for growth.”


About WireCo WorldGroup
WireCo® WorldGroup's products are recognized throughout the world and used in a wide range of market applications. WireCo® WorldGroup employs approximately 4,000 people and is headquartered in Prairie Village, Kansas, with manufacturing plants, distribution facilities and research and development centers around the world.

For more information: www.wirecoworldgroup.com.

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