WEST NYACK, NY -- February 13, 2003 -- The company announced today that Thomas J. Uhlig has joined General Bearing Corporation (GBC) (Nasdaq:GNRL) as Executive Vice President. Mr. Uhlig has an extensive background in general management and business development and will focus in leading GBC growth initiatives. He will function as an adjunct to the President’s office, working closely with the staff of the US operations as well as the company’s many China-based joint ventures and subsidiaries.
Prior to this appointment, Mr. Uhlig was Vice President of the Timken Super Precision Group. Under his leadership the Group’s performance improved substantially, resulting in increased sales, overhead reductions, improved on time delivery and positive annual cash flow. Also at Timken, he was Director of of Manufacturing for North and South America and President of MPB Corporation when it was acquired by Timken. In addition, Mr. Uhlig has been President of Johnstown America Corporation, a leading railroad freight car manufacturer and Senior Vice President of Ferrofluidics Corporation manufacturing capital equipment for the semiconductor industry. He obtained his BSBA/MBA from University of Rhode Island, earning Beta Gamma Sigma National Honor Society standing.
Mr. Uhlig is anxious to participate in taking General Bearing to the next level. “I have observed General Bearing’s successful effort to position itself as a high quality, low cost producer of bearing products,” stated Uhlig. “I am very pleased to be a part of a company with such great potential for continued growth in the global marketplace.”
General Bearing President, David L. Gussack commented, “ We are excited to have Tom as part of the executive management team. His accomplishments, experience, and proven record of results are sure to be a key asset in supporting our growth and improvement initiatives”.
General Bearing manufactures ball bearings, tapered roller bearings, spherical roller bearings, and cylindrical roller bearings, and bearing components. Under "The General" and the "Hyatt" trademarks, the Company supplies original equipment manufacturers in the automobile, truck/trailer, railcar, office equipment, machinery and appliance industries, as well as the industrial aftermarket.
"Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995: This press release contains forward looking statements that are subject to risks and uncertainties, including, but not limited to, the impact of competitive products, product demand and market acceptance risks, reliance on key strategic alliances, fluctuations in operating results and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission. These risks could cause the Company's actual results for the current FY and beyond to differ materially from those expressed in any forward looking statements made by, or on behalf of, the company.