HARSCO GasServ STRENGTHENS STRATEGIC FOCUS ON SELLING, SERVICE and SUBSTANCE
Management Team Approach Concentrates Resources on Customer Covenants
MECHANICSBURG, PA (August 3, 2005): Worldwide industrial services and products company Harsco Corporation (NYSE: HSC) today announced the formation of an executive management team to strategically strengthen customer focus throughout the service and manufacturing sectors of its four globally recognized brand names. Derek C. Hathaway, Chairman, CEO and President of Harsco Corporation, commented that, “Management’s mission is to significantly enhance what we perceive to be a current opportunity to improve our customer relations performance. The continuing consolidation of points of sale in the global gas industry dictates that we are proactive in establishing affable covenants with customers and developing hospitable business platforms to market our products and services.” Mr. Hathaway continued, “The members of our governing committee are all experienced Harsco GasServ executives, our decision to formalize the governing committee approach is also consistent with our long standing corporate mission to be the market leaders in the industries we serve.” Mr. Hathaway further emphasized that the executive committee will continue to expand the cross-market synergies among the Taylor-Wharton, Sherwood, Structural Composites Industries and American Welding & Tank brand names.
Vice President and Controller, James E. Cline has been named to head the Harsco GasServ executive management team which represents over two centuries of combined experience in the gas equipment industry. Mr. Cline is joined by Scott W. Boyd, Vice President Sales and Marketing-Industrial Gas Products; Donald F. Fabricy, Vice President Sales and Marketing-Propane Products; Hoyt H. Fitzsimmons, Vice President and General Manager-Cryogenics; Michael L. Larsen, Vice President and General Manager-American Welding & Tank; and, Kenneth O. Miller, Vice President and General Manager-Structural Composites Industries. Mr. Cline noted that, “The individual expertise of the executive committee members is ideally suited to further leverage our ability to market, service, repair and install the products we produce. We are committed to sustaining and advancing the company’s status as the most comprehensive technology, service and equipment supplier to the global gas community.”
Harsco GasServ comprises four complementary manufacturing and service businesses that combined, form the world’s leading technology, service and manufacturing network for gas applications involving pressure vessels and precision valves. The Group operates 23 manufacturing, sales, warehouse and service facilities in 9 countries on 5 continents, and markets its products in over 80 countries worldwide. Additional information about Harsco GasServ can be found at www.harscogasserv.com.
Harsco Corporation is a diversified, worldwide industrial services and products company with annual sales in excess of $2.5 billion. Harsco’s four market-leading business segments provide mill services, access services, engineered products and services, and gas containment and control technologies to customers worldwide. The company employs 18,500 people at over 400 locations in more than 40 countries of operation. Additional information about Harsco can be found at www.harsco.com.
