Ridgway, PA – February 11, 2009 – Alpha Sintered Metals, Inc. (ASM), a manufacturer of highly engineered powdered metal products for the lawn and garden, small engine and industrial sectors, announced today the appointment of JoAnne Ryan as President and Chief Executive Officer. Ryan will replace interim CEO Matthew Brennan, an Operating Principal at Key Principal Partners Corp. (KPP). KPP has been the majority owner of ASM since 2004.
“ASM is known within the industry as a leader in the innovative application of powdered metal technology to the design, development and production of extremely difficult applications,” said JoAnne Ryan, President and CEO of ASM. “I’m honored to join the organization and am eager to work with the ASM team to continue to deliver high–quality products and solutions to our customers.”
Prior to joining ASM, Ryan served in numerous leadership roles at Metaldyne Corporation (Metaldyne), a Michigan–based manufacturer of metal–formed components, assemblies and modules for the global automotive and transportation industry and automotive aftermarket. Most recently, she was Vice President and General Manager of the Metaldyne Metals Group, where she was responsible for global operations of the fabricated exhaust and aluminum die casting units. Previously, Ryan was Vice President and General Manager for China Operations at Metaldyne, where she oversaw Powertrain and Chassis operations in China.
“JoAnne has the experience and industry–knowledge needed to lead ASM into the next decade. We look forward to working with her and growing ASM together,” said Leland Lewis, Managing Partner, Key Principal Partners.
Ryan graduated with a B.S. in business management and a concentration in finance from the University of Pittsburgh, where she was named a University Scholar. She lives in St. Marys, PA with her husband Dave and daughter Brittany.
About Alpha Sintered Metals, Inc.
Alpha Sintered Metals, Inc. (ASM), is a designer and manufacturer of highly precise powdered metal components, such as spur, bevel, and helical gears; sprockets, cams, assembled cam shafts, and flanges. These components are used primarily in small engines, transmissions and mechanical drive applications for the outdoor power equipment (including lawn and garden), automotive, and general industrial markets. ASM was founded in 1967 and is headquartered in Ridgway, Pennsylvania with an additional site in Yizheng, China. For additional information, please visit the Alpha Sintered Metals website.
About Key Principal Partners
Key Principal Partners (KPP) is a $1 billion private investment firm that provides expansion capital to profitable middle-market companies with at least $30 million in revenue. The firm has the flexibility to provide any combination of subordinated debt, preferred equity and/or common equity in either non-control (minority ownership) or control (majority ownership) positions. KPP can invest between $10 million and $40 million to facilitate the growth, acquisition, refinancing, deleveraging or liquidity needs of private company owners and their management teams. Affiliated with KeyCorp, KPP is headquartered in Cleveland, and has additional offices in Greenwich, and San Francisco.
Cleveland–based KeyCorp is one of the nation’s largest bank–based financial services companies, with assets of approximately $97 billion. Key companies provide investment management, retail and commercial banking, consumer finance, and investment banking products and services to individuals and companies throughout the United States and, for certain businesses, internationally. For more information, visit www.Key.com.