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Ferro announces organizational changes

FerroFerro Corporation, a producer of technology-based performance materials for manufacturers, announced corporate appointments and management changes.

Benjamin Schlater, who has served as Ferro's vice president, corporate development and strategy since September 2015, has been named vice president and chief financial officer.

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Mr. Schlater joined Ferro in September 2015. He has nearly 20 years of corporate finance experience. His experience includes serving as treasurer and head of corporate development, strategic and financial planning, and risk management at Veyance Technologies, a $2 billion global manufacturing company then owned by The Carlyle Group.

Prior to Veyance, he was a managing director at FTI Consulting, focused on financial and strategic advisory services for large multinational companies. Prior to that, he was a manager at PricewaterhouseCoopers in its corporate finance practice.

Mr. Schlater earned his Bachelor of Business Administration in Accounting and Business Law from Ohio University and is a Certified Public Accountant.

He is succeeding Jeffrey Rutherford, who stepped down from the position on September 1.

Mr. Rutherford is expected to remain with the Company as an advisor to Mr. Schlater through the end of 2016 to ensure a smooth transition of responsibilities.

James Barna, Ferro's Corporate Controller, has been appointed to the additional role of Chief Accounting Officer of the Company.

Mr. Barna joined the Company in December 2011 as Director, External Reporting, and has served as Corporate Controller since June 2012.

Prior to joining Ferro, Mr. Barna spent nine years at PriceWaterhouseCoopers, where he worked with a number of public and private companies providing accounting, transaction advisory and assurance services.

He is a CPA and holds an MBA and a Bachelor of Science degree in Accountancy from John Carroll University.

Lori Saviers, who was Ferro's Chief Procurement Officer, has been named Vice President, Global Sourcing and Supply Chain.

Ms. Saviers joined Ferro in June 2015 as Chief Procurement Officer.

Prior to joining the Company, she was Global Sourcing Director for the Performance Chemicals Division at OMNOVA Solutions.

Prior to OMNOVA, she held senior procurement, marketing, and sales management positions with Associated British Foods, Witco Corporation, and Engelhard.

She holds an MBA from Case Western Reserve University and a Bachelor of Science in Operations Management from the University of Akron.

In addition, Sandy Frydryk has been named Director, Corporate Development and Integration.

Ms. Frydryk joined Ferro in 1997. She has held positions of increasing responsibility in manufacturing, EHS, project management, and international business management, including working for Ferro in China.

She served as Regional Commercial Director in North America for the Pigments, Powders and Oxides and the Performance Colors and Glass businesses and Global Strategy Director for the Pigments, Powders and Oxide portfolio before taking the role of Director, Business Development, in the Company's Corporate Development group in 2015.

Ms. Frydryk holds an MBA from Kent State University and a Bachelor of Science degree in Biology from Mount Union College.




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