Atlanta GA December 10, 2012 – Superior Essex announced December 10th that Justin F. Deedy
is to become President and CEO of Superior Essex, effective March 1, 2013 and
that Stephen Carter will be retiring from his current role. While he will be retiring from the Company in
the capacity of CEO, Carter will stay on as an Executive Advisor to the
Superior Essex Board and LS Cable and System.
Christopher Koo, Chairman of LS Cable and System said with Stephen’s
retirement, “we are pleased to be able to appoint an internal successor, Justin
Deedy, to the CEO role.”
Deedy was named Chief Operating Officer, for Superior Essex Inc. in
October of 2011. Since that time, he has been responsible for managing all
hands-on operational aspects of the Company.
“Justin possesses the critical breadth of operational and business
expertise, gained throughout his 25 plus years in the cable and wire industry.
He has been a key contributor in every aspect of our business, from general
operations to raising capital and assessing and pursuing mergers and
acquisitions and we are looking forward to embarking on this new chapter with
him” Koo said.
Carter joined Superior Essex in 2003 and has transformed the company
during his tenure into a worldwide leader in the wire and cable industry. In
2004 SPSX gained a listing on the NASDAQ and went on to become a Fortune 750 international
organization with businesses operating in Europe, Asia and North America. In
2008, LS Cable and System acquired all the shares of the Company.
He currently serves on the Board of NYSE listed CEB,
the leading member-based advisory company,
as well as acting as the Lead Director and Vice Chair of the International
Board of the Special Olympics, and being one of the Trustees of the Woodruff
Arts Center of Atlanta.
Koo went on to say, “Stephen has set a vision for the future that will
allow this Company to thrive far beyond his tenure. We are grateful for
Stephen’s vision and leadership during the past 9 years. Not only has Stephen been a tremendous asset
for Superior Essex, but his leadership has also been exemplary. We look forward
to our continuing partnerships as Stephen transitions to the role of Executive
Between now and March 2013, Carter will focus on transitioning the CEO
role to Deedy.
About Superior Essex
Superior Essex manufactures a broad portfolio of wire and cable products with primary applications in the communications, magnet wire and related distribution markets. It is a leading manufacturer and supplier of copper and fiber optic communication wire and cable products to telephone companies, distributors and system integrators; a leading manufacturer and supplier of magnet wire (including related enamel coating materials) and fabricated products to major original equipment manufacturers (OEMs) for use in motors, transformers, generators and electrical controls, and a distributor of magnet wire, insulation, and related products to smaller OEMs and motor repair facilities.