AP NEWS

Webco Industries, Inc. Announces Appointment of David E. Boyer to Board of Directors; Dana S. Weber to Chairman

October 10, 2018

SAND SPRINGS, Oklahoma--(BUSINESS WIRE)--Oct 10, 2018--Today, Webco Industries, Inc. (OTC: WEBC) announced the appointment of David E. Boyer to the Company’s Board of Directors. The Board appointed Mr. Boyer to fulfill the unexpired Board term of the Late F. William Weber. Mr. Boyer’s appointment will extend through February 2021, or until his successor is elected. The Board also appointed Webco’s President and CEO, Dana S. Weber, to Chairman of Webco’s Board of Directors and Mr. Boyer to be Vice-Chairman.

Mr. Boyer has been Webco’s Chief Operating Officer since March 2011. He is also the Senior Vice President of Tubing Operations, a position he has held since May 2001. Mr. Boyer has previously served as our Vice-President of Sales and Marketing; General Manager of our Stainless Division and a Product Manager. Mr. Boyer has been with Webco for 34 years, having joined the Company in 1984.

Mr. Boyer graduated from Millikin University in 1982 with a Bachelor of Science in Industrial Engineering. Mr. Boyer received a Master of Science in Industrial Engineering from Oklahoma State University in 1984 and is also a Fall 1998 graduate of the Harvard Business School Program for Management Development.

Dana S. Weber said, “David brings tremendous technical and commercial capabilities to the table, in addition to being a principled and passionate leader. David has led our operating and commercial organizations with great vision and tenacity. The depth of his understanding of our Company and our industry makes him an obvious choice to join the Board.”

Webco’s mission is to continuously build on our strengths as we create a vibrant company for the ages. We leverage on core values of trust and teamwork, continuously building strength, agility and innovation. We focus on practices that support our brand, such that we are 100% engaged every day to build a Forever kind of company for our teammates, customers, business partners, investors and community. We manufacture and distribute high-quality carbon steel, stainless steel and other metal tubular products designed to industry and customer specifications. We have five tube production facilities in Oklahoma and Pennsylvania and nine value-added facilities in Oklahoma, Texas, Illinois and Michigan, serving customers globally.

View source version on businesswire.com:https://www.businesswire.com/news/home/20181010005994/en/

CONTACT: Webco Industries, Inc.

Mike Howard, 918-241-1094

Chief Financial Officer

mhoward@webcotube.com

KEYWORD: UNITED STATES NORTH AMERICA OKLAHOMA

INDUSTRY KEYWORD: MANUFACTURING STEEL

SOURCE: Webco Industries, Inc.

Copyright Business Wire 2018.

PUB: 10/10/2018 05:20 PM/DISC: 10/10/2018 05:20 PM

http://www.businesswire.com/news/home/20181010005994/en

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