Advanced Drainage Systems Announces New Vice President, Logistics & Supply Chain Planning
HILLIARD, Ohio--(BUSINESS WIRE)--Nov 15, 2018--Advanced Drainage Systems, Inc. (NYSE: WMS) (“ADS” or the “Company”), a leading global manufacturer of water management products and solutions for commercial, residential, infrastructure and agricultural applications, today announced the hiring of Patrick Coyle as Vice President, Logistics and Supply Chain Planning effective November 26, 2018. Mr. Coyle will lead the Company’s logistics and supply chain planning initiatives as well as ADS’ customer service function, reporting to Darin Harvey, Executive Vice President of Supply Chain.
Mr. Coyle brings over 15 years of experience in executing end-to-end supply chain programs, driving continuous improvement initiatives, and leading organizational change. He most recently served as Senior Director of Supply Chain, Americas at The Goodyear Tire & Rubber Company (“Goodyear”), a $15.5 billion global provider of consumer, commercial, aviation, and off-highway tires. While at Goodyear, Mr. Coyle was responsible for all facets of North and South America’s supply chain organization including Strategy, Planning, Customer Service and Logistics. Throughout his career at Goodyear, Mr. Coyle was tapped to lead several functional turnarounds, including the North America order to delivery function. In this role, Mr. Coyle turned an under-performing Logistics and Order Management organization into an industry-leading, customer-focused supply chain, increasing service levels and lowering overall network costs. Finally, Mr. Coyle was successful in driving down back orders and improving customer fill rates through efficiencies in supply chain planning and the implementation of improved Sales & Operations Planning methodology.
Scott Barbour, President and Chief Executive Officer commented, “Pat is a standout transformational leader with a track record of delivering operational efficiencies, enhanced profitability and improved customer service. We are excited to welcome Pat to ADS and look forward to having him work with Darin and the rest of the team to help drive our enterprise-wide strategies of growth and operational excellence.”
Prior to Mr. Coyle’s role at Goodyear, he held supply chain management positions at DHL Supply Chain and Dietrich Metal Framing, a subsidiary of Worthington Industries. He holds a BSBA in Finance from the Boler School of Business at John Carroll University. He is also a Certified Supply Chain Professional (CSCP) and Lean Enterprise Certified. Mr. Coyle will be based in the Company’s Hilliard, OH office.
About the Company
Advanced Drainage Systems is the leading manufacturer of high performance thermoplastic corrugated pipe, providing a comprehensive suite of water management products and superior drainage solutions for use in the construction and infrastructure marketplace. Its innovative products are used across a broad range of end markets and applications, including non-residential, residential, agriculture and infrastructure applications. The Company has established a leading position in many of these end markets by leveraging its national sales and distribution platform, overall product breadth and scale and manufacturing excellence. Founded in 1966, the Company operates a global network of approximately 55 manufacturing plants and over 30 distribution centers. To learn more about ADS, please visit the Company’s website at www.ads-pipe.com.
Forward Looking Statements
Certain statements in this press release may be deemed to be forward-looking statements. These statements are not historical facts but rather are based on the Company’s current expectations, estimates and projections regarding the Company’s business, operations and other factors relating thereto. Words such as “may,” “will,” “could,” “would,” “should,” “anticipate,” “predict,” “potential,” “continue,” “expects,” “intends,” “plans,” “projects,” “believes,” “estimates,” “confident” and similar expressions are used to identify these forward-looking statements. Factors that could cause actual results to differ from those reflected in forward-looking statements relating to our operations and business include: fluctuations in the price and availability of resins and other raw materials and our ability to pass any increased costs of raw materials on to our customers in a timely manner; volatility in general business and economic conditions in the markets in which we operate, including, without limitation, factors relating to availability of credit, interest rates, fluctuations in capital and business and consumer confidence; cyclicality and seasonality of the non-residential and residential construction markets and infrastructure spending; the risks of increasing competition in our existing and future markets, including competition from both manufacturers of high performance thermoplastic corrugated pipe and manufacturers of products using alternative materials; our ability to continue to convert current demand for concrete, steel and PVC pipe products into demand for our high performance thermoplastic corrugated pipe and Allied Products; the effect of weather or seasonality; the loss of any of our significant customers; the risks of doing business internationally; the risks of conducting a portion of our operations through joint ventures; our ability to expand into new geographic or product markets; our ability to achieve the acquisition component of our growth strategy; the risk associated with manufacturing processes; our ability to manage our assets; the risks associated with our product warranties; our ability to manage our supply purchasing and customer credit policies; the risks associated with our self-insured programs; our ability to control labor costs and to attract, train and retain highly-qualified employees and key personnel; our ability to protect our intellectual property rights; changes in laws and regulations, including environmental laws and regulations; our ability to project product mix; the risks associated with our current levels of indebtedness; fluctuations in our effective tax rate, including from the recently enacted Tax Cuts and Jobs Act; changes to our operating results, cash flows and financial condition attributable to the recently enacted Tax Cuts and Jobs Act; our ability to meet future capital requirements and fund our liquidity needs; the risk that additional information may arise that would require the Company to make additional adjustments or revisions or to restate the financial statements and other financial data for certain prior periods and any future periods, any delay in the filing of any filings with the Securities and Exchange Commission (“SEC”); the review of potential weaknesses or deficiencies in the Company’s disclosure controls and procedures, and discovering weaknesses of which we are not currently aware or which have not been detected and the other risks and uncertainties described in the Company’s filings with the SEC. New risks and uncertainties emerge from time to time and it is not possible for the Company to predict all risks and uncertainties that could have an impact on the forward-looking statements contained in this press release. In light of the significant uncertainties inherent in the forward-looking information included herein, the inclusion of such information should not be regarded as a representation by the Company or any other person that the Company’s expectations, objectives or plans will be achieved in the timeframe anticipated or at all. Investors are cautioned not to place undue reliance on the Company’s forward-looking statements and the Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
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CONTACT: Investor / Media Contact
Advanced Drainage Systems
Michael Higgins, 614-658-0050
KEYWORD: UNITED STATES NORTH AMERICA OHIO
INDUSTRY KEYWORD: BUILDING SYSTEMS TRANSPORT MANUFACTURING LOGISTICS/SUPPLY CHAIN MANAGEMENT CHEMICALS/PLASTICS ENGINEERING OTHER MANUFACTURING URBAN PLANNING CONSTRUCTION & PROPERTY COMMERCIAL BUILDING & REAL ESTATE RESIDENTIAL BUILDING & REAL ESTATE
SOURCE: Advanced Drainage Systems, Inc.
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PUB: 11/15/2018 04:05 PM/DISC: 11/15/2018 04:05 PM