LANCASTER, Ohio, Sept. 23, 2014 (GLOBE NEWSWIRE) -- EveryWare Global, Inc. ("EveryWare" or the "Company") (Nasdaq:EVRY), today announced that Joel Mostrom, a Senior Director with Alvarez & Marsal, will be appointed interim Chief Financial Officer, effective on October 3, 2014. Mr. Mostrom will succeed Bernard Peters, who will leave the Company on the same date.
Sam Solomon, Chief Executive Officer of EveryWare, stated, "I thank Bernard for his contributions to EveryWare and wish him well. Joel is a part of the Alvarez & Marsal team that was instrumental in our efforts to resolve our liquidity issues, right-size our manufacturing capacity and develop a long-term growth plan. He brings significant financial and operating experience and I am confident he will lead the transition effectively. "
A committee of the Company's Board of Directors will evaluate candidates to serve as the Company's permanent CFO and has engaged a leading executive search firm to assist in the process.
About EveryWare
EveryWare (Nasdaq:EVRY) is a leading marketer of tabletop and food preparation products for the consumer, foodservice, and specialty markets. The Company offers a comprehensive line of tabletop and food preparation products, such as bakeware, beverageware, serveware, storageware, flatware, dinnerware, crystal, banquetware, and hollowware; premium spirit bottles; cookware; gadgets; candle and floral glass containers; and other kitchen products. Additional information can be found on EveryWare's Investor Relations Website: http://investors.everywareglobal.com/.
Forward-Looking Statements
This press release contains forward-looking statements regarding future events and our future results that are subject to the safe harbors created under the Securities Act of 1933 (the "Securities Act") and the Securities Exchange Act of 1934 (the "Exchange Act"). All statements other than statements of historical facts are statements that could be deemed forward-looking statements. These statements are based on current expectations, estimates, forecasts, and projections about the industries in which we operate and the beliefs and assumptions of our management. Words such as "tentative," "proposal," "offers," "expects," "anticipates," "targets," "goals," "projects," "intends," "plans," "believes," "seeks," "estimates," "continues," "endeavors," "strives," "may," variations of such words, and similar expressions are intended to identify such forward-looking statements. In addition, any statements that refer to projections of our future financial performance, our anticipated growth and trends in our businesses, covenant compliance, liquidity and other characterizations of future events or circumstances are forward-looking statements.
Readers are cautioned that these forward-looking statements are only predictions and are subject to risks, uncertainties, and assumptions that are difficult to predict. Therefore, actual results may differ materially and adversely from those expressed in any forward-looking statements. We undertake no obligation to revise or update any forward-looking statements for any reason. For a description of the risks, uncertainties, and assumptions that may impact our actual results or performance, see the Company's Annual Report on Form 10-K for 2013, filed with the Securities and Exchange Commission, as it may be updated in subsequent Quarterly Reports on Form 10-Q and Current Reports on Form 8-K filed with or furnished to the Securities and Exchange Commission.