General Cable announces key board of directors appointment

General Cable (NYSE: BGC) recently announced that its board of directors has appointed Ms. Sallie B. Bailey to serve as an independent director of the company until she stands for election at the company's 2014 annual meeting of stockholders, and until her successor is duly appointed and qualified. Bailey will serve on the board’s Audit, Compensation and Corporate Governance committees. Her appointment increases the company’s board to seven members.

Bailey is executive vice president and chief financial officer of Louisiana-Pacific Corporation (NYSE: LPX), a manufacturer of engineered wood building products for residential, industrial and light commercial construction. She has served in that position since December 2011. Baily previously served as vice president and chief financial officer of Ferro Corporation, a global specialty materials company, from January 2007 to July 2010. Before joining Ferro, she held senior management positions of increasing responsibility with The Timken Company, a global producer of engineered bearings and alloy steel from 1995 to 2006, lastly as senior vice president, finance and controller. Earlier in her career, she was an audit supervisor for Deloitte & Touche and assistant treasurer at Tenneco, Inc.

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“We are very pleased to have Sallie join the General Cable board of directors,” commented Jack Welsh, non-executive chairman of General Cable. “Sallie brings to our Board a record of achievement in finance and risk management, a solid understanding of industrial markets and a reputation for sound judgment that will complement our board and benefit both the stockholders and management of General Cable."

“I look forward to having the benefit of Sallie’s expertise given her nearly twenty-five years of experience with global industrial and construction product companies,” added Gregory B. Kenny, president and CEO of General Cable. “Sallie has strong business acumen with in-depth experience in finance, accounting and treasury functions. She has been involved in many acquisitions and has significant experience in Lean manufacturing, both of which are key components of our strategy.”

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