Optimas OE Solutions, LLC: Anesa Chaibi Appointed Chief Executive Officer

GLENVIEW, Ill.--(BUSINESS WIRE)--Optimas OE Solutions, LLC (“Optimas” or the “Company”) today announced the appointment of Anesa Chaibi as Chief Executive Officer (“CEO”) and Board Member, effective immediately. “Optimas is a leading global provider of supply chain solutions serving many of the world’s most demanding original equipment manufacturers and their suppliers. The Company is well positioned to continue advancing on its growth trajectory.” Tweet this John Becker, Partner at American Industrial Partners (Optimas’ majority shareholder) and Optimas Board member commented, “We are extremely excited to partner with Anesa as the CEO of Optimas. In her prior role as the President and CEO of Facilities Maintenance at HD Supply, Anesa and her team transformed the business and grew revenue and EBITDA from approximately $840 million and $90 million, respectively, to $2.5 billion and nearly $500 million, respectively, over the span of a decade. Anesa is an extremely talented CEO and her experience and capabilities are particularly well suited for Optimas.” “We would like to thank Ian Clarke for his significant contribution to Optimas over the past seven years,” said John Becker. “Optimas is a leading global provider of supply chain solutions serving many of the world’s most demanding original equipment manufacturers and their suppliers. The Company is well positioned to continue advancing on its growth trajectory.” “I am very excited about becoming the CEO of Optimas and look forward to working with our best-in-class employees and suppliers to deliver winning solutions for our customers,” said Anesa Chaibi. “Optimas’ scale, diversity, strong customer relationships, talented employee base, and differentiated technical capabilities are unique in the distribution space and I look forward to providing exceptional service to our customers and creating long-term value at Optimas.” Anesa Chaibi Anesa brings 27 years of professional experience gained at General Electric and HD Supply. Her experience ranges across a variety of business functions including manufacturing, operations, production, marketing, corporate initiatives, global sourcing, and Six Sigma Quality, and she served as a business leader within GE Silicones, Plastics, Power Systems, Industrial Systems, Water & Process Technologies and Infrastructure before joining HD Supply. Additionally, Anesa serves on the Board of Directors for Regal Beloit Corporation (NYSE:RBC) as a Director and Member of the Corporate Governance & Director Affairs Committee. Anesa most recently served as President and CEO, Facilities Maintenance for HD Supply Holdings, Inc. (“HD Supply”) (NASDAQ: HDS). HD Supply is one of the largest industrial distributors in North America with over $9 billion of revenue. The Facilities Maintenance business serves diverse end markets with over 60,000 SKUs, over 5,000 employees, 44 distribution centers, and a dedicated fleet of more than 700 delivery trucks. Anesa holds an undergraduate degree in Chemical Engineering from West Virginia University and an M.B.A. in General Management from The Fuqua School of Business at Duke University. Optimas OE Solutions, LLC (“Optimas”) Optimas is a leading, global provider of integrated supply chain solutions and engineering support focused on delivering highly engineered custom fasteners and other “C” Class components, such as fittings, clamps, bearings, and rivets, to our global customer base of large, industrial companies as well as small- and medium-sized companies. As the former OEM-Supply segment of Anixter, Optimas specializes in the delivery of highly engineered fastener hardware and components. Optimas serves over 2,200 customers with a highly experienced team of nearly 2,000 employees operating across 70 locations around the world. In the 2015 Fiscal Year, Optimas supplied over 8 billion components from more than 100,000 SKUs sourced from over 3,800 vendors to our global customer base. This release contains forward-looking statements pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including statements regarding prospective financial information that is based on assumptions and estimates that are inherently uncertain. Such assumptions and estimates may not be realized and are subject to significant business, economic and competitive risks and uncertainties, including those described in the offering memorandum for our senior secured notes, all of which are difficult to predict and many of which are beyond our control. These and other risks and uncertainties may cause our estimated financial information to materially adversely differ from our actual results. Accordingly, no assurance can be made that we will achieve the results set forth in our estimated financial information, and investors should not place undue reliance on our estimated financial information. Neither the Company’s independent auditors, nor any other independent accountants, have compiled, examined or performed any procedures with respect to the prospective financial information contained herein.