Accuride is Restructuring for Future Growth

Accuride Successfully Emerges from Restructuring Process and Announces Leadership Transition

• Company positioned for long-term growth, focused on core North American wheels segment
• Geoff Bruce appointed Interim CEO, succeeding Robin Kendrick, who becomes a director on Accuride’s reconstituted Board

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About Chapter 11 and CCAA

• Chapter 11 is the part of the U.S. Bankruptcy Code that allows companies to implement financial restructurings through a court-supervised proceeding while continuing to operate their businesses in the ordinary course.  

• The CCAA is a Canadian federal law that lets companies restructure their business and financial affairs.  

• We anticipate restructuring being completed in 90-120 days, subject to court approval.  

• We are committed to keeping stakeholders informed as the process moves forward and will provide ongoing updates.