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David Bonvenuto Selected As Next President

3/7/2013

Oberg Industries (Freeport, PA), a full-service contract manufacturer of precision metal components and assemblies, has announced the appointment of David Bonvenuto as the company’s next President. Current President and CEO, Robert Wagner will work closely with Mr. Bonvenuto over the next months to ensure a seamless transition of leadership of the company.

Chairman of the Board Eric Oberg commented, “Bob Wagner has brought a compelling vision and strategy to Oberg Industries starting in 2003 along with a significant focus on customers, quality, and process improvement. As president, he has driven customer growth and profitability. During the last 10 years the company has been reshaped under his leadership to grow in some of the fastest growing business segments of the manufacturing sectors and to provide superior quality and customer service. We are grateful that Bob will be staying engaged long term with our business as a member of our Board of Directors and serving as our General Counsel.”

David Bonvenuto has been with Oberg Industries since 2001. He has held the position as the company’s Chief Financial Officer and most recently served as the Executive Vice President and General Manager of its wholly-owned subsidiary Oberg Medical. During Mr. Bonvenuto’s tenure at Oberg he led the acquisitions and integration efforts of both of the company’s off-shore manufacturing facilities in Costa Rica and Mexico. He is a customer-focused executive as evident of Oberg Medical earning the distinction in 2012 as one of Pittsburgh’s 100 Fastest Growing Companies as reported by the Pittsburgh Business Times. Prior to his career with Oberg, David Bonvenuto held executive management positions with Wabtec, MotivePower Industries, Inc., and OnlineChoice.com. He started his career with the global accounting and consulting firm KPMG as a member of their manufacturing audit and consulting practice. He is a cum laude graduate of West Virginia University and currently serves on the Board of Directors for the Allegheny Valley Hospital and American Heart Association – Beaver/Butler County Regional Board.

“David brings a strong compliment of operational, financial, and strategic planning focus to our customer base and employees. He has a clear focus on our customers – their needs both today and into tomorrow, and the ability to position our company to best serve those needs. The most recent success of our Oberg Medical subsidiary as well as the prior work he has done with our domestic and international businesses are testimony to David’s ability to lead our entire organization into the future. I look forward to continuing to work with him to grow our enterprise,” added Mr. Wagner.

Mr. Bonvenuto noted, “Oberg will celebrate its 65th year in business in 2013. What a milestone and accomplishment. Our past has prepared us for the future. I am honored to lead Oberg Industries, Inc. with an unwavering focus and commitment to our customer partners and our employee shareholders. We will strive to continue to earn that title as “partner” each day with our customer base by increasing our global manufacturing capabilities, technologies, and capacity; continuing to show innovation and leadership through our engineering and design for manufacturability efforts; and reinvesting in our employees through training and continuous improvement.” The company’s website is www.oberg.com

Contact: David Getty, Manager of Corporate Communications 1-724-294-1225, david.getty@oberg.com

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