John Murphy appointed Accuride President and CEO

Accuride Corporation announced on October 26 that the company’s current CEO and chairman of the board Terry Keating plans to retire from active employment as an officer of the company at the end of 2008. In accordance with the company’s succession plan current president, COO and board member John Murphy has been appointed to serve as Accuride’s president and CEO, effective immediately. Mr. Keating will continue as chairman and will remain an officer of the company.

The company also announced that Don Johnson has been elected to serve as lead independent director of the board, a role vacated by Jamie Greene, partner of Kravis Roberts & Co., who resigned from the board, effective as of October 25. “Today’s changes are a natural progression in the evolution of Accuride’s board and executive management team,” said Johnson on October 26. “We thank Terry for his outstanding leadership as the company’s chief executive officer and look forward to working with John Murphy in that role going forward. Additionally, we want to thank Jamie for his years of insight, dedication.”