Webco Industries, Inc. Announces Appointment of David E. Boyer as President

SAND SPRINGS, Oklahoma, April 2, 2019 – Webco Industries, Inc. (OTC: WEBC).

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Today, Webco Industries, Inc. announced the appointment of David E. Boyer as President of the Company, a position held by Ms. Dana Weber since June 1995. Mr. Boyer will continue to hold the position of Chief Operating Officer and Ms. Weber will continue in her role as Chief Executive Officer and Chairman of the Board.

Mr. Boyer has been Webco’s Chief Operating Officer since March 2011 and was appointed to Webco’s Board of Directors and Vice-Chairman in October 2018. He also holds the position of Senior Vice President of Tubing Operations, a position he has held since May 2001. Mr. Boyer has previously served as our Vice-President of Sales and Marketing; General Manager of our Stainless Division and a Product Manager. Mr. Boyer has been with Webco for 34 years, having joined the Company in 1984.

Mr. Boyer graduated from Millikin University in 1982 with a Bachelor of Science in Industrial Engineering. Mr. Boyer received a Master of Science in Industrial Engineering from Oklahoma State University in 1984 and is also a Fall 1998 graduate of the Harvard Business School Program for Management Development.

Dana S. Weber, Webco’s Chief Executive Officer, said “David brings tremendous technical and commercial capabilities to the table, in addition to being a principled and passionate leader. David has led our operating and commercial organizations with great vision and tenacity. The depth of his understanding of our Company and our industry makes him an obvious choice to take on this new role.”

Michael Howard, Chief Financial Officer, commented “David is very clearly one of the most dynamic and visionary leaders in our industry. His passion for developing Webco’s culture, fostering the daily engagement of our trusted teammates and developing the forever principles started for our Company by our founder, is evident in David’s every action.”

Webco’s mission is to continuously build on our strengths as we create a vibrant company for the ages. We leverage on core values of trust and teamwork, continuously building strength, agility and innovation. We focus on practices that support our brand, such that we are 100% engaged every day to build a Forever kind of company for our teammates, customers, business partners, investors and community. We manufacture and distribute high-quality carbon steel, stainless steel and other metal tubular products designed to industry and customer specifications. We have five tube production facilities in Oklahoma and Pennsylvania and nine value-added facilities in Oklahoma, Texas, Illinois and Michigan, serving customers globally.