South Milwaukee, WI, USA, June 11, 2009 –
Bucyrus International, Inc. (NASDAQ: BUCY) announced that Michelle L. Collins has been elected as a new Director to its Board of Directors. The appointment becomes effective July 1, 2009 with Ms. Collins being a member of the class of directors whose term expires at the Company’s 2011 Annual Meeting of Stockholders. In addition, Ms. Collins was appointed to Bucyrus’ Audit Committee of the Company’s Board of Directors.
Ms. Collins is President of Cambium LLC, a business and financial advisory firm. She also serves as a member of the Advisory Board of Svoboda Capital Partners, LLC where she was a co-founder of the firm serving as a Managing Director until 2006. In addition she serves on the boards of Columbia Acorn and Wanger Advisory Trusts, Molex, Inc. and Blue Cross Blue Shield of Illinois. She also serves as a board member or trustee of numerous community and philanthropic organizations including the Field Museum of Chicago, Chicago Symphony Orchestra and the Renaissance Schools Fund
Ms. Collins is a Chicago native. She is a graduate of the University of Chicago Laboratory Schools, Yale University and Harvard Business School.
Bucyrus’ Board of Directors, management team and employees extend a warm welcome and their congratulations to Ms. Collins on her appointment.
About Bucyrus International, Inc.
Bucyrus is a world leader in the design and manufacture of high productivity mining equipment for the surface and underground mining industries. Bucyrus’ surface mining equipment is used for mining coal, copper, iron ore, oil sands and other minerals. Bucyrus’ underground mining equipment is used primarily for mining coal and also used in mining minerals such as potash and trona. In addition to machine manufacturing, Bucyrus manufactures high quality OE parts and provides world-class support services for their machines. Bucyrus’ corporate headquarters is located in South Milwaukee, Wisconsin, USA.
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All Bucyrus financial news releases and filings with the Security and Exchange Commission are posted to Bucyrus’ investor relations web site. These releases and filings are available at www.investors.bucyrus.com. Automatic email alerts for these postings are also available from this site. Corporate and general releases, as well as, product information is available at www.bucyrus.com.
Special Note Regarding Forward-Looking Statements
This press release contains statements that constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements may be identified by the use of predictive, future tense or forward-looking terminology, such as “believes,” “anticipates,” “expects,” “estimates,” “intends,” “may,” “will” or similar terms. You are cautioned that any such forward-looking statements are not guarantees of future performance and involve significant risks and uncertainties, and that actual results may differ materially from those contained in the forward-looking statements as a result of various factors, some of which are unknown. Bucyrus’ policy on forward-looking statements, including a list of factors that could cause actual results to differ materially from those anticipated in forward-looking statements, as well as risk factors relating to Bucyrus are included in Bucyrus’ 2008 Form 10-K filed with the Securities and Exchange Commission on March 2, 2009 and any other cautionary statements described in other reports filed by Bucyrus with the Securities and Exchange Commission. All forward-looking statements attributable to Bucyrus are expressly qualified in their entirety by the foregoing cautionary statements. Bucyrus undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.