AFG Holdings Names Michael Walter as Chief Executive Officer

FOR IMMEDIATE RELEASE

AFG Holdings Names Michael Walter as Chief Executive Officer

HOUSTON TX, April 12, 2021 – AFG Holdings, Inc. (“AFG” or the “Company”) today announced that its Board of Directors has appointed Michael Walter as Chief Executive Officer, effective immediately. Mike most recently served as President of Wyman Gordon Forgings, a division of Precision Castparts Corporation. Mike succeeds Curtis Samford following his unexpected passing in February.

Evan Middleton, on behalf of the Board of Directors, stated, “Mike is a seasoned executive with a proven track record of leading scaled organizations similar to AFG. He will bring a wealth of market knowledge, relationships, and leadership acumen at a critical time for AFG as the Company continues its growth plan.”

“I am pleased to join a diversified company with deep roots in the industrial forging, aerospace and oil and gas markets,” said Mike. “While I am saddened to join under these circumstances, I intend to carry forward the Company’s mission while accelerating profitability and growth for our stakeholders.”

Throughout his career, Mike has held several leadership positions in the industrial forgings and metal products business, serving the aerospace, transportation and oil and gas markets. As President of Wyman Gordon, he was responsible for a multi-national business, overseeing all aspects of the company’s business strategy, operations and finance, while managing significant strategic acquisitions and integrations.

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About AFG Holdings, Inc.

AFG Holdings, Inc. is a fully integrated OEM providing differentiated technology, products, and services. The Company maintains a market-leading position in many of its businesses, including aerospace, general industrial, oil and gas, and power generation.

 Contact:

Christine Mathers – Vice President, Marketing & Communications

AFG Holdings, Inc. | 713.393.4361 | cmathers@afglobalcorp.com