XERIUM ANNOUNCES LEADERSHIP CHANGES

XERIUM ANNOUNCES LEADERSHIP CHANGES

Board of Directors Appoints Mark Staton as President and CEO

Company Appoints Mitchell I. Quain as New Director

YOUNGSVILLE, NC – May 1, 2017 – Xerium Technologies, Inc. (NYSE: XRM) (“Xerium” or the “Company”), a leading global provider of industrial consumable products and services, announced today that the Company’s Board of Directors has appointed Mark Staton President and Chief Executive Officer, replacing Harold Bevis, effective April 28, 2017. Mr. Staton also has been appointed to the Board, replacing Mr. Bevis.

“We are very excited about Mark joining Xerium to lead our organization at an important time for the company,” said James Wilson, Xerium’s Chairman. “During the past few years, the Board and senior management team have focused on repositioning Xerium to more effectively serve companies in the paper industry and enhance long-term value for our stockholders. Having largely completed this repositioning process, the Board determined that now is the right time to install new leadership with the skills and experience to drive operational excellence and increase the company’s profitability. Under Mark’s leadership, we intend to continue to shift our focus away from large capital investment and reorganization projects that were critical to our repositioning. This is expected to give us more free cash flow and greater financial flexibility to continue our key objective of paying down debt. We will seek to accelerate that debt reduction by driving disciplined revenue growth through further product and technology development and by improving organizational effectiveness.”

(click here to read the full Press Release on our Investor Relations site)