Encore Wire’s CFO to Retire

MCKINNEY, Texas — Encore Wire Corporation announced that the Company’s Vice President and Chief Financial Officer, Frank J. Bilban, will retire in May of 2020. His successor, Bret J. Eckert, was hired following an intensive search process.

Daniel L. Jones, Chairman, President and Chief Executive Officer of Encore Wire Corporation, made the following statement:

“Frank Bilban has been a vital member of our executive team and has served the Company with distinction, making an immense contribution to the growth and success of the Company. By the time he retires, he will have been our CFO for twenty years. He deserves more time to spend with his family and relaxing playing golf, hunting and travelling. All of us at Encore Wire wish Frank a long happy retirement. Although we hate to lose Frank, we are delighted to have Bret Eckert replace Frank as Vice President-Finance, Treasurer, Secretary and Chief Financial Officer.

“Bret, age 52, has extensive experience managing financial operations in several firms. Most recently, Bret served as Executive Managing Director for the Houston office of Riveron Consulting LLC, a business advisory firm, from June 2018 to August 2019. Previously he was Senior Vice President and CFO of Atmos Energy Corporation in Dallas for approximately five years. He spent the first twenty-two years of his career with Ernst & Young LLP where he was a partner for ten years. Bret had numerous manufacturing clients including Encore Wire, whom he audited for five years as a Manager and later for five years as a Partner. The Encore team and Bret know each other well.

“Effective today, Bret has been appointed as a Vice President-Finance of Encore Wire Corporation. Frank Bilban will remain a Vice President-Finance and our Chief Financial Officer, Treasurer and Secretary through December 31, 2019 while transitioning to Bret. Bret will take over as Chief Financial Officer, Treasurer and Secretary on January 1, 2020. Frank will stay on as a Vice President-Finance until the Annual Meeting of Shareholders in May to assist Bret as needed. They will also be able to travel together to our three Investor Conferences in the next eight months to introduce Bret to our shareholder base.”