Graham Corporation Announces Leadership Addition to Support Growth Phase

Graham Corporation Announces Leadership Addition to Support Growth Phase

Rich Scholes to lead commercialization strategy, capability-to-market alignment, and enterprise enablement initiatives to accelerate growth and optimize execution

Graham Corporation (NYSE: GHM) (“GHM” or the “Company”), a global leader in the design and manufacture of mission critical fluid, power, heat transfer, vacuum, and advanced mixing technologies for the Defense, Space, Energy & Process industries, today announcedthe appointment of Rich Scholes as Chief Growth and Enablement Officer.

In this newly created role, Mr. Scholes will lead Graham’s growth strategy and enterprise enablement, strengthening customer alignment, cross-functional execution, enterprise capabilities, and operational execution. He will advance the use of artificial intelligence, digital capabilities and enterprise-wide processes to enhance productivity, improve decision-making and support Graham’s long-term growth strategy.

Mr. Scholes brings more than two decades of executive leadership experience spanning strategy, business development, operational transformation, technology adoption and organizational development. He has a proven track record of helping organizations scale, enter new markets, strengthen customer relationships and implement technology-enabled solutions that improve growth and operational performance.

Matthew J. Malone, President and Chief Executive Officer of Graham Corporation, said, “Rich brings extensive experience developing and executing growth strategies, leading enterprise transformation and deploying technology to improve commercial and operational performance. His ability to connect strategy, people, processes and technology will be highly valuable as we continue scaling Graham and strengthening our position across our core markets. We look forward to Rich’s leadership as we deepen customer relationships, expand our commercial capabilities and invest in the tools and processes needed to support our long-term growth objectives.”

Most recently, Mr. Scholes served as a Partner at Pisteyo LLC, an artificial intelligence business consulting firm, where he advised executive teams on AI strategy, organizational readiness and the implementation of AI-enabled solutions across the manufacturing, aerospace, financial services, healthcare, and professional services sectors. During his tenure, he helped scale the firm to more than 50 clients and led engagements spanning strategy development through implementation.

Previously, Mr. Scholes held several executive leadership positions at Ent Credit Union, including Chief Strategy and Experience Officer. In that role, he led enterprise strategy, market expansion, digital banking, marketing and other operational functions while helping the organization more than double its assets and significantly expand its geographic presence. Earlier in his career, he served as Executive Vice President and Chief Operating Officer of Blue Federal Credit Union and Chief Operations Officer of Rogue Credit Union. He also spent seven years with Nice Enterprises, where he advised management teams and boards on strategic planning and organizational development.

Mr. Scholes holds a Master’s Degree in Organizational Leadership from Gonzaga University and a Bachelor of Science in Biology from Santa Clara University.

About Graham Corporation

Graham is a global leader in the design and manufacture of mission-critical fluid, power, heat transfer, vacuum, and advanced mixing technologies for the Defense, Space, Energy & Process industries. Graham Corporation and its family of global brands are built upon world-renowned engineering expertise, proprietary technologies, as well as its responsive and flexible service and the unsurpassed quality customers have come to expect from the Company’s products and systems. Graham Corporation routinely posts news and other important information on its website, grahamcorp.com, where additional information on Graham Corporation and its businesses can be found.

For more information:
Christopher J. Thome
Vice President - Finance and CFO
Phone: (585) 343-2216

Tom Cook
Investor Relations
Phone: (203)-682-8250
Tom.Cook@Icrinc.com

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