NACCO INDUSTRIES APPOINTS PATRICK J. BURNS TO BOARD OF DIRECTORS

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NACCO Industries (NYSE: NC) appointed Patrick J. Burns as an independent member of its Board of Directors, effective August 19, 2026. Burns brings more than 30 years of executive leadership across manufacturing and industrial businesses, including chief executive officer, chief financial officer and board roles.

He most recently served as CEO of Precision Fabrics Group from 2022 to July 2026 and was previously President and CEO of AGY Holdings. Earlier positions included leadership roles in finance, business development, investor relations, sales and marketing at Lear, Masland, IBM and Wachovia. Burns holds an economics degree from Vanderbilt University and an MBA with honors from the University of North Carolina at Chapel Hill.

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CLEVELAND, Aug. 19, 2026 /PRNewswire/ -- NACCO Industries^® (NYSE: NC) announced today that its Board of Directors has appointed Patrick J. Burns as an independent director, effective August 19, 2026.

Mr. Burns brings more than three decades of executive leadership to NACCO's Board, including service as a chief executive officer, chief financial officer and board member, with experience in financial management and strategic planning across manufacturing and industrial businesses. Over his career, Mr. Burns has led public and private businesses through growth initiatives, strategic development and operational transformation.

Mr. Burns served as Chief Executive Officer of Precision Fabrics Group, Inc., a leading manufacturer of engineered materials and technical fabrics, from 2022 to July 2026. He was formerly President and Chief Executive Officer of AGY Holdings Corp., a global manufacturer of high-performance glass fiber materials. Before joining AGY in 2014, he held several executive leadership positions at Precision Fabrics, including Co-Chief Executive Officer and Chief Financial Officer.

Earlier in his career, Mr. Burns held leadership positions in finance, business development, investor relations, sales and marketing with Lear Corporation, Masland Corporation, International Business Machines Corporation (IBM) and Wachovia Corporation.

"Pat brings a unique combination of executive leadership, financial expertise and board experience developed over a distinguished career spanning multiple industrial and manufacturing businesses," said General John P. Jumper, Chairman of the Board of NACCO Industries. "His experience as both a chief executive officer and chief financial officer, together with his strategic perspective and experience serving on boards, will be a valuable complement to the skills and experience represented on our Board. We are pleased to welcome Pat to NACCO Industries."

Mr. Burns holds a Bachelor of Arts degree in Economics from Vanderbilt University and is an honors graduate of the Master of Business Administration program at the University of North Carolina at Chapel Hill.

About NACCO Industries

NACCO Industries^® brings natural resources to life by delivering aggregates, minerals, reliable fuels and environmental solutions through its robust portfolio of NACCO Natural Resources businesses. Learn more about our companies at nacco.com or get investor information at ir.nacco.com.

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SOURCE NACCO Industries

FAQ

What board change did NACCO Industries (NYSE: NC) announce on August 19, 2026?

NACCO Industries announced the appointment of Patrick J. Burns as an independent director effective August 19, 2026. According to NACCO Industries, Burns joins the Board with extensive executive, financial and strategic experience in manufacturing and industrial businesses.

Who is Patrick J. Burns, the new independent director at NACCO Industries (NC)?

Patrick J. Burns is an experienced executive with more than three decades in industrial and manufacturing companies. According to NACCO Industries, he has served as CEO, CFO and board member, leading public and private businesses through growth and operational transformation.

What previous leadership roles has NACCO director Patrick J. Burns held?

Patrick J. Burns most recently served as CEO of Precision Fabrics Group from 2022 to July 2026. According to NACCO Industries, he was previously President and CEO of AGY Holdings and earlier held leadership roles at Lear, Masland, IBM and Wachovia.

What financial and strategic experience does Patrick J. Burns bring to NACCO Industries’ Board?

Patrick J. Burns brings extensive financial management and strategic planning experience from manufacturing and industrial sectors. According to NACCO Industries, he has served as both chief financial officer and chief executive officer, guiding companies through growth initiatives and operational transformation.

What is the educational background of NACCO Industries board member Patrick J. Burns?

Patrick J. Burns holds a Bachelor of Arts in Economics from Vanderbilt University. According to NACCO Industries, he is also an honors graduate of the MBA program at the University of North Carolina at Chapel Hill, supporting his financial and strategic expertise.

How might Patrick J. Burns’ appointment affect NACCO Industries (NC) governance structure?

His appointment adds an independent director with significant executive and financial experience to the Board. According to NACCO Industries, his CEO, CFO and board background is expected to complement the existing skills and perspectives represented on the company’s Board.