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HC2 Announces Schuff's New CEO and President Is Rustin Roach

HERNDON, VA -- (Marketwired) -- 06/09/14 -- HC2 Holdings, Inc. ("HC2") (OTCQB: HCHC) announces today that Rustin Roach has been selected as the new CEO and President of Schuff International, Inc. ("Schuff") and Schuff Steel Company, effective June 4, 2014. Scott Schuff, the former CEO and President, will provide advisory services to Schuff over the next three years. HC2 owns approximately 65% of Schuff.

Philip A. Falcone, HC2's Chairman, President and Chief Executive Officer, stated, "Rustin Roach has a proven track record of success with Schuff over the last 15 years. The entire board of Schuff joins me in thanking Scott Schuff for his years of service and efforts in building Schuff into the leading steel fabricator and erector in the United States."

Rustin Roach has served on the Schuff Board of Directors since 2013 and as President of the Western Region of Schuff Steel Company, which included overseeing the Southwest and Pacific Divisions since early 2014. Previous to this position, Mr. Roach served as the Executive Vice President of the Pacific Division of Schuff Steel Company from 2005 to 2013. Prior to 2005, Mr. Roach held various positions with Schuff, including Estimator, Project Manager, and Vice President of Sales in the Southwest and Pacific Divisions. Mr. Roach received his B.S. degree from the University of Georgia.

About HC2

HC2 operates as a holding company of operating subsidiaries primarily in the United States and the United Kingdom. HC2's indirectly wholly owned subsidiary PTGi International Carrier Services, Inc. ("PTGi ICS") is one of the leading international wholesale service providers to fixed and mobile network operators worldwide. PTGi ICS owns and operates its own global network of next-generation IP soft switches and media gateways. HC2 owns approximately 65% of Schuff International, Inc., the largest steel fabrication and erection company in the United States. HC2's indirectly wholly owned subsidiary Genovel Orthopedics, Inc. is researching the development of innovative products to treat early osteoarthritis of the knee. Founded in 1994, HC2 is headquartered in Herndon, Virginia. For more information, visit: www.HC2.com.

About Schuff International, Inc.

Schuff International, Inc. (PINKSHEETS: SHFK) and its family of steel companies is the largest steel fabrication and erection company in the United States. The 37-year-old Company executes projects throughout the country as well as internationally. Schuff offers integrated steel construction services from a single source including design-build, design-assist, engineering, BIM participation, 3D steel modeling/detailing, fabrication, advanced field erection, project management, and single-source steel management systems. Schuff International, Inc. employs approximately 1,300 people throughout the country. For more information, visit: www.schuff.com.

For information on HC2 Holdings, Inc., please contact:

HC2
[email protected]

For information on Schuff International, Inc., please contact:

Michael Hill
Vice President and CFO
[email protected]

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