Zep Inc. Announces New Board Member, Reports Annual Meeting Results and Declares Dividend

Zep Inc. ZEP is pleased to announce that Timothy M. Manganello was elected to the Company's Board of Directors at its Annual Meeting of Stockholders held on January 6, 2011. Mr. Manganello, who was elected to the class of directors whose terms expire at the 2013 annual meeting, is the Chairman and Chief Executive Officer of BorgWarner Inc. “We are pleased to have such an experienced executive from the automotive industry join our Board of Directors, as this market is of growing importance to our business. His background in the automotive space, as well as his extensive management experience, will bring valuable contributions to our Board,” commented John K. Morgan, Chairman, President and Chief Executive Officer of Zep Inc. Also, at its meeting today, the Board of Directors of Zep Inc. declared a quarterly cash dividend of 4 cents per common share. The dividend is payable February 1, 2011, to stockholders of record on January 19, 2011.