Flanders Corporation Enters Into Three-Year Agreement With Harry L. Smith, Newly Appointed President and Chief Executive Officer
24 Novembro 2008 - 7:00PM
Marketwired
Flanders Corporation (NASDAQ: FLDR) entered into a three-year
employment agreement with Harry L. Smith, Jr., chief executive
officer and president, commencing December 1, 2008. As announced on
October 28, 2008, Flanders appointed Smith as president and CEO
effective November 1, 2008.
Robert R. Amerson, chairman of the Flanders' Board of Directors,
stated, "Harry has been with Flanders for over 10 years and has
worked in all aspects of the company. He was instrumental in
growing the business, particularly in developing the commercial and
industrial business, and has been pivotal in the turnaround we
began implementing this year. We believe Harry is a key factor in
achieving our goals of improved productivity and EBITDA
growth."
Smith commented, "I am dedicated to Flanders and excited to be
leading and directing necessary changes during this turning point
in our history to once again make this company great. This year, we
have made tremendous efforts to reduce overhead, manage costs and
strengthen our balance sheet. Looking to 2009, we are well
positioned for further productivity enhancements, increased focus
on our core competencies and pursuit of new product
innovation."
Smith, 38, has a long history in the air filtration industry,
most recently, serving as chief operating officer since August
2007. He has worked at Flanders since 1997, holding roles of
increasing responsibility including leading the Flanders' direct
offices; ARW -Wholesale Division; FSS-Filter Sales and Service;
FFI-Flanders Filters, Inc.; CSC-Charcoal Services, Inc., and
AirSeal Filter Housings, Inc. Smith received his Bachelor of
Science degree in Business Administration from East Carolina
University in 1992.
For further information on Flanders and its products, visit its
web site at http://www.flanderscorp.com/ or contact Harry Smith at
(252) 946-8081.
Safe Harbor Statement
The statements made in this press release regarding Flanders (i)
turnaround n implemented this year, (ii) achieving its goals of
improved productivity and EBITDA growth, (iii) efforts to reduce
overhead, manage costs and strengthen its balance sheet, (iv) being
positioned to further productivity enhancements, focus on its core
competencies and pursue new product innovation. Such statements are
based on the current expectations and beliefs of the management of
Flanders and are subject to a number of risks and uncertainties
that could cause actual results to differ materially from those
described in the forward-looking statements. For a more detailed
discussion of risk factors that may affect Flanders' operations,
please refer to the Company's Form 10-K for the year ended December
31, 2007, Form 10-Q for the periods ended March 31, 2008, June 30,
2008 and September 30, 2008. These forward-looking statements speak
only as of the date on which such statements are made, and the
Company undertakes no obligation to update such forward-looking
statements, except as required by law.
About Flanders
Flanders is a leading air filtration products manufacturer.
Flanders' products are utilized by many industries, including those
associated with commercial and residential heating, ventilation and
air conditioning systems, semiconductor manufacturing, ultra-pure
materials, biotechnology, pharmaceuticals, synthetics, nuclear
power and nuclear materials processing.
Contact: Harry Smith Chief Operating Officer Flanders
Corporation (252) 946-8081
Flanders Corp (MM) (NASDAQ:FLDR)
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