Cadre Holdings Appoints Gianmaria Delzanno to its Board of Directors
13 Janeiro 2025 - 6:15PM
Business Wire
Cadre Holdings, Inc. (NYSE: CDRE) (“Cadre” or “the Company”), a
global leader in the manufacturing and distribution of safety
equipment and other related products for the law enforcement, first
responder, military and nuclear markets, announced the appointment
of Gianmaria Delzanno to its board of directors, effective as of
January 13, 2025. Current Director Nicholas Sokolow, who joined the
board of Cadre’s predecessor in July of 2012, will retire from the
Company’s board, effective as of January 31, 2025. Upon Mr.
Sokolow’s departure, Mr. Delzanno will replace Mr. Sokolow as the
lead independent director and will also serve as Chairman of the
Nominating and Corporate Governance Committee as well as a member
of the Audit Committee and the Compensation Committee.
“We are pleased to welcome a seasoned executive of Gianmaria’s
caliber to our Board,” said Warren Kanders, CEO and Chairman.
“M&A is a key tenet of the Company’s strategy, and we look
forward to leveraging Gianmaria’s broad network of relationships
and expertise as we continue to strengthen Cadre’s platform and
capitalize on inorganic growth opportunities. On behalf of the
Company, I’d also like to thank Nick Sokolow for his 12 years of
dedicated service to Cadre. His consistent support and thoughtful
counsel have been instrumental in shaping Cadre over the last
two-plus decades into a global leader in public safety.”
Mr. Sokolow stated, “I have had the honor of being involved with
the core Cadre business off and on for nearly 30 years and am
grateful to all the talented executives, employees and my fellow
Board colleagues for the meaningful collaboration during my tenure.
With outstanding leadership in place, Cadre is well positioned for
continued success, and I look forward to watching the next steps in
its evolution.”
Mr. Delzanno is a veteran finance executive with over 40 years
of experience in domestic and international M&A, corporate
financing, debt and equity offerings and private equity. Since
1996, Mr. Delzanno has served as the President of Delzanno &
Co. Inc., a firm that he founded, advising domestic and
international publicly traded and privately held companies in
mergers and acquisitions, as well as providing corporate finance,
restructuring, and general advisory and valuation services. From
1984 to 1996, Mr. Delzanno worked for the investment bank Schroder
Wertheim & Co. Incorporated, where he was a Director in the
Industrial Manufacturing Group, and led transactions including
IPOs, M&A, private placements, and debt offerings. Prior to
that, he served as a Manager and Corporate Finance Analyst at the
investment bank S.G. Warburg & Co., Ltd in New York and
London.
Mr. Delzanno also has decades of Board experience across
industries, with roles as Chairman, board member, audit and
compensation committee member. From 2015 to 2021, he served on the
board of Tempel Steel Company, a family-owned manufacturer of
components for electric motors and transformers with operations in
the US, Canada, Mexico, China and India. Additional experience
includes Board roles with Transfer Rapid Corporation (2007-2019), a
money transfer company, and Ansaldo Sistemi Industriali
(2000-2004), an Italian manufacturer of motor drives.
Amongst his non-profit activities, Mr. Delzanno served as a
board member for Teatro alla Scala Foundation, USA. He received his
M.B.A from Columbia Business School and graduated with a B.S. in
Applied Mathematics and Economics from Brown University.
Mr. Delzanno stated, “I am thrilled to join Cadre’s board and
contribute to a leading business with such an important,
life-saving mission. In collaboration with the Company’s leadership
and my fellow board members, I look forward to helping Cadre
enhance its market positions and accelerate growth.”
About Cadre Headquartered in Jacksonville, Florida, Cadre
is a global leader in the manufacturing and distribution of safety
products. Cadre's equipment provides critical protection to allow
users to safely and securely perform their duties and protect those
around them in hazardous or life-threatening situations. The
Company's core products include body armor, explosive ordnance
disposal equipment, duty gear and nuclear safety products. Our
highly engineered products are utilized in over 100 countries by
federal, state and local law enforcement, fire and rescue
professionals, explosive ordnance disposal teams, and emergency
medical technicians. Our key brands include Safariland® and
Med-Eng®, amongst others.
Forward-Looking Statements Please note that in this press
release we may use words such as “appears,” “anticipates,”
“believes,” “plans,” “expects,” “intends,” “future,” and similar
expressions which constitute forward-looking statements within the
meaning of the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. Forward-looking statements are made
based on our expectations and beliefs concerning future events
impacting the Company and therefore involve a number of risks and
uncertainties. We caution that forward-looking statements are not
guarantees and that actual results could differ materially from
those expressed or implied in the forward-looking statements.
Potential risks and uncertainties that could cause the actual
results of operations or financial condition of the Company to
differ materially from those expressed or implied by
forward-looking statements in this release, include, but are not
limited to, those risks and uncertainties more fully described from
time to time in the Company's public reports filed with the
Securities and Exchange Commission, including under the section
titled “Risk Factors” in the Company's Annual Report on Form 10-K,
and/or Quarterly Reports on Form 10-Q, as well as in the Company’s
Current Reports on Form 8-K. All forward-looking statements
included in this press release are based upon information available
to the Company as of the date of this press release and speak only
as of the date hereof. We assume no obligation to update any
forward-looking statements to reflect events or circumstances after
the date of this press release.
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version on businesswire.com: https://www.businesswire.com/news/home/20250113456067/en/
Contact: Gray Hudkins Cadre Holdings, Inc. 203 550 7148
gray.hudkins@cadre-holdings.com
Investor Relations: The IGB Group Leon Berman / Matt
Berkowitz 212 477 8438 / 212 227 7098 lberman@igbir.com /
mberkowitz@igbir.com
Media Contact: Jonathan Keehner / Andrew Siegel Joele
Frank, Wilkinson Brimmer Katcher 212 355 4449
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