Park Aerospace Corp. Announces Election of Chris Goldner as Vice President-Finance and the Planned Retirement of Matt Farabaugh as the Company’s Long Time CFO
25 Abril 2024 - 12:51PM
Park Aerospace Corp. (NYSE-PKE) announced that the Company’s Board
of Directors has elected Chris Goldner as Vice President-Finance of
the Company. Park also announced that P. Matthew Farabaugh
(“Matt”), the Company’s long time Senior Vice President and Chief
Financial Officer, plans to retire from the Company at the end of
May 2024. Matt joined the Company in October of 2007 and has served
as the Company’s CFO since April 2012. Matt has agreed to serve as
a consultant to the Company after his retirement. Chris started
with Park on March 4, 2024 and has been working with Matt and
Park’s accounting staff for the last two months to facilitate the
transition. Upon Matt’s retirement, Chris will report to Brian
Shore, the Company’s Chairman and CEO, and Chris will serve as the
Company’s principal financial officer.
Chris served as Corporate Controller and Interim
CFO of Spruce Power Holdings Corporation, a public company located
in Boston, Massachusetts, from 2021 through 2023. Prior to that,
Chris served in positions of increasing responsibility at Hasbro,
Inc., a public company located in Pawtucket, Rhode Island, from
2000 through 2021. Chris’s final position at Hasbro was Vice
President, Fiscal Responsibility. Chris received a Bachelor of
Science degree in Business Administration from Boston College.
Chris is a CPA.
Brian Shore said, “Welcome, Chris, to Park. We
are looking forward to working with you over the years to come. We
are happy to have you on board.”
Brian continued, “Congratulations, Matt, on your
well-deserved retirement. Thank you, for your dedication and
service to our Company over the years. It has been a true pleasure
to work with you. You have been a great partner to me. You will be
missed!”
Park Aerospace Corp. develops and manufactures
solution and hot-melt advanced composite materials used to produce
composite structures for the global aerospace markets. Park’s
advanced composite materials include film adhesives (Aeroadhere®)
and lightning strike protection materials (Electroglide®). Park
offers an array of composite materials specifically designed for
hand lay-up or automated fiber placement (AFP) manufacturing
applications. Park’s advanced composite materials are used to
produce primary and secondary structures for jet engines, large and
regional transport aircraft, military aircraft, Unmanned Aerial
Vehicles (UAVs commonly referred to as “drones”), business jets,
general aviation aircraft and rotary wing aircraft. Park also
offers specialty ablative materials for rocket motors and nozzles
and specially designed materials for radome applications. As a
complement to Park’s advanced composite materials offering, Park
designs and fabricates composite parts, structures and assemblies
and low volume tooling for the aerospace industry. Target markets
for Park’s composite parts and structures (which include Park’s
proprietary composite SigmaStrut™ and AlphaStrut™ product lines)
are, among others, prototype and development aircraft, special
mission aircraft, spares for legacy military and civilian aircraft
and exotic spacecraft. Park’s objective is to do what others are
either unwilling or unable to do. When nobody else wants to do it
because it is too difficult, too small or too annoying, sign us
up.
Additional corporate information is available on
the Company’s website at www.parkaerospace.com.
Contact: Donna D’Amico-Annitto |
486 North Oliver Road, Bldg. ZNewton, Kansas 67114(316)
283-6500 |
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