Met-Pro Corporation Appoints Stanley W. Silverman to Board of Directors
03 Setembro 2009 - 4:18PM
PR Newswire (US)
HARLEYSVILLE, Pa., Sept. 3 /PRNewswire-FirstCall/ -- Raymond J. De
Hont, Chairman and Chief Executive Officer of Met-Pro Corporation
(NYSE:MPR), announced today that Stanley W. Silverman has been
appointed to the Company's Board of Directors, filling the vacancy
created by the passing of Dr. Constantine Papadakis. "We are
honored to have Mr. Silverman join our Board," stated De Hont. "To
realize our potential in a rapidly evolving world, Met-Pro needs a
strong Board consisting of a diverse group of Directors with broad
experiences and viewpoints. Mr. Silverman's outstanding
qualifications and experience add a new dimension to our Board,
which we are confident, will be a tremendous asset to Met-Pro as we
continue with our efforts to grow and improve our Company." Mr.
Silverman is President of Horizon Venture Capital Group LLC, a firm
that invests as a limited partner in companies that have potential
for growth and value creation. He is the former President and Chief
Executive Officer of PQ Corporation, a privately held global
company operating in 19 countries in two core businesses --
chemicals and engineered glass materials. During his 25-year career
at PQ Corporation, which began in 1971, Mr. Silverman's experience
included positions in engineering, operations planning, marketing,
sales, and business unit executive management. He was PQ
Corporation's President and Chief Executive Officer and a member of
their Board of Directors from January 2000 to 2005. Mr. Silverman
earned a Bachelor of Science degree in Chemical Engineering and a
MBA degree from Drexel University. He also completed the Advanced
Management Program at the Harvard Business School. Mr. Silverman
presently serves on the Board of Directors of two publicly traded
companies, A. Schulman, Inc. and C&D Technologies, Inc., as
well as two private equity owned companies, Femco Machine Company
and inroad, Inc, a software-as-a-service company. He is a member of
the Board of Trustees of Drexel University, and serves as Chairman
of its Finance Committee. He is also a member of the Board of
Trustees of Philadelphia Health and Education Corporation. Mr.
Silverman serves as a guest lecturer on Executive Leadership at the
Wharton School and at the LeBow College of Business of Drexel
University, where he holds the position of executive in residence.
He is the former Chairman of The Soap and Detergent Association,
and a former board member of the American Chemistry Council. About
Met-Pro Met-Pro Corporation, with headquarters at 160 Cassell Road,
Harleysville, Pennsylvania, was recently recognized as one of
"America's Fastest Growing Small Companies" by Fortune Small
Business magazine. In 2008, the Company was also named one of
America's "200 Best Small Companies" by Forbes magazine for the
third year in a row. Through its business units in the United
States, Canada, Europe and The People's Republic of China, a wide
range of products and services is offered for industrial,
commercial, municipal and residential markets worldwide. These
include product recovery and pollution control technologies for
purification of air and liquids; fluid handling technologies for
corrosive, abrasive and high temperature liquids; Mefiag filtration
technologies for harsh, corrosive liquid filtration applications;
and filtration and purification technologies which include
proprietary water treatment chemicals and filter products for air
and liquid filtration. For more information, please visit
http://www.met-pro.com/. The Private Securities Litigation Reform
Act of 1995 provides a "safe harbor" for forward-looking
statements. Certain information included in this news release, and
other materials filed or to be filed with the Securities and
Exchange Commission (as well as information included in oral or
other written statements made or to be made by the Company),
contain statements that are forward-looking. Such statements may
relate to plans for future expansion, business development
activities, capital spending, financing, the effects of regulation
and competition, or anticipated sales or earnings results. Such
information involves risks and uncertainties that could
significantly affect results in the future and, accordingly, such
results may differ from those expressed in any forward-looking
statements made by or on behalf of the Company. These risks and
uncertainties include, but are not limited to, those relating to,
the cancellation or delay of purchase orders and shipments, product
development activities, goodwill impairment, computer systems
implementation, dependence on existing management, the continuation
of effective cost and quality control measures, retention of
customers, global economic and market conditions, and changes in
federal or state laws. Met-Pro common shares are traded on the New
York Stock Exchange, symbol MPR. To obtain an Annual Report or
additional information on the Company, please call 215-723-6751 and
ask for the Investor Relations Department, or visit the Company's
website at http://www.met-pro.com/. Contact: Investor Contact: Gary
J. Morgan, Joseph Hassett, VP Senior Vice President of Finance, CFO
Gregory FCA Communications 215-723-6751 610-228-2110 DATASOURCE:
Met-Pro Corporation CONTACT: Investor, Gary J. Morgan, Senior Vice
President of Finance, CFO of Met-Pro Corporation, +1-215-723-6751;
or Joseph Hassett, VP, Gregory FCA Communications, +1-610-228-2110
Web Site: http://www.met-pro.com/
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