Perma-Pipe International Holdings Announces that Director Bradley E. Mautner Will Not Stand For Re-Election to Board
April 25 2018 - 4:15PM
Business Wire
Industry executive Bradley E. Mautner has
informed the Board of his intention to retire as a Director of the
Board
Perma-Pipe International Holdings, Inc. (Nasdaq: PPIH) today
announced the decision by Bradley E. Mautner not to stand for
re-election as a director of the Perma-Pipe Board at Perma-Pipe’s
upcoming June 5, 2018 annual shareholders meeting.
Mr. Mautner commented, "My decision to not stand for re-election
came with mixed emotions as I move into the next chapters of my
life. I have been active in our businesses for 40 years and I
believe now is the right moment to step aside and spend time on
other pursuits of great interest to me both personally and
professionally. The leadership team is strong and will continue to
shape the company’s transformational growth going forward. I will
watch with much excitement as Perma-Pipe continues its journey as a
global industry leader. I want to thank the Board of Directors,
both past and present, for its confidence, support and inspiration
over the years. Also, I want to express my heartfelt thanks to all
of the employees that I have had the pleasure of connecting with in
my many roles over the past four decades. Without your dedicated
involvement none of our many successes would have been
possible."
Chairman of the Board, David S. Barrie, commented, "Since 1978,
Brad has played a critical role in the success of our Company, both
as an executive and Board member. He was instrumental in shaping
the global footprint of the company, as well as participating in
taking the company from a collection of private companies to a
publicly listed entity. On behalf of the Board of Directors, we
thank him for his commitment to the best interest of the
shareholders and employees and wish him the best in all his future
pursuits."
President and CEO, David J. Mansfield, added, "I would like to
express my appreciation, and the appreciation of the employees of
Perma-Pipe, to Brad for his unwavering commitment and dedication to
the company, its employees and shareholders. He is leaving the
company with a rich pipeline of talented people, strong values and
international brand awareness which bodes well for the future of
our enterprise."
Perma-Pipe International Holdings, Inc.
Perma-Pipe International Holdings, Inc. (Nasdaq: PPIH) is a
global leader in pre-insulated piping and leak detection systems
for oil and gas gathering, district heating and cooling, and other
applications. It uses its extensive engineering and fabrication
expertise to develop piping solutions that solve complex challenges
regarding the safe and efficient transportation of many types of
liquids. In total, Perma-Pipe has operations at seven locations in
five countries.
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version on businesswire.com: https://www.businesswire.com/news/home/20180425006548/en/
Perma-Pipe International Holdings, Inc.David
Mansfield, President and CEO(847)
966-1000orPerma-Pipe Investor Relations(847)
929-1200investor@permapipe.com
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