American Vanguard Appoints Steven Macicek to Its Board of Directors
March 07 2024 - 5:21PM
Business Wire
American Vanguard Corporation (NYSE: AVD) announced that Mort
Erlich, who has served on the company’s board of directors since
October 2013, has expressed his intention to retire effective as of
the filing of the Form 10-K for the period ended December 31, 2023.
Mr. Erlich joined American Vanguard after a 34-year career with
KPMG LLP and has served as the Chair of the company’s Audit
Committee, as well as a member of both the Compensation Committee
and Nominating & Corporate Governance Committee.
In light of Mr. Erlich’s retirement, the company’s board has
appointed Steven Macicek to succeed Mr. Erlich as Chair of its
Audit Committee. Mr. Macicek formerly served as Global Client
Services Partner at Ernst & Young, where he was a member of the
firm’s Center for Board Matters, gaining expertise in corporate
governance and addressing boardroom issues. An accomplished auditor
and business advisor, Mr. Macicek has served numerous high-growth
national and large-scale multinational corporations in a wide range
of sectors and was relied upon for his broad knowledge of
accounting, finance, risk management, M&A, executive
leadership, governance, and international business.
Chairman and CEO, Eric G. Wintemute stated, “We are grateful to
Mort for his exceptional service on our board over the past 11
years. His command of accounting principles and literature coupled
with his extensive experience in applying those principles to
disclosure documents has been remarkable. Similarly, he has been
extremely effective in managing external and internal auditors. In
short, we have been privileged to have someone of his caliber
serving as the Chair of our Audit Committee. We will miss Mort –
the person – as well as his counsel and wish him the best.”
Mr. Wintemute continued, “We are thrilled to have Steve join our
board. His breadth of experience and level of success at one of the
world’s largest professional services firms make him an ideal
candidate to help guide American Vanguard into the next phase of
its development. He brings exceptional acumen in accounting, as
well as a practical sense of advising business leadership. In
addition, his expertise in business transformation will be
invaluable to the company as we continue our digital and structural
transformation initiatives. We look forward to working with Steve
to help make this company the best it can be.”
About American Vanguard
American Vanguard Corporation is a diversified specialty and
agricultural products company that develops, manufactures, and
markets solutions for crop protection and nutrition, turf and
ornamentals management, commercial and consumer pest control. Over
the past 20 years, through product and business acquisitions, the
Company has expanded its operations into 17 countries and now has
over 1,000 product registrations in 56 nations worldwide. Its
strategy rests on three growth initiatives – i) Core Business
(through innovation of conventional products), ii) Green Solutions
(with over 130 biorational products – including fertilizers,
microbials, nutritionals and non-conventional products) and iii)
Precision Agriculture innovation (including SIMPAS prescriptive
application and Ultimus measure/record/verify technologies).
American Vanguard is included in the Russell 2000® and Russell
3000® Indexes. To learn more about American Vanguard, please
reference the Company’s web site at www.american-vanguard.com.
The Company, from time to time, may discuss forward-looking
information. Except for the historical information contained in
this release, all forward-looking statements are estimates by the
Company’s management and are subject to various risks and
uncertainties that may cause results to differ from management’s
current expectations. Such factors include weather conditions,
changes in regulatory policy and other risks as detailed from
time-to-time in the Company’s SEC reports and filings. All
forward-looking statements, if any, in this release represent the
Company’s judgment as of the date of this release.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240307046486/en/
Company Contact: American Vanguard Corporation William A. Kuser,
Director of Investor Relations (949) 260-1200 williamk@amvac.com
Investor Representative The Equity Group Inc.
www.theequitygroup.com Lena Cati / 212-836-9611
Lcati@equityny.com
American Vanguard (NYSE:AVD)
Historical Stock Chart
From Apr 2024 to May 2024
American Vanguard (NYSE:AVD)
Historical Stock Chart
From May 2023 to May 2024