Aegion Corporation Announces CFO Transition
November 20 2017 - 8:15AM
Aegion Corporation (Nasdaq Global Select Market:AEGN) (“Aegion” or
the “Company”) today announced that, effective November 18, 2017,
David A. Martin has resigned his positions as Executive Vice
President and Chief Financial Officer of the Company. The
Company further announced that David F. Morris has been appointed
as the Company’s interim Chief Financial Officer to serve until a
permanent Chief Financial Officer is hired. The Company
intends to consider both internal and external candidates in its
search for a permanent Chief Financial Officer. During the
Company’s search, Mr. Morris will also maintain his current
responsibilities with Aegion.
Following over 20 years of dedicated service to the Company, Mr.
Martin entered into a transition and separation agreement with the
Company under which he will maintain continued employment with the
Company as a special advisor through March 31, 2018.
Charles R. Gordon, Chief Executive Officer of Aegion, said, “On
behalf of the entire Aegion family, I thank David Martin for his
contributions to the Company over his 20+ year career at Aegion,
including his invaluable service as Chief Financial Officer.
On behalf of management and the Aegion Board of Directors, we
appreciate David’s willingness to continue on with the Company as
special advisor during the transition period, and we wish him all
the best in his future endeavors.”
David F. Morris has been with Aegion for more than 13 years and
currently serves as the Company’s Executive Vice President, Chief
Administrative Officer, General Counsel and Corporate Secretary,
and is responsible for the Company’s legal, administrative,
corporate governance, safety and compliance functions. Mr.
Morris joined the Company in January 2005 as Vice President,
General Counsel and Secretary. Mr. Morris was appointed Chief
Administrative Officer in August 2007 and Executive Vice President
in October 2014. Mr. Morris has over 25 years of experience
handling legal, strategic, financial and administrative matters for
public and private entities. Prior to joining the Company,
Mr. Morris was a partner with the law firm of Thompson Coburn LLP,
in its corporate and securities practice areas.
Gordon continued, “We also thank David Morris for his
willingness to fill the role of interim CFO during the Company’s
search for a permanent Chief Financial Officer. David has
been involved in all key strategic and financial matters since I
joined the Company, and I am confident he will ensure a smooth
transition.”
About Aegion Corporation (Nasdaq Global Select
Market:AEGN)
Aegion combines innovative technologies with market leading
expertise to maintain, rehabilitate and strengthen infrastructure
around the world. Since 1971, the Company has played a pioneering
role in finding innovative solutions to rehabilitate aging
infrastructure, primarily pipelines in the wastewater, water,
energy, mining and refining industries. Aegion also maintains the
efficient operation of refineries and other industrial facilities.
Aegion is committed to Stronger. Safer. Infrastructure®. More
information about Aegion can be found at www.aegion.com.
Forward-Looking Statements
The Private Securities Litigation Reform Act of 1995 provides a
“safe harbor” for forward-looking statements. Aegion’s
forward-looking statements in this news release represent its
beliefs or expectations about future events or financial
performance. These forward-looking statements are based on
information currently available to Aegion and on management’s
beliefs, assumptions, estimates or projections and are not
guarantees of future events or results. When used in this document,
the words “anticipate,” “estimate,” “believe,” “plan,” “intend,
“may,” “will” and similar expressions are intended to identify
forward-looking statements, but are not the exclusive means of
identifying such statements. Such statements are subject to known
and unknown risks, uncertainties and assumptions, including those
referred to in the “Risk Factors” section of Aegion’s Annual Report
on Form 10-K for the year ended December 31, 2016, as filed with
the Securities and Exchange Commission on March 1 2017, and in
subsequently filed documents. In light of these risks,
uncertainties and assumptions, the forward-looking events may not
occur. In addition, Aegion’s actual results may vary materially
from those anticipated, estimated, suggested or projected. Except
as required by law, Aegion does not assume a duty to update
forward-looking statements, whether as a result of new information,
future events or otherwise. Investors should, however, review
additional disclosures made by Aegion from time to time in Aegion’s
filings with the Securities and Exchange Commission. Please use
caution and do not place reliance on forward-looking statements.
All forward-looking statements made by Aegion in this news release
are qualified by these cautionary statements.
Aegion® and the associated logo are the registered trademarks of
Aegion Corporation and its affiliates.
(AEGN-ER)
CONTACT: |
Aegion Corporation |
|
David F. Morris,
Executive Vice President, Interim Chief Financial Officer and
General Counsel |
|
(636) 530-8000 |
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