CPI Aerostructures Appoints Janet K. Cooper to Board of Directors
April 16 2019 - 3:30PM
CPI Aerostructures, Inc. (“CPI Aero®,” the “Company”) (NYSE
American: CVU) today announced that Janet K. Cooper has been
appointed to its Board of Directors. Ms. Cooper’s appointment is
effective immediately and expands the Company’s board to eight
directors. Concurrently, the Company also announced that Harvey
Bazaar, a Director and the Chair of the Audit Committee since 2006,
intends to retire from the board after the next annual meeting at
which time the number of directors will return to seven.
Ms. Cooper brings decades of experience in
finance and accounting within complex technology and manufacturing
organizations, both as a senior executive and as a board member.
She has considerable expertise in all aspects of finance, including
capital markets, audit, tax, accounting, treasury, and risk
management. Ms. Cooper currently serves as a Director and Chair of
the Audit Committee of The Toro Company, a manufacturer of
equipment for turf maintenance, snow and ice management and
specialty construction equipment, and as a Director and member of
the Audit Committee of Lennox International, Inc., a global leader
in the heating, air conditioning, and refrigeration markets. She is
also a member of the Board of Trustees and Chair of the Investment
Management Committee for Rose-Hulman Institute of Technology, one
of the country’s leading engineering colleges. Ms. Cooper was
previously Senior Vice President and Treasurer at Qwest
Communications International, Inc. She obtained a Bachelor’s Degree
and a Master’s Degree from the University of Illinois and received
an MBA, focusing on Finance and International Business, from the
University of Chicago Booth School of Business.
"Janet is an exceptionally qualified financial
expert, and we welcome her contributions, sound guidance and deep
knowledge to our executive leadership. As a retired senior
financial executive at a Fortune® 500 telecom company and a current
board member for multi-billion-dollar industrial companies, her
experience will be an invaluable asset as we execute on our
long-term growth strategy," said Terry Stinson, Chairman of CPI
Aero.
Mr. Stinson added, “Harvey has been a valuable
member of the Board, and on behalf of the Board, I want to give my
thanks and appreciation for the role he has played in the company’s
growth and success.”
About CPI AeroCPI Aero is a U.S. manufacturer
of structural assemblies, for fixed wing aircraft, helicopters and
airborne Intelligence Surveillance and Reconnaissance pod systems
in both the commercial aerospace and national security markets.
Within the global aerostructure supply chain, CPI Aero is either a
Tier 1 supplier to aircraft OEMs or a Tier 2 subcontractor to major
Tier 1 manufacturers. CPI also is a prime contractor to the U.S.
Department of Defense, primarily the Air Force. In conjunction with
its assembly operations, CPI Aero provides engineering, program
management, supply chain management, and MRO services. CPI Aero is
included in the Russell Microcap® Index.
The above statements include forward looking
statements that involve risks and uncertainties, which are
described from time to time in CPI Aero's SEC reports, including
CPI Aero's Form 10-K for the year ended December 31, 2018, Form
10-Q for the three-month periods ended March 31, 2018 and June 30,
2018, and Form 10-Q/A for the three-month period ended September
30, 2018.
CPI Aero® is a registered trademark of CPI
Aerostructures, Inc. For more information, visit www.cpiaero.com,
and follow us on Twitter @CPIAERO.
Contact:
Vincent Palazzolo |
Investor Relations
Counsel: |
Chief Financial
Officer |
LHA Investor
Relations |
CPI Aero |
Jody
Burfening/Sanjay M. Hurry |
(631) 586-5200 |
(212) 838-3777 |
www.cpiaero.com |
cpiaero@lhai.comwww.lhai.com |
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