FLOW International Appoints Douglas Fletcher VP & CFO
October 05 2005 - 6:11PM
PR Newswire (US)
KENT, Wash., Oct. 5 /PRNewswire-FirstCall/ -- FLOW International
Corporation (NASDAQ:FLOWE), the world's leading supplier of
ultrahigh-pressure waterjet products, today announced the
appointment of Douglas P. Fletcher as Vice President and Chief
Financial Officer. Fletcher will oversee all of FLOW's financial
functions from the company's headquarters in Kent, Washington, and
report directly to Stephen R. Light, FLOW's President and Chief
Executive Officer. Fletcher joined FLOW on August 16th, 2005, when
he was appointed interim CFO. "We are very pleased to welcome Doug
as a full-time member of our executive team," said Stephen R.
Light, FLOW's President and Chief Executive Officer. "Doug is a
seasoned executive with a long and impressive record overseeing
some large financial organizations. His depth of experience will no
doubt make a very positive contribution to FLOW." Fletcher has
nearly 30 years of experience in finance, strategic planning, and
accounting. Before joining FLOW, Fletcher served as CFO of
GiftCertificates.com and of eCharge Corporation, both based in
Seattle. Prior to that, he held various senior positions in
corporate and structured finance, equipment finance, restructuring,
and other finance positions with Citibank in New York. He also held
several senior finance positions, including Group Controller, with
International Paper Company, and served as a Senior Auditor of
Price Waterhouse in New York. He has a Bachelors degree in
accounting from Ohio University. About Flow International Flow
International Corporation is the world's leading developer and
manufacturer of ultrahigh-pressure waterjet cutting technology to
industries including automotive, aerospace, job shop, surface
preparation, and more. For more information, visit
http://www.flowcorp.com/. This press release contains
forward-looking statements relating to future events or future
financial performance that involve risks and uncertainties. The
words "believe," "expect," "intend," "anticipate," variations of
such words and similar expressions identify forward-looking
statements but their absence does not mean that the statement is
not forward-looking. These statements are only predictions and
actual results could differ materially from those anticipated in
these statements based on a number of risk factors, including those
set forth in the April 30, 2005 Flow International Corporation Form
10-K Report filed with the Securities and Exchange Commission.
Readers are cautioned not to place undue reliance on these
forward-looking statements that speak only as of the date of this
announcement. Contact: John Leness General Counsel 253-850-3500
DATASOURCE: FLOW International Corporation CONTACT: John Leness,
General Counsel for Flow International Corporation, +1-253-850-3500
Web site: http://www.flowcorp.com/
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