• E-mail
• Print
• Comment
• Font Size
• Digg
• del.icio.us
• Discuss article

American Pacific Corporation Announces Key Executive Appointments

Posted on: Monday, 18 September 2006, 12:01 CDT

LAS VEGAS, Sept. 18 /PRNewswire-FirstCall/ -- American Pacific Corporation (the "Company") today announced several key executive appointments.

Dr. Joseph Carleone will assume the duties of President and Chief Operating Officer of American Pacific Corporation, effective October 15, 2006. Dr. Carleone, who was named to the Board of Directors in July 2006, will continue as a member of the Board of Directors. However, he will no longer serve on the Audit and Corporate Governance Committees as these committees are comprised solely of independent directors. Dr. Carleone leaves the position of Senior Vice President and Chief Product Officer of Irvine Sensors Corporation. Prior to this position, Dr. Carleone was President of Aerojet Fine Chemicals, LLC, a business unit of GenCorp, and Vice President of GenCorp, a technology-based manufacturing company in aerospace and defense, pharmaceutical fine chemicals, and automotive markets. Before leading the fine chemicals business, Dr. Carleone was Vice President and General Manager for Remote Sensing Systems at Aerojet. Dr. Carleone holds a doctorate and master's degree in Applied Mechanics and a bachelor's degree in Mechanical Engineering from Drexel University.

Dana M. Kelley has been appointed to the position of Vice President, Chief Financial Officer, and Treasurer of American Pacific Corporation, effective October 1, 2006, having served as Acting Chief Financial Officer since March 2006. Prior to joining Ampac, Ms. Kelley was Vice President, Finance at Shuffle Master, Inc. Ms. Kelley served as Corporate Controller for UNOVA, Inc. and was Senior Manager - Audit at Deloitte & Touche LLP. Ms. Kelley earned a bachelor's degree in Science Accounting, Summa Cum Laude, Woodbury University.

John Gibson, who will remain Chairman of the Board and Chief Executive Officer, commented, "Dr. Carleone brings business expertise and background that is uniquely suited for our organization. He has many successful years of experience in the aerospace industry and he has most recently added to that an invaluable association with the fine chemicals business that we acquired last year. The Board and I are very enthusiastic about his decision to join us. Dana Kelley has been acting Chief Financial Officer for several months. We are pleased to now announce her formal appointment as Chief Financial Officer. She is highly regarded in her profession and is a valuable addition to our team."

Two additional executive appointments were made effective October 1, 2006:

Jeffrey M. Gibson was named Vice President, Chief Technical Officer of American Pacific Corporation. As Chief Technical Officer, Mr. Gibson will have responsibility for our remediation activities, information systems and certain operations, including Halotron. Mr. Gibson has held various positions with the Company, including most recently as Director, Halotron Operations and Director, Environmental Services, Nevada Operations. Mr. Gibson has worked for the company since 1988. He holds a bachelor's degree in mathematics and business management from St. Mary's College.

Dirk Venderink was named Vice President, Engineering for American Pacific Corporation. Mr. Venderink has served in several engineering positions since joining Ampac in 1993, the last of which was Director of Engineering as well as leading the PEPCON Systems group. Prior to joining Ampac, Mr. Venderink held mechanical design engineering positions with United Engineers of Denver, Foster Wheeler - South Africa & the U.K., and Flour Engineers of the Netherlands. Mr. Venderink holds a degree in Mechanical Engineering from MTS, the Netherlands.

Risk Factors/Forward-Looking Statements

The statements contained in this press release that are not purely historical are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934, including without limitation all statements regarding future performance and the effect of our newly appointed executives. Words such as "believes", "anticipates", "plans", "expects", "intend", "will", "goal" and similar expressions are intended to identify forward-looking statements. The inclusion of forward-looking statements should not be regarded as a representation by the Company that any of its plans will be achieved. Actual results may differ materially from those set forth in the release due to risks and uncertainties inherent in the Company's business. Factors that might cause such differences include, but are not limited to, the effectiveness of executive management and the other risks and uncertainties detailed in the Company's filings with the Securities and Exchange Commission. Readers of this release are referred to the Company's Annual Report on Form 10-K for the year ended September 30, 2005 and Quarterly Report on Form 10-Q for the quarter ended June 30, 2006 for further discussion of these and other factors that could affect future results. The forward-looking statements contained in this news release are made as of the date hereof and American Pacific assumes no obligation to update for actual results or to update the reasons why actual results could differ materially from those projected in the forward-looking statements.

About American Pacific Corporation

American Pacific is a chemical and aerospace company with the following products: (i) fine chemicals in the form of active pharmaceutical ingredients and registered intermediates, (ii) perchlorate chemicals used in space propulsion and other applications, (iii) liquid in-space propellant thrusters used for attitude control on satellites, (iv) Halotron, a clean fire extinguishing agent, (v) sodium azide and other energetic products used in various applications and (vi) water treatment equipment. Fine chemicals are produced at Ampac Fine Chemicals (AFC) in Rancho Cordova, California. Perchlorates and other energetic chemicals as well as Halotron and water treatment equipment (PSI) are manufactured at the Wecco division in Cedar City, Utah. The in-space propulsion business, Ampac-ISP, is located at Niagara Falls, New York, and Westcott in the U.K. American Pacific also participates in a joint venture, Energetic Systems, Inc. (ESI), that manufactures packaged explosives at facilities in Hallowell, Kansas and Oklahoma City, Oklahoma. Additional information about American Pacific can be obtained by visiting the Company's web site at http://www.apfc.com/.

American Pacific Corporation

CONTACT: John Gibson of American Pacific Corporation, +1-702-735-2200,InvestorRelations@apfc.com

Web site: http://www.apfc.com/

Source: PRNewswire-FirstCall

More News in this Category