DMC Global (NASDAQ:BOOM)
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DMC Board of Directors Names New Chairman
BOULDER, Colo., June 14 /PRNewswire-FirstCall/ -- Dynamic Materials
Corporation, (NASDAQ:BOOM), "DMC", today reported that the Company's Board of
Directors named Michel Nicolas as its new Chairman of the Board at a meeting
held on Thursday, June 10. Mr. Nicolas was recently named to the positions of
Executive Vice President, Chemicals for Groupe SNPE and Chairman and CEO of
Nobel Explosifs France, a Groupe SNPE subsidiary engaged in the manufacture and
sale of industrial explosives. Nicolas replaces Bernard Fontana who resigned
as DMC's chairman and as a DMC director in connection with the assumption of
new responsibilities within Groupe SNPE. Michel Nicolas has spent most of his
career with Groupe SNPE and, from 1996 until his latest appointment, was Senior
Vice President, Industrial Affairs and Development. Groupe SNPE owns a 54%
interest in DMC through a U.S. subsidiary, SNPE, Inc.
DMC's annual meeting of stockholders was also held on June 10. At this
meeting, DMC stockholders re-elected the following seven incumbent directors to
serve as directors until the 2005 annual stockholders meeting: Mr. Dean K.
Allen, Dr. George W. Morgenthaler, Mr. Gerard Munera, Mr. Bernard Hueber, Mr.
Francois Schwartz, Mr. Bernard Fontana and Mr. Jacques Loppion. At the Board
of Directors meeting that followed the annual stockholders' meeting, both Mr.
Fontana and Mr. Loppion resigned as DMC directors. Mr. Loppion, who retired as
Chairman and CEO of Groupe SNPE in May, resigned for personal reasons. The
Board has named Mr. Yves Charvin to fill the vacant Board seat that resulted
from Mr. Loppion's resignation. Mr. Charvin is Legal Counsel for Groupe SNPE
and previously served on the DMC Board from September 2002 through December
2003.
Additionally, at the June 10 Board of Directors meeting, the Board re-elected
the following officers to continue in their current positions: Yvon Cariou,
President and Chief Executive Officer, Richard A. Santa, Vice President, Chief
Financial Officer and Secretary, and John G. Banker, Vice President, Sales and
Marketing, Clad Metal Division.
Based in Boulder, Colorado, Dynamic Materials Corporation is a leading
metalworking company, and its products include explosion bonded clad metal
plates and other metal fabrications for the petrochemical, chemical processing,
power generation, commercial aircraft, defense and a variety of other
industries.
For more information on Dynamic Materials Corporation visit the Company's web
site at http://www.dynamicmaterials.com/.
DATASOURCE: Dynamic Materials Corporation
CONTACT: Richard A. Santa, Vice President and Chief Financial Officer of
Dynamic Materials Corporation, +1-303-604-3938
Web site: http://www.dynamicmaterials.com/