PARK ELECTROCHEMICAL CORP. ANNOUNCES APPOINTMENT OF STEVEN GARRETTE AS EXECUTIVE DIRECTOR OF GLOBAL BUSINESS DEVELOPMENT-ADVANCED COMPOSITES
Melville, New York, February 7, 2006….Park Electrochemical Corp. (NYSE – PKE) announced the appointment of Steven L. Garrette as Park’s Executive Director of Global Business Development-Advanced Composites. In this new position, Mr. Garrette will be responsible for developing Park’s advanced composites business in all parts of the world, with special emphasis in Asia. Mr. Garrette will report to Brian Shore, Park’s President and Chief Executive Officer.
Mr. Garrette had been President of FiberCote Industries, Inc., Park’s advanced composite materials business unit located in Waterbury, Connecticut, from November 2001 through August 2005.
Mr. Garrette has nineteen years of manufacturing, sales and management experience in the advanced composite materials industry. Mr. Garrette joined FiberCote Industries, Inc. as Director of Operations in June 2000 and was President of FiberCote Industries from November 2001 through August 2005. Before joining FiberCote Industries, Mr. Garrette was Manufacturing Manager of Hermes Abrasives Ltd. in Virginia Beach, Virginia from June 1999 to June 2000, Adhesives Manufacturing Manager of Cytec Fiberite, Inc. in Harve de Grace, Maryland from October 1997 to June 1999, Accounts Manager at Fiberite, Inc. in Virginia from 1995 to 1997, and he held various operating positions with ICI Fiberite in Greenville, Texas from 1987 to 1995. Mr. Garrette has a Bachelor of Science Degree in Mechanical Engineering from Virginia Polytechnic Institute.
Brian Shore, Park’s President and CEO, said, “We are glad to be adding Steve Garrette to our team of people working on growing and developing Park’s advanced composite business, particularly overseas!”
Certain portions of this press release may be deemed to constitute forward looking statements that are subject to various factors which could cause actual results to differ materially from Park’s expectations. Such factors include, but are not limited to, general conditions in the electronics industry, Park’s competitive position, the status of Park’s relationships with its customers, economic conditions in international markets, the cost and availability of utilities, and the various factors set forth under the caption “Factors That May Affect Future Results” after Item 7 of Park’s Annual Report on Form 10-K for the fiscal year ended February 27, 2005.
Park Electrochemical Corp. is a global advanced materials company which develops and manufactures high-technology digital and RF/microwave printed circuit materials and advanced composite materials for the electronics, military, aerospace, wireless communication, specialty and industrial markets. The Company’s manufacturing facilities are located in Singapore, China (currently under construction), France (two facilities), Connecticut, New York, Arizona and California. The Company operates under the FiberCote™, Nelco® and Neltec® names.