PARK ELECTROCHEMICAL CORP. ANNOUNCES APPOINTMENT OF VICE PRESIDENT OF GLOBAL SUPPLIER RELATIONS
Melville, New York, August 19, 2005….. Park Electrochemical Corp. (NYSE-PKE) announced the appointment of Margaret (“Marty”) M. Kendrick as Vice President of Global Supplier Relations of the Company. Marty Kendrick currently serves as President of the Company’s Nelco Products, Inc. circuitry material business located in Fullerton, California (“Nelco California”), and Marty Kendrick will continue to serve in that capacity as well. John Jongebloed, who had been responsible for the Company’s global procurement function, will continue to serve as President of the Company’s New England Laminates Co., Inc. circuitry material business located in Newburgh, New York (“Nelco New York”). Marty Kendrick was elected to the position of President of Nelco California in January, 2004. Immediately prior thereto, she served as Vice President of Global Materials for the Company. Marty originally joined the Company in 1984.
Brian Shore, Park’s President and CEO, said, “I am very happy that Marty has agreed to serve as Vice President of Global Supplier Relations while continuing to serve as President of Nelco California. Marty is taking on this additional responsibility at a very critical time in the company’s history, as maximizing the value our company receives from and through its supply chain will be critical to the success of the company’s efforts to reinvent itself into an advanced materials company. Through Marty’s efforts and leadership, I am hopeful that the company will develop a more intimate and comprehensive understanding of its supply chain and will develop closer relationships with its suppliers. I also would like to thank John Jongebloed for supervising the company’s global procurement function over the last few years.”
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.
Additional corporate information is available on the Company’s web site at www.parkelectro.com.