ETC Announces the Election of Robert L. Laurent, Jr. as President and Mark Prudenti as Chief Financial Officer
SOUTHAMPTON, PA, USA, November 19, 2013 – Environmental Tectonics Corporation (OTC Pink: ETCC) (“ETC” or the “Company”) announced today the election of Robert Laurent as the Company’s President.
Mr. Laurent, age 58, was ETC’s Chief Financial Officer since June 2011. From 1980 to 2008, Mr. Laurent was with Fedders Corporation where he served as Executive Vice President and Chief Financial Officer from 1987 to 1998 and from 2004 to 2008. From 1998 to 2004, Mr. Laurent served as Executive Vice President – Acquisitions and Alliances. Mr. Laurent was a private consultant from 2008 through 2010. Mr. Laurent is a graduate of Villanova University.
Mr. Laurent has extensive financial, international business and strategic planning experience.
Mark Prudenti, CPA, age 37, has been selected to replace Mr. Laurent as Chief Financial Officer. Mr. Prudenti has served as the Company’s Corporate Controller since July 2011. From 2008 to 2011, Mr. Prudenti served as the Financial Director at Rhoads Industries, Inc. Prior thereto he was Controller of Schmolz & Bickenbach USA from 2007 to 2008, Manager of Internal Controls at Bristol-Myers Squibb Company from 2005 to 2007, and was with Deloitte & Touche, LLP from 2000 to 2005, where he was Manager. Mr. Prudenti is a CPA and graduate of Bucknell University.
Mr. Prudenti has an extensive background in financial reporting, internal controls, and systems implementation.
William F. Mitchell, Chairman and Chief Executive Officer stated “these moves will strengthen ETC organizationally”.
This news release contains forward-looking statements, which are based on management's expectations and are subject to uncertainties and changes in circumstances. Words and expressions reflecting something other than historical fact are intended to identify forward-looking statements, and these statements may include terminology such as "may", "will", "should", "expect", "plan", "anticipate", "believe", "estimate", "future", "predict", "potential", "intend", or "continue", and similar expressions. We base our forward-looking statements on our current expectations and projections about future events or future financial performance. Our forward-looking statements are subject to known and unknown risks, uncertainties and assumptions about ETC and its subsidiaries that may cause actual results to be materially different from any future results implied by these forward-looking statements. We caution you not to place undue reliance on these forward-looking statements.