MONTVALE, N.J., Nov. 5, 2015 /PRNewswire/ -- AEP Industries
Inc. (Nasdaq: AEPI, the "Company" or "AEP") today announced
John J. Powers, Executive Vice
President, Sales and Marketing and a member of the Board of
Directors, has been appointed to the newly created position of
Chief Operating Officer ("COO") and has assumed the role of
President, effective immediately. In addition to his duties as COO,
Mr. Powers will continue to oversee the sales and marketing
functions and report to Brendan
Barba, Chairman and Chief Executive Officer of the
Company.
"Throughout his 27 year tenure at AEP and most recently as a
director of the Company, John has repeatedly proven that he is a
high caliber leader and an important contributor to the company's
success. His deep knowledge of AEP's business makes him an
important contributor in driving growth and supporting the actions
we are taking to achieve our long-range strategic plans," said Mr.
Barba. "In recent years, we have been closely managing our
operations and processes to become more efficient, and by
appointing John as COO, we expect to bring additional focus to
these critical areas to further optimize our capabilities across
the organization and ensure AEP is best organized for success going
forward."
The Company expects an orderly transfer of responsibilities for
all of the Company's operating functions to Mr. Powers along with a
reorganization of certain of the Company's sales and marketing
activities.
Mr. Powers said, "It is a pleasure to continue on my path at AEP
in this expanded new role. We remain focused on serving our present
market with newer and better products and expanding our presence in
these markets. I look forward to working collaboratively with the
executive management team to continue to create value for our
shareholders moving forward."
About John Powers
Mr.
Powers previously served as the Company's Executive Vice President,
Sales and Marketing, a position he has held since March 1996. Prior to that, he was Vice
President-Custom Film Division from 1993 to 1996. He has held
various other sales positions with the Company since 1989.
Mr. Powers graduated from Providence
College with a Bachelor of Science in Accounting. He
currently serves on the Board of Trustees of Providence College.
AEP Industries Inc. manufactures, markets, and distributes an
extensive range of plastic packaging products for the consumer,
industrial and agricultural markets. The Company has
manufacturing operations in the United
States and Canada.
Contact: Paul M. Feeney
Executive Vice President, Finance
and Chief Financial Officer
AEP Industries Inc.
(201) 807-2330
feeneyp@aepinc.com
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SOURCE AEP Industries Inc.