CINCINNATI, March 6, 2014 /PRNewswire/ -- CECO
Environmental Corp. (NasdaqGM:CECE), a leading global
environmental technology company focused on critical solutions in
the air pollution control (APC), energy and fluid handling and
filtration industries, today announced a number of executive
changes and promotions.
Neal Murphy, the Company's Chief
Financial Officer, will be resigning to pursue another opportunity
and Ed Prajzner, our current Vice
President of Finance and Chief Accounting Officer, will become
Chief Financial Officer.
Jeff Lang, CECO's Chief Executive
Officer, commented, "We thank Neal for his leadership during the
company's merger transition. He has been integral to the CECO
Met-Pro merger and played a critical role in the successful
integration of the two companies. The CECO Met-Pro merger was a
transformative event for our company and Neal's contribution was
significant. The integration is complete and we are running
as one strong larger company and the merger was a success. We truly
wish Neal the absolute best in his new role."
Mr. Lang continued, "We have made great strides in building out
and expanding our senior leadership team to support growth and
global expansion which is the key foundation for our company's
future. Ed joined CECO Environmental as part of the Met-Pro
merger and is one of several key individuals who are now part of
our leadership team as a result of recent acquisitions. Ed joined
Met-Pro two years ago as part of their long term CFO leadership
succession plan. We are now very excited to have Ed transition
smoothly into this important executive leadership role while we
continue moving forward in building our business."
As previously announced, the CECO organization is transitioning
into three strategic segments comprised of Air Pollution Control,
Energy, and Fluid Handling and Filtration. In order to
accommodate this structural change, the Company has made a number
of internal promotions as well as a key addition to our Asian
operations.
- Ed Prajzner, CECO's current
Chief Accounting Officer and Vice President of Finance, is being
promoted to Chief Financial Officer effective with Neal's
departure. Prior to the Met-Pro acquisition, Mr. Prajzner
served as Chief Accounting Officer and Corporate Controller for
Met-Pro. He also served as Senior Vice President and
Corporate Controller for CDI Corporation, a $1 billion engineering and staffing services
company as well as Corporate Controller for American
Infrastructure, a $500 million
construction company.
- Gennaro D'Alterio was recently promoted to President of CECO's
Fluid Handling and Filtration business segment. Prior to becoming a
part of CECO with the Met-Pro acquisition, Mr. D'Alterio served as
the Vice President and General Manager for the Global Pump
Solutions and Keystone Filters divisions of Met-Pro.
- Brent Becker recently joined
CECO as President of Asia. Prior
to joining the Company, Mr. Becker served as the President of
Curtis-Toledo Inc., a Fusheng Industrial Company. Prior to
that, he spent many years at Ingersoll Rand where he held senior
regional, national and international positions including
responsibility for global product portfolio growth. Brent's
experience in sales, marketing and business development will help
drive the continued growth and success of CECO China and the
overall Asian operations.
- Benton Cook, in addition to his
current role as Corporate Controller, is being promoted to Vice
President of Finance. Mr. Cook has served the Company in
various key financial leadership roles over the past eleven
years.
- Ray Smith is being promoted to
Divisional Controller for CECO's Air Pollution Control (APC)
technology segment. Mr. Smith has served in various financial
planning/analysis and accounting leadership roles for Met-Pro
Corporation over the past fifteen years.
- Chris Keep is being promoted to
Divisional Controller for CECO's Fluid Handling/Filtration business
segment. Mr. Keep has served in various accounting and
finance roles for Met-Pro Corporation since 2003 and most recently
was the Controller for the Global Pump Solutions business.
"We are very pleased with these senior leadership promotions and
hiring that we have recently completed," commented Jeff Lang. "Since joining the company as CEO
over four years ago, we have been working hard to build a strong
team of people that has included the development of internal
resources as well as bringing in the best talent from the outside
and through acquisitions. We are continuing to build a world-class
organization at CECO and I look forward to working with my team in
their new positions."
ABOUT CECO ENVIRONMENTAL
CECO Environmental is a leading global environmental technology
company focused on critical solutions in the product recovery, air
pollution control, fluid handling and filtration segments. Through
its well-known brands, CECO provides a wide spectrum of products
and services including dampers & diverters, cyclonic
technology, thermal oxidizers, filtration systems, scrubbers, fluid
handling equipment and plant engineered services and engineered
design build fabrication. These products play a vital role in
helping companies achieve exacting production standards, meeting
increasing plant needs and stringent emissions control regulations
around the globe. CECO globally serves the broadest range of
markets and industries including power, municipalities, chemical,
industrial manufacturing, refining, petrochemical, metals, minerals
& mining, hospitals and universities. CECO is focused on
building long-term shareholder value by bringing its unique
technology, portfolio and operational excellence to strategic key
growth markets around the world, while maintaining the highest
standards of employee development, project execution and safety
leadership. CECO is listed on NASDAQ under the ticker symbol "CECE"
and is a member company of the Russell 2000 Index. For more
information on CECO Environmental, please visit the company's
website at http://www.cecoenviro.com.
Contact:
Corporate Information
Jeff Lang, Chief Executive
Officer
1-800-333-5475
or
Investor Relations:
Shawn
Severson
The Blueshirt Group
Phone: (415) 489-2198
Email: Shawn@blueshirtgroup.com
This press release may contain forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995. All forward-looking statements are subject to certain
risks, uncertainties and assumptions. These risks and
uncertainties, which are more fully described in CECO's Annual and
Quarterly Reports filed with the Securities and Exchange
Commission, include changes in market conditions in the industries
in which the Company operates. Should one or more of these
risks or uncertainties materialize, or should the assumption prove
incorrect, actual results may vary in material aspects from those
currently anticipated.
SOURCE CECO Environmental Corp.