Thomas A. Corcoran Joins LaBarge, Inc. Board of Directors
ST. LOUIS, June 6 /PRNewswire-FirstCall/ -- LaBarge, Inc. (AMEX:LB) announced
today that Thomas A. Corcoran has joined the Company's board of directors. Corcoran is president of Corcoran Enterprises, LLC, a private management
consulting firm, and serves as senior advisor to The Carlyle Group, a
Washington D.C.-based private equity firm.
Prior to joining The Carlyle Group as senior advisor, Corcoran, 60, served as
president and chief executive officer for Gemini Air Cargo, Inc. and Allegheny
Teledyne Incorporated. He previously spent 32 years at Lockheed Martin
Corporation and its predecessor companies where he held various senior
management positions, including president and chief operating officer for the
corporation's Space and Strategic Missiles, and Electronics Systems sectors.
Corcoran earned a bachelor's degree in engineering from Stevens Institute of
Technology and is a graduate of the GE Manufacturing Management Program. He has
an honorary doctorate from Stevens. He serves on the boards of directors of
publicly traded L-3 Communications Corporation, REMEC, Inc. and United
Industrial Corporation, as well as privately held Gemini Air Cargo, Vought
Aircraft Industries, Inc and Datapath, Inc. Corcoran serves on the board of
trustees of Stevens Institute of Technology and is a trustee emeritus at
Worcester Polytechnic Institute.
"Tom Corcoran's distinguished career in the defense and aerospace industry,
proven business acumen and extensive senior management experience will be a
tremendous asset to LaBarge as the Company aggressively pursues its growth
goals. I am delighted he is joining the board and look forward to the
contributions he will make as a director," said Chief Executive Officer and
President Craig LaBarge.
LaBarge, Inc. is a broad-based provider of electronics to technology-driven
companies in diverse markets. The Company provides its customers with
sophisticated electronic products through contract design and manufacturing
services. Headquartered in St. Louis, LaBarge has operations in Arkansas,
Missouri, Oklahoma, Pennsylvania and Texas. The Company's Web site may be
accessed at http://www.labarge.com/ .
Statements contained in this release relating to LaBarge, Inc. that are not
historical facts are forward-looking statements within the meaning of the
federal securities laws. Matters subject to forward-looking statements are
subject to known and unknown risks and uncertainties, including economic,
competitive and other factors that may cause LaBarge or its industry's actual
results, levels of activity, performance and achievements to be materially
different from any future results, levels of activity, performance or
achievements expressed or implied by these forward-looking statements. Important factors that could cause LaBarge's actual results to differ
materially from those projected in, or inferred by, forward-looking statements
are (but are not necessarily limited to) the following: the impact of
increasing competition or deterioration of economic conditions in LaBarge's
markets; cutbacks in defense spending by the U.S. Government; loss of one or
more large customers; LaBarge's ability to replace completed and expired
contracts on a timely basis; the Company's ability to integrate recently
acquired businesses; the outcome of litigation the Company may be party to;
increases in the cost of raw materials, labor and other resources necessary to
operate LaBarge's business; the availability, amount, type and cost of
financing for LaBarge and any changes to that financing; and other factors
summarized in our reports filed from time to time with the Securities and
Exchange Commission. Given these uncertainties, undue reliance should not be
placed on the forward-looking statements. Unless otherwise required by law,
LaBarge disclaims any obligation to update any forward-looking statements or to
publicly announce any revisions thereto to reflect future events or
developments. DATASOURCE: LaBarge, Inc.
CONTACT: Jennifer Noonan of LaBarge, Inc., +1-314-997-0800, ext. 469, Web site: http://www.labarge.com/
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