Ruth I. Dreessen Appointed to DMC Global’s Board of Directors; Yvon P. Cariou to Retire From Board at May 2021 Annual Meeti...
October 21 2020 - 8:27AM
DMC Global Inc. (Nasdaq: BOOM) today announced its board of
directors has elected Ruth I. Dreessen as an independent director.
Ms. Dreessen joins the DMC board with more than
25 years of financial and executive leadership experience,
principally in the finance and chemical industries. She currently
serves as independent chairman of Gevo, Inc., a renewable
technology, chemical products and advanced biofuels company, where
she also is a member of the Audit Committee and the Compensation
Committee, and is chair of the Nominating and Corporate Governance
Committee. Ms. Dreessen has served on eight public and
private-company boards during her career, and has chaired three
audit committees.
She previously spent eight years as managing
director for Lion Chemical Partners, and was focused on investments
in the chemical industry. She also served five years as executive
vice president and CFO of TPC Group Inc., where she executed the
acquisition and financing of Huntsman’s C4 processing business, and
led TPC Group’s finance, accounting and treasury functions. She
also led strategic planning and corporate development initiatives,
and prepared the company for its public listing on NASDAQ.
Before joining TPC Group, Ms. Dreessen served as
senior vice president, CFO and director of Westlake Chemical
Corporation. She previously spent 21 years at J.P. Morgan
Securities LLC and its predecessor companies, and ultimately was
named managing director of chemicals investment banking.
Kevin Longe, president, CEO and director of DMC,
said, “Ruth is an accomplished and respected executive who brings
relevant financial and industry expertise to the DMC board. We are
delighted she has accepted this appointment and look forward to her
perspective and input.”
Ms. Dreessen said, “I am very pleased to be
appointed to DMC Global’s board and look forward to working with
its directors and management. I believe that my background and
experience will allow me to make a positive contribution as a
director.”
Ms. Dreessen received her undergraduate degree
from the New College of Florida and holds a master’s degree in
International Affairs from Columbia University.
Ms. Dreessen’s election to the DMC Board
precedes the anticipated retirement of director Yvon P. Cariou, who
does not plan to stand for reelection at the Company’s annual
meeting in May 2021.
DMC has established a mandatory director retirement age of 75.
Mr. Cariou and the rest of the board have been proactive in
establishing governance policies and succession planning.
About DMC
GlobalDMC Global is a diversified holding company.
Our innovative businesses provide differentiated products and
services to niche industrial and commercial markets around the
world. DMC’s objective is to identify well-run businesses and
strong management teams and support them with long-term capital and
strategic, legal, technology and operating resources. Our approach
helps our portfolio companies grow core businesses, launch new
initiatives, upgrade technologies and systems to support their
long-term strategy, and make acquisitions that improve their
competitive positions and expand their markets. DMC’s culture is to
foster local innovation versus centralized control, and stand
behind our businesses in ways that truly add value. Today, DMC’s
portfolio consists of DynaEnergetics and NobelClad, which
collectively address the energy, industrial processing and
transportation markets. Based in Broomfield, Colorado, DMC trades
on Nasdaq under the symbol “BOOM.” For more information, visit the
Company’s website at: http://www.dmcglobal.com
CONTACT:Geoff HighVice
President of Investor Relations303-604-3924
DMC Global (NASDAQ:BOOM)
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