DMC Board of Directors Names New Chairman
15 June 2004 - 7:00AM
PR Newswire (US)
DMC Board of Directors Names New Chairman BOULDER, Colo., June 14
/PRNewswire-FirstCall/ -- Dynamic Materials Corporation,
(NASDAQ:BOOM), "DMC", today reported that the Company's Board of
Directors named Michel Nicolas as its new Chairman of the Board at
a meeting held on Thursday, June 10. Mr. Nicolas was recently named
to the positions of Executive Vice President, Chemicals for Groupe
SNPE and Chairman and CEO of Nobel Explosifs France, a Groupe SNPE
subsidiary engaged in the manufacture and sale of industrial
explosives. Nicolas replaces Bernard Fontana who resigned as DMC's
chairman and as a DMC director in connection with the assumption of
new responsibilities within Groupe SNPE. Michel Nicolas has spent
most of his career with Groupe SNPE and, from 1996 until his latest
appointment, was Senior Vice President, Industrial Affairs and
Development. Groupe SNPE owns a 54% interest in DMC through a U.S.
subsidiary, SNPE, Inc. DMC's annual meeting of stockholders was
also held on June 10. At this meeting, DMC stockholders re-elected
the following seven incumbent directors to serve as directors until
the 2005 annual stockholders meeting: Mr. Dean K. Allen, Dr. George
W. Morgenthaler, Mr. Gerard Munera, Mr. Bernard Hueber, Mr.
Francois Schwartz, Mr. Bernard Fontana and Mr. Jacques Loppion. At
the Board of Directors meeting that followed the annual
stockholders' meeting, both Mr. Fontana and Mr. Loppion resigned as
DMC directors. Mr. Loppion, who retired as Chairman and CEO of
Groupe SNPE in May, resigned for personal reasons. The Board has
named Mr. Yves Charvin to fill the vacant Board seat that resulted
from Mr. Loppion's resignation. Mr. Charvin is Legal Counsel for
Groupe SNPE and previously served on the DMC Board from September
2002 through December 2003. Additionally, at the June 10 Board of
Directors meeting, the Board re-elected the following officers to
continue in their current positions: Yvon Cariou, President and
Chief Executive Officer, Richard A. Santa, Vice President, Chief
Financial Officer and Secretary, and John G. Banker, Vice
President, Sales and Marketing, Clad Metal Division. Based in
Boulder, Colorado, Dynamic Materials Corporation is a leading
metalworking company, and its products include explosion bonded
clad metal plates and other metal fabrications for the
petrochemical, chemical processing, power generation, commercial
aircraft, defense and a variety of other industries. For more
information on Dynamic Materials Corporation visit the Company's
web site at http://www.dynamicmaterials.com/. DATASOURCE: Dynamic
Materials Corporation CONTACT: Richard A. Santa, Vice President and
Chief Financial Officer of Dynamic Materials Corporation,
+1-303-604-3938 Web site: http://www.dynamicmaterials.com/
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