Aep Industries Inc. Appoints John Powers To Board Of Directors
The following excerpt is from the company's SEC filing
South Hackensack, NJ, November 6, 2013 - AEP Industries Inc. (Nasdaq: AEPI, the Company or AEP) today announced that John J.
Powers, 49, the Companys Executive Vice President, Sales and Marketing, was appointed to the Board of Directors effective November 1, 2013 by the Board. Mr. Powers replaces Lawrence R. Larry Noll, who voluntarily resigned
from the Board on such date after 19 years of service.
Mr. Powers will fulfill the remaining portion of Mr. Nolls current director term,
which will expire at the Companys 2014 annual meeting of stockholders. Following such appointment and resignation, the AEP Board of Directors will continue to comprise nine members, six of whom are independent.
We appreciate all of Larrys contributions to the Board over nearly two decades of service, and look forward to continuing our relationship with
him through his role as AEPs Vice President Tax and Administration, said Brendan Barba, Chairman, President and Chief Executive Officer of the Company. Larry has overseen tremendous growth and share price appreciation over the
years, and we respect his decision to step down from the Board at this time following such a track record. On behalf of the Board, we thank him for his service.
Looking ahead, we believe John will contribute significant value and provide additional operational perspective to the Board. He has been an integral
part of the AEP team for nearly 25 years, and his service on the Board will add a new level of depth to his knowledge of the Company and leadership capabilities. AEP remains well positioned in the current market, and we look forward to continuing to
enhance value for stockholders, concluded Mr. Barba.
Mr. Powers serves as the Companys Executive Vice President, Sales and
Marketing and has held this position since March 1996, and prior to that, he was Vice President-Custom Film Division since 1993. He has held various other sales positions with the Company since 1989. Mr. Powers is the son-in-law of J. Brendan
Barba, the Companys Chairman of the Board, President and Chief Executive Officer.
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.
The above information was disclosed in a filing to the SEC. To see this filing in its entirety, click here.
To receive a free e-mail notification whenever AEP Industries Inc.
makes a similar move, sign up!