American Eco Corporation Appoints New CFO.HOUSTON--(BUSINESS WIRE)--Sept. 24, 1998--In a move emphasizing its desire to strengthen its operating and executive team, the Board of Directors of American Eco Corporation (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :ECGOF, TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :ECX ECX European Climate Exchange ECX E-Commerce Exchange ECX eCatalog XML ECX Extended Count Register ECX Electronically Controlled Telephone Exchange ECX Extrusion-Cast Explosive (fine-grain) ECX Experimental Concentration - Percent ) announced today that they have appointed Mitchell Posner to the position of Executive Vice President, Chief Financial Officer and Director of Corporate Development. Mr. Posner joins American Eco from the investment banking firm of Legg Mason Wood Walker where he was Managing Director of the Industrial and Capital Goods Capital Goods Any goods used by an organization to produce other goods. Notes: Examples of capital goods include office buildings, equipment, and machinery. See also: Capital Expenditure, Disinvestment Capital goods sector. In that capacity, his focus was on finance, mergers and acquisitions and enhancement of shareholder value advising numerous Fortune 1000 companies Commenting on the appointment, Frank Fradella, President of American Eco stated, "This appointment is integral to our previously announced program to improve our financial controls and reporting. Executing our strategic plan necessitates a transaction specialist who has broad experience in the capital markets and corporate development. Along with financial and legal expertise, Mitch brings these talents to American Eco." Mr. Posner is a graduate of Temple University, Rutgers Law School, and is a member of the Pennsylvania Bar. American Eco will release its earnings statement on Friday, October 2 as scheduled. Mitchell Posner replaces Bruce Tobecksen who is leaving the Company to pursue other interests. Mr. Tobecksen will remain available during the transition. American Eco is a leading North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. provider of single-source industrial support and specialty fabrication fabrication (fab´rikā´sh  n),n the construction or making of a restoration. services in the energy, pulp & paper, and power generating industries. |
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