American Vanguard Forms New Subsidiary in Switzerland; Appoints 30-Year Industry Veteran to Head New Operations.NEWPORT BEACH Newport Beach, residential and resort city (1990 pop. 66,643), Orange co., S Calif., on Newport Bay and the Pacific Ocean; inc. 1906. It is a popular seaside resort and yachting center. Manufactures include electrical and medical equipment, computers, boats, and adhesives. , Calif. -- American Vanguard Corporation (AMEX AMEX See: American Stock Exchange :AVD AvD Automobilclub von Deutschland (German automobile club) AVD Academy of Veterinary Dentistry AVD Audio Video Design (Melbourne, FL) AVD Audio Video Data AVD Association des Volontaires pour le Développement ) has expanded its international operations with the formation of a new subsidiary, AMVAC Switzerland GmbH and the opening of a new office in Basel, Switzerland. The Company formed the new subsidiary to expand its resources dedicated to non-US opportunities, primarily in the EU. The Company appointed Vincent J. Pascarelli as Director of International Business Development and Managing Director to head the new operation in Switzerland. Mr. Pascarelli brings to AMVAC broad capabilities with over 30 years experience in the global agricultural and specialty chemicals industry, particularly versed in international business development, strategic planning and global brand management. Prior to joining American Vanguard, from 2000 - 2005, Mr. Pascarelli was Business Development Manager at Syngenta's global headquarters in Basel, where he managed various M&A and divestment projects in Asia, Europe, Latin America and NAFTA NAFTA in full North American Free Trade Agreement Trade pact signed by Canada, the U.S., and Mexico in 1992, which took effect in 1994. Inspired by the success of the European Community in reducing trade barriers among its members, NAFTA created the world's . From 1998 - 2000, he led Strategic Planning at AstraZeneca's NAFTA headquarters in Wilmington, DE where he managed the development of the company's North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. Strategic Plan, as well as divestments and licensing activities. From 1974 - 1998, Mr. Pascarelli held various managerial and operational positions in functions ranging from Manufacturing to Sales & Marketing at ISK ISK In currencies, this is the abbreviation for the Iceland Krona. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. Biosciences. Mr. Pascarelli received his Bachelor of Science in Engineering Noun 1. Bachelor of Science in Engineering - a bachelor's degree in engineering bachelor's degree, baccalaureate - an academic degree conferred on someone who has successfully completed undergraduate studies from Louisiana State University Louisiana State University and Agricultural and Mechanical College, generally known as Louisiana State University or LSU, is a public, coeducational university located in Baton Rouge, Louisiana and the main campus of the Louisiana State University System. and his MBA MBA abbr. Master of Business Administration Noun 1. MBA - a master's degree in business Master in Business, Master in Business Administration from the University of Houston. He also completed Executive Programs in Corporate Strategy at M.I.T's Sloan Business School and Strategic Marketing Management at Columbia University. Eric Wintemute, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of American Vanguard, stated, "Europe is a key region for American Vanguard's business expansion, and we are pleased to have somebody as experienced as Vince join AMVAC to lead our new subsidiary. This new operation will complement our office in the United Kingdom by enhancing our international presence, and will broaden our business development capabilities as we look to capitalize on the growth opportunities in the EU and beyond." About American Vanguard American Vanguard Corporation is a diversified specialty and agricultural products company that develops and markets products for crop protection and management, turf and ornamentals management and public and animal health. The Company's basic strategy is to acquire brand name, niche product lines from larger companies that divest mature products to focus on newly discovered molecules. During 2005, American Vanguard was recognized as one of BusinessWeek's Hot Growth Companies (#72), FORTUNE Small Business' America's 100 Fastest Growing Small Companies (#40) and Forbes' 200 Best Small Companies (#59). 2005 marks the third consecutive year American Vanguard has been included on these three lists - the only company to hold this honor. American Vanguard is included on the Russell 2000(R) and Russell(R) 3000 Indexes. To learn more about American Vanguard, please reference the Company's web site at www.american-vanguard.com. The Company, from time to time, may discuss forward-looking information. Except for the historical information contained in this release, all forward-looking statements are estimates by the Company's management and are subject to various risks and uncertainties that may cause results to differ from management's current expectations. Such factors include weather conditions, changes in regulatory policy and other risks as detailed from time-to-time in the Company's SEC reports and filings. All forward-looking statements, if any, in this release represent the Company's judgment as of the date of this release. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion