COVOL Technologies Inc. announces Stan Kimball as new chief financial officer and a director on its board.LEHI, Utah--(BUSINESS WIRE)--Dec. 23, 1996--Covol Technologies Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:CVOL CVOL Control Volume ) Monday announced that Stanley M. Kimball, formerly of Huntsman Corp., has been hired as Covol's chief financial officer. Kimball replaces Brent M. Cook as CFO See Chief Financial Officer. . Cook was recently promoted to president and chief executive officer by Covol's board of directors. Kimball, a certified public accountant Certified Public Accountant (CPA) An accountant who has met certain standards, including experience, age, and licensing, and passed exams in a particular state. , is resigning his position as vice president of administration and chief of staff at Huntsman Corp. Kimball has extensive experience in the area of tax and tax accounting. In 1980 he received a master's degree in accounting from Brigham Young University Brigham Young University, at Provo, Utah; Latter-Day Saints; coeducational; opened as an academy in 1875 and became a university in 1903. It is noted for its law and business schools. . Between 1980 and 1989, Kimball worked for Arthur Anderson & Co., first in Salt Lake City and then as a Full Partner in Baltimore, Md. Kimball joined Huntsman Chemical in 1989 as director of tax and was later promoted to vice president of tax for the corporation. In July of 1995 Kimball was named vice president of administration and chief of staff for Huntsman Corp. Kimball stated, "I am pleased and excited to be joining the management team and board of directors at Covol Technologies. Covol is an emerging company with great market potential for its proprietary technologies." Cook, Covol's 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. , also stated, "The addition of Mr. Kimball is necessary for Covol to realize its full potential. Mr. Kimball is an exceptional addition to Covol's management team. Mr. Kimball's experience and reputation at Huntsman Chemical and his background as a CPA (Computer Press Association, Landing, NJ) An earlier membership organization founded in 1983 that promoted excellence in computer journalism. Its annual awards honored outstanding examples in print, broadcast and electronic media. The CPA disbanded in 2000. will be extremely valuable to him as he assumes his role as Covol's chief financial officer. "Covol has been through a 'metamorphosis' over the past several months, and we will continue to change as we grow. As president, I am committed to directing the change in order that the company successfully meets the challenges of the future. Expanding and changing Covol's management team is part of what is required in order to address the future. Covol's future has never looked better than it does today." Covol Technologies Inc. is a technology development company focused on recycling yesterday's waste into tomorrow's resources. CONTACT: Covol Technologies Inc., Lehi Alan Ayers, 801/768-4481; fax 801/768-4483 |
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