Mercury Air Group Names Unocal Veteran Robert Schlax Vice President of Finance.Business Editors LOS ANGELES--(BUSINESS WIRE)--Feb. 27, 2002 Mercury Air Group, Inc. (AMEX/PCX: MAX) announced today that it has named Robert Schlax, a Unocal Corporation Union Oil Company of California, dba Unocal is a defunct company that was a major petroleum explorer and marketer beginning in the late 19th century, through the 20th century and into the early 21st century. (NYSE NYSE See: New York Stock Exchange :UCL UCL University College London UCL Université Catholique de Louvain UCL UEFA Champions League UCL Upper Confidence Limit UCL University of Central Lancashire UCL Upper Control Limit UCL Unfair Competition Law UCL Ulnar Collateral Ligament ) veteran as Vice President of Finance. Schlax will be responsible for the day-to-day financial oversight of Mercury Air Group, Inc. and all of its subsidiaries and divisions. Schlax brings 24 years of experience from Unocal in key positions of increasing responsibility. Schlax will report to Mercury'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. Joseph A. Czyzyk. While at Unocal, Schlax has served as: Controller of 76 Products Company (where he was responsible for the financial and management accounting functions for the Refining and Marketing business unit with annual revenues of $5.8 billion); Assistant Controller of Unocal Corporation and Controller of its Diversified Business Group (where he developed and implemented key financial and operating performance measures for each of the company's business units); and as General Manager, Planning and Finance for Unocal's Agricultural Products Division. "We are extremely pleased to have attracted someone of Bob's caliber after an extensive search," said Czyzyk, adding, "he brings a broad array of skills that will be critical as we grow Mercury's into more focused and core businesses over the coming years." "These are exciting times for Mercury and I am looking forward to utilizing my leadership and technical skills in the continued development and implementation of our key strategies," said Schlax. Schlax replaces Randolph Ajer, Mercury's former Chief Financial Officer who will be continuing his career outside of the Company. About Mercury Air Group Named one of Forbes magazine's "200 Best Small Companies in America," Los Angeles-based Mercury Air Group (AMEX AMEX See: American Stock Exchange : MAX) provides aviation petroleum products, air cargo air cargo: see aviation. services and transportation, and support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services for business aviation, international and domestic commercial airlines, general and government aircraft and contract services for the United States government. Mercury Air Group operates four business segments worldwide: Mercury Air Centers, Mercury Fuel, Maytag Aircraft Corporation and Mercury Air Cargo, Inc. For more information, please visit www.mercuryairgroup.com. Statements contained in this news release, which are not historical facts, are forward looking statements as that item is defined in the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Such forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from estimated results. Such risk and uncertainties are detailed in the Company's filing with the Securities and Exchange Commission. |
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