LaPolla Board of Directors Appoint New Officers for Coming Year
July 12 2006 - 12:14PM
PR Newswire (US)
Incumbent Board of Directors Re-Elected HOUSTON, July 12
/PRNewswire-FirstCall/ -- LaPolla Industries, Inc. ("LaPolla" or
the "Company") (AMEX:LPA), today announced the re-election of the
incumbent slate of directors at the Annual Meeting of Stockholders
and appointment of new officers for the coming year. Richard J.
Kurtz, Chairman of the Board stated, "Our new direction has gained
incredible momentum. During the course of our realignment, we have
created a stronger team capable of addressing the growing acrylic
coating and foam markets as well as the perimeter wall foam markets
on a national basis. I am very pleased to have the extensive sales,
operational, and financial management experience shared among
LaPolla's executive management team and its employees." Mr. Kurtz
went on to say, "LaPolla is committed to attracting the best
management talent and expertise available and to positioning our
existing leaders where they can have the greatest impact as we work
toward our goal to be the leader in our industry in coating and
foam lines. These appointments reflect that commitment in action."
The Company's returning four member Board of Directors, re-elected
for 2006-2007, include: Richard J. Kurtz, Chairman: Mr. Kurtz is
chief executive officer of the Kamson Corporation, a privately
held, owner and operator of investment properties in the
Northeastern U.S., headquartered in Englewood Cliffs, NJ. He has
been a member of the board of directors of LaPolla since November
1998. Lt. Gen. Arthur J. Gregg, US Army (Ret.), Director: Lt. Gen.
Gregg has more than fifty-six years of military and business
experience leading to success new businesses and turn around
situations. He has been a member of the board of directors of
LaPolla since February 2000. Gilbert M. Cohen, Director: Mr. Cohen
has more than forty-one years experience in business and financial
management, most notably as co- founder, chief financial officer,
and treasurer of the Kamson Corporation. He has been a member of
the board of directors of LaPolla since November 2004. Michael T.
Adams, Director: Mr. Adams has more than ten years experience with
LaPolla and its former subsidiaries, employed in various officer
and executive positions, most recently serving as interim chief
executive officer since January 2005. Mr. Adams has been a member
of the board of directors of LaPolla since December 2004. The Board
elected and confirmed the appointments of the following officers of
LaPolla Industries, Inc.: Douglas J. Kramer, Chief Executive
Officer and President: Mr. Kramer joined the Company in February
2005 as president and chief operating officer and was named Chief
Executive Officer and President in July 2006. Prior to joining
LaPolla, Mr. Kramer worked with Foam Enterprises, Inc., a
wholly-owned subsidiary of the BASF Corporation, from 1997 to 2004.
Mr. Kramer began his career with Foam Enterprises as western
regional sales manager and concluded his employment there prior to
joining LaPolla as vice president of construction products. Mr.
Kramer has a background in Liberal Arts from Penn State University
and the University of Texas. John A. Campbell, Chief Financial
Officer and Treasurer: Mr. Campbell joined the Company in September
2005 as controller and was named Chief Financial Officer and
Treasurer in February 2006. He was chief financial officer of JEMS
Geriatric Services, Inc. from 2003 to 2005 and served as controller
for Sharps Compliance Corporation from 2001 to 2003. Mr. Campbell
has a bachelor of science degree in accounting from Stephen F.
Austin University and a master of science degree in business
administration from the University of Phoenix. Michael T. Adams,
Chief Governance Officer, Executive Vice President, and Secretary:
Mr. Adams was appointed interim chief executive officer in January
2005 and was named Chief Governance Officer, Executive Vice
President, and Secretary in July 2006. During his more than ten
years with LaPolla, Mr. Adams has served as president from 2003 to
2005, executive vice president and corporate secretary from 1999 to
2003, and has held various officer positions in the Company's
former subsidiaries since he first joined the Company in 1997. Mr.
Adams has a bachelor of science degree in business administration,
a master of science degree in business administration, and a juris
doctor degree from Nova Southeastern University. About LaPolla
Industries, Inc. LaPolla Industries, Inc. is a national
manufacturer and distributor focused on several basic segments:
Coatings, Foam, Paints, Sealants, Adhesives, Equipment, and All
Other. Within these business segments, LaPolla has invested
resources in a variety of products targeting commercial and
industrial and residential applications in the roofing,
construction and paint industries. For more information on LaPolla
visit http://www.lapollaindustries.com/. For more information,
financial analysts, investors and press only: Suzanne M. McLeod
Director of Investor Relations (281) 219-4700 (t) (281) 219-4701
(f) Company Contacts: Douglas J. Kramer, CEO John A. Campbell, CFO
Michael T. Adams, CGO (281) 219-4700 (t) (281) 219-4701 (f)
Website: http://www.lapollaindustries.com/ DATASOURCE: LaPolla
Industries, Inc. CONTACT: Suzanne M. McLeod, Director of Investor
Relations, , or Douglas J. Kramer, CEO, or John A. Campbell, CFO,
or Michael T. Adams, CGO, all of LaPolla Industries, Inc.,
+1-281-219-4700, Fax: +1-281-219-4701 Web site:
http://www.lapollaindustries.com/
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