Robert Cohen Appointed to Dynamic Materials Corporation's Board of Directors
February 15 2011 - 8:00AM
Marketwired
Dynamic Materials Corporation (DMC) (NASDAQ: BOOM), the world's
leading provider of explosion-welded clad metal plates, today
announced that its board of directors has appointed Robert A. Cohen
as an independent director. The addition of Cohen expands DMC's
board to eight directors, six of whom are independent.
Cohen, 62, is managing partner of Joranel LLC, a private
investment advisory firm serving institutional clients. Prior to
joining Joranel in 2005, Cohen spent four years as president and
CEO of Korea First Bank where he directed a turnaround effort of
the 400-branch corporate and retail lender. Under Cohen's
direction, Korea First Bank's non-performing loan ratio was reduced
to the lowest among Korean banks, while the number of loans in its
portfolio tripled. The Bank was acquired in 2005 by Standard
Chartered.
Previously, Cohen spent 25 years with Credit Lyonnais, including
eight years as CEO of Credit Lyonnais USA. He taught economics and
finance during his 16 years at the Paris Institut Technique de
Banque et Finance and the French School of Management (ESSEC). He
is a graduate of Ecole Polytechnique in Paris, and earned a
doctorate in finance from the University Paris Dauphine.
Dean Allen, DMC's chairman, said, "Robert brings added insight
and experience to DMC's seasoned board. His extensive work in
international finance will be particularly valuable as we continue
to explore a range of global growth opportunities."
About Dynamic Materials Corporation Based
in Boulder, Colorado, Dynamic Materials Corporation is a leading
international metalworking company. Its products, which are
typically used in industrial capital projects, include
explosion-welded clad metal plates and other metal fabrications for
use in a variety of industries, including oil and gas,
petrochemicals, alternative energy, hydrometallurgy, aluminum
production, shipbuilding, power generation, industrial
refrigeration and similar industries. The Company operates three
business segments: Explosive Metalworking, which uses proprietary
explosive processes to fuse different metals and alloys; Oilfield
Products, which manufactures, markets and sells oilfield
perforating equipment and explosives; and AMK Welding, which
utilizes various technologies to weld components for use in
power-generation turbines, as well as commercial and military jet
engines. For more information, visit the Company's websites at:
http://www.dynamicmaterials.com and
http://www.dynaenergetics.de.
CONTACT: Pfeiffer High Investor Relations, Inc. Geoff High
303-393-7044
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