Versar, Inc. (NYSE Amex: VSR) announced that Ms. Ruth I. Dreessen was elected to its Board of Directors at the company’s Annual Meeting held on November 17, 2010.
Ms. Dreessen is a Managing Director of Lion Chemical Capital, a Private Equity firm based in Houston, Texas, that invests in the chemical products industry. Prior to joining Lion Chemical Capital, Ms. Dreessen was the Chief Financial Officer for the TPC Group and for Westlake Chemical Corporation, where she was responsible for all financial and strategic activities including finance & accounting, treasury, investor relations, and strategic planning & analysis. Previously, Ms. Dreessen was a Managing Director in JP Morgan Chase & Company’s Global Chemicals Group, where she helped develop the firm’s chemicals investment banking practice. Ms. Dreessen has a Bachelors Degree from the New College of Florida and a Masters Degree in International Affairs from Columbia University in New York.
Tony Otten, CEO of Versar, said, “The Versar Board and I are very pleased to have Ruth join our slate of Directors. Ruth brings valuable public company and investment banking experience to Versar which will greatly aid in our growth and development.”
VERSAR, INC., headquartered in Springfield, VA, is a publicly held global project management company providing sustainable solutions to government and commercial clients in construction management, environmental services, munitions response, telecommunications and energy. VERSAR operates a number of web sites, including the corporate Web sites, www.versar.com, www.homelanddefense.com, www.geomet.com; www.viap.com; www.dtaps.com; www.adventenv.com, and www.ppsgb.com.This press release contains forward-looking information. The forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be significantly impacted by certain risks and uncertainties described herein and in Versar’s Annual Report on Form 10-K filed with the Securities and Exchange Commission for the year ended June 25, 2010, as updated from time to time in the Company’s periodic filings. The forward-looking statements are made as of the date hereof and Versar does not undertake to update its forward-looking statements.