American Pacific Corporation Announces Director Retirements
LAS VEGAS, Dec. 17, 2012 /PRNewswire/ -- American Pacific Corporation ("AMPAC" or the "Company") (NASDAQ: APFC) today announced the decisions of Fred D. Gibson, Jr. ("Ted"), Jane L. Williams ("Beth"), and Dean M. Willard, to retire from the AMPAC Board of Directors. Ms. Williams and Mr. Gibson are stepping down at the time of the next AMPAC Annual Meeting in March; Mr. Willard's retirement from the Board is effective on December 31, 2012. Mr. Gibson has served on the Company's Board since 1985, including as Chairman of the AMPAC Board until March 1998. Ms. Williams has served on the AMPAC board since 1993 and Mr. Willard has been a director of the Company since 1997.
John R. Gibson, Chairman of the Board of the Company, said, "On behalf of the entire American Pacific Board, I want to extend our gratitude to Ted, Beth and Dean for their invaluable insight and years of dedicated service to the Company.
Mr. Gibson continued, "Ted's deep knowledge of AMPAC's business established during his time as Chairman and CEO, as well as his scientific acumen, thoughtful judgment and astute industry perspective, has been instrumental in the successful development and execution of American Pacific's strategy over time. He added, "The Board has benefitted greatly from Beth's special knowledge as an entrepreneur, international business development experience and insight, and her practical and effective approach to planning and management of our Company as it evolved. Dean's proven ability to evaluate businesses and develop strategic initiatives to improve them, and his strong financial and business analysis capabilities have made him a vital contributor to the growth of the Company, and particularly the successful acquisitions and divestitures AMPAC has completed during his time here. Their collective expertise and contributions to AMPAC have been of tremendous value to the Company and its shareholders, and we wish them all the best in their future endeavors."
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