CPI Aerostructures, Inc. (CPI Aero
) (NYSE MKT: CVU) today announced that it has named Michael Faber to its Board of Directors, enlarging the Board to six members.
Mr. Faber is a corporate executive, family office advisor, and attorney with over 20 years of experience investing in, operating and advising both large multi-national and emerging growth companies in a variety of industries. Currently, Mr. Faber is chief executive officer of NextPoint Management Company, Inc., an investment and strategic advisory firm, advising family offices on a variety of issues, including family office management, asset manager selection and oversight, direct investing and trust and estates. Additionally, Mr. Faber currently serves as a senior advisor to a family office with more than $2 billion in assets, and as a senior advisor to Akerman Senterfitt, a national law firm with more than 550 attorneys.
From 1990 to 2008, Mr. Faber was a General Partner of the NextPoint and Walnut family of investment funds, focusing on private equity, venture capital and structured investments, where he managed three funds and invested in more than 90 companies. Previously, Mr. Faber was of counsel to the law firm of Mintz Levin, an attorney with the law firm of Arnold & Porter, and a senior consultant to The Research Council of Washington, the predecessor to The Corporate Executive Board Company. During his career Mr. Faber has served on audit and compensation committees for a number of companies.
Mr. Faber is an honors graduate and John M. Olin Fellow of the University of Chicago Law School and attended Johns Hopkins University and the State University of New York.
Edward Fred, President and CEO of CPI Aero, stated, “We are very pleased to have Michael join our Board. We believe that his extensive experience in finance, advising numerous growth businesses and corporate law will greatly benefit CPI Aero and will be extremely valuable to us as we pursue the continued growth of our business. We look forward to benefiting from his counsel.”