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DALLAS, Dec. 17, 2013 (GLOBE NEWSWIRE) -- PMFG, Inc. (the "Company") (Nasdaq:PMFG) today announced that Sherrill Stone, Chairman of the Board of Directors, will retire from the Board on January 15, 2014.
Mr. Stone's retirement will mark his 52nd anniversary with the Company. A skilled engineer well known in the industry, Mr. Stone helped develop several of the processes and products that have made Peerless synonymous with excellence in engineered solutions.
Mr. Stone has held several leadership positions at the Company, including Chief Executive Officer, Chief Operating Officer and President. He served as the Company's Chief Executive Officer from 1993 until 2006. He has served on the Board since 1986 and as Chairman of the Board since 1993. In many ways a transformational figure, Mr. Stone was the first person to serve as the Company's Chief Executive Officer that was not a family member of the Company's founder.
"During his 52 years with the Company, Mr. Stone's contributions to the Company's success cannot be overstated. As Chairman of the Board, he has helped position the Company for future growth, both domestically and through our increasingly strong international footprint. On behalf of the Board of Directors, the Company, our employees and retirees, I want to thank Sherrill for the remarkable contributions he made during his five decades of service to the Company. We wish him the best in his well-deserved retirement," said Peter Burlage, the Company's President, and Chief Executive Officer.
PMFG is a leading provider of custom-engineered systems and products designed to help ensure that the delivery of energy is safe, efficient and clean. PMFG primarily serves the markets for power generation, natural gas infrastructure and petrochemical processing. Headquartered in Dallas, Texas, PMFG markets its systems and products worldwide.
CONTACT: For Further Information Contact:
Mr. Peter J. Burlage, Chief Executive Officer
Mr. Ronald L. McCrummen, Chief Financial Officer
14651 North Dallas Parkway, Suite 500
Dallas, Texas 75254
Phone: (214) 357-6181
Fax: (214) 351-4172
The Blueshirt Group
Managing Director, Energy Technology Practice