This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

PMFG, Inc. (Parent Of Peerless Mfg. Co.) Announces Changes To Its Manufacturing And Supply Chain Leadership

DALLAS, July 10, 2014 (GLOBE NEWSWIRE) -- PMFG, Inc. (the "Company") (Nasdaq:PMFG) today announced that Steve LeFavour will become Director, Americas Manufacturing and Supply Chain. Mr. LeFavour joined the Company in August 2011 with over 30 years of experience in heavy manufacturing and nuclear submarine construction and overhaul. Mr. LeFavour has played a critical role in recruiting and aligning the Company's Quality Assurance team, as well as designing and implementing processes to serve the increasing demands of our customers and the markets we pursue. Mr. LeFavour will be responsible for leading and improving the efficiency and effectiveness of the Company's manufacturing and supply chain organization in the Americas region. Mr. LeFavour replaces the former Vice President of Manufacturing and Supply Chain, who has elected to pursue opportunities outside of the Company.

Peter Burlage, President and Chief Executive Officer, commented, "The Company's net bookings in the Americas region have increased over 20 percent in the fiscal year ending June 28, 2014 when compared to the prior year. Ensuring that our manufacturing and supply chain operations are both efficient and effective will be critical as we work through the projects currently in backlog, as well as respond to the complexities that result from higher relative fabrication of environmental systems and nuclear-related projects. Mr. LeFavour's process-focused orientation and experience in leading complex manufacturing operations will be critical in streamlining the manufacturing and supply chain operations and addressing the activities contributing to the manufacturing inefficiencies and project overruns experienced following the consolidation of the Company's U.S. manufacturing operations."

Mr. Burlage continued, "We are also making progress in replacing our recently retired Board member, Sherrill Stone. We have engaged an executive search firm to help our efforts to find a strong, well-qualified, independent director. We have tremendous growth opportunities and operational challenges in front of us and we are dedicated to building the best leadership team possible to move the Company forward in a way that maximizes benefits for our stockholders, employees and customers."

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community


Chart of I:DJI
DOW 16,528.03 -114.98 -0.69%
S&P 500 1,972.18 -16.69 -0.84%
NASDAQ 4,776.5080 -51.8170 -1.07%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs