PORTLAND, Ore.--(BUSINESS WIRE)--Erickson Incorporated (NASDAQ:EAC), a leading global provider of aviation services, today announced changes to the composition of its board of directors that it believes strengthen its governance and reinforce its commitment to independence.
Gary Scott, a director of the Company since 2012, has been appointed Chairman of the Board, succeeding Quinn Morgan, who remains a member of the Board.
Jeff Roberts, recently retained as the Company’s new Chief Executive Officer, effective April 1, 2015 will also join the Company’s Board of Directors and fill the vacancy created by Mr. Reider’s previously announced, planned departure.
Kenneth Lau has resigned from the board of directors, creating a second vacancy and preserves the Board’s independent status under NASDAQ compliance regulations as the Company proceeds with its recruitment of well-qualified new candidates.
Mr. Scott, Erickson’s incoming Chairman of the Board, commented, “We are pleased to take this opportunity to reconstitute and refresh our board of directors and to reinforce our commitment to independent governance. I am honored to assume the role of Chairman and would like to express, on behalf of the entire board, our confidence that we will chart and navigate an effective strategic course forward during this key stage of growth and diversification for our Company.”
Erickson is a leading global provider of aviation services specializing in oil and gas, government services, legacy aircraft MRO and manufacturing, and commercial services such as firefighting, HVAC, power line, specialty, construction, and timber harvesting. Erickson operates a fleet of 86 rotary-wing (light, medium, and heavy) and fixed-wing aircraft, including 20 heavy-lift S-64 Aircranes. Founded in 1971, Erickson is headquartered in Portland, Oregon, USA, and maintains operations in North America, South America, Europe, the Middle East, Africa, Asia Pacific, and Australia. For more information, please visit www.ericksonaviation.com.
This press release contains certain statements relating to future results (including, without limitation, “believe,” “may,” “estimate,” “continue,” “anticipate,” “intend,” “plan,” “expect,” “predict”), which are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on beliefs of Company management, as well as assumptions and estimates based on information currently available to the Company, and are subject to certain risks and uncertainties that could cause actual results to differ materially from historical results or those anticipated, including our inability to successfully execute on our business restructuring goals and also including certain other risks or uncertainties more fully described under the heading “Risk Factors” in our most recently filed Annual Report on Form 10-K as well as in the other reports we file with the SEC from time to time, which are available at the SEC’s web site located at http://www.sec.gov. You should not place undue reliance on any forward-looking statements. The Company assumes no obligation to update any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events.