Met-Pro Corporation Announces Separation of Chairman and CEO Roles
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160 Cassell Rd., P.O. Box 144
Harleysville, PA, 19438 0144
Press release date: November 13, 2012
Harleysville, PA - Met-Pro Corporation (NYSE: MPR-News), announced today the separation of the positions of Chairman of the Board and Chief Executive Officer. George H. Glatfelter II, the Board's lead director, has been elected Chairman of the Board, a non-executive position, by the Company's Board of Directors. Raymond J. De Hont, who has held both positions of Chairman and Chief Executive Officer since 2003, will continue to serve as President and Chief Executive Officer of the Company and as a director.
"Separating the roles of Chairman and Chief Executive Officer is consistent with today's corporate governance best practices, and is certainly appropriate for Met-Pro Corporation as we continue to position the Company for long-term success," said De Hont. "This action will allow me to devote all of my energy and attention to the leadership and management of the Company, including driving our growth and profitability initiatives. I look forward to continuing to work with our Board to capitalize on the tremendous opportunities that lie before us."
Mr. Glatfelter, who has served on Met-Pro Corporation's Board since May 2004, and as its lead director since August 31, 2011, is the retired Chairman of the Board of P.H. Glatfelter Company (NYSE: GLT). Mr. Glatfelter was elected Chairman of Met-Pro Corporation's Board for a term ending with the meeting of the Board of Directors immediately following the 2013 Annual Meeting of Shareholders, at which time the Board shall select its Chairman for the ensuing year. He is currently Chairman of the Company's Corporate Governance and Nominating Committee and a member of its Compensation and Management Development Committee.
Met-Pro Corporation, with headquarters at 160 Cassell Road, Harleysville, Pennsylvania, is a leading niche-oriented global provider of product recovery, pollution control, fluid handling and filtration solutions. The Company's diverse and synergistic solutions and products address the world's growing need for clean air and water, reduced energy consumption and improved operating efficiencies. Through its global sales organization, internationally recognized brands, and operations in North America, South America, Europe and The People's Republic of China, Met-Pro's solutions, products and systems are sold to a well-diversified cross-section of customers and markets around the world. For more information, please visit www.met-pro.com.