RCM Technologies Adds Two Directors to Board
GlobeNewswire 2010-03-10
PENNSAUKEN, N.J., March 10, 2010 (GLOBE NEWSWIRE) -- RCM Technologies,
Inc. (Nasdaq:RCMT) today announced the election of S. Gary Snodgrass as
a Class "C" Director and Richard D. Machon as a Class "A" Director to
its Board of Directors.
Mr. Snodgrass is a senior management executive with a substantial
background in corporate strategy and organizational structure,
including mergers and acquisitions, financial and operational
performance, and compensation and incentive programs. He was most
recently employed by Exelon Corporation as Executive Vice President in
addition to other senior management positions. Prior to joining Exelon,
Mr. Snodgrass worked for USG Corporation as Vice President of Human
Resources. He is a graduate of Western Kentucky University and the
Keller Graduate School of Management.
Mr. Machon possesses extensive executive-level experience in the
utility industry and has been involved in the design, construction,
operations, restart and maintenance of power-generating facilities. He
is currently providing independent consulting services to major
utilities and has previously held a number of key management positions
at Tennessee Valley Authority, Portland General Electric, Impell and
Boston Edison. Mr. Machon has also served as Senior Vice President of
Operations at PSEG and as Nuclear Chief Operating Officer at Ontario
Power Generation. He is a graduate of Northeastern University.
Leon Kopyt, Chairman and CEO of RCM, commented: "The Board is extremely
pleased to add two directors with strong leadership and management
skills and a comprehensive knowledge of the utility industry. Their
contributions should be particularly valuable to the Company's
Engineering business segment as it continues to expand its operations
throughout North America."
Messrs. Snodgrass' and Machon's terms are scheduled to expire at the
Company's annual meetings of stockholders to be held in 2011 and 2012,
respectively. The addition of these two directors increases the size of
the Board to six members.
About RCM
RCM Technologies, Inc. is a premier provider of business and technology
solutions designed to enhance and maximize the operational performance
of its customers through the adaptation and deployment of advanced
information technology and engineering services. RCM is an innovative
leader in the design, development and delivery of these solutions to
commercial and government sectors for more than 35 years. RCM's offices
are located in major metropolitan centers throughout North America.
Additional information can be found at www.rcmt.com.
The Statements contained in this release that are not purely historical
are forward-looking statements within the Private Securities Litigation
Reform Act of 1995 and are subject to various risks, uncertainties and
other factors that could cause the Company's actual results,
performance or achievements to differ materially from those expressed
or implied by such forward-looking statements. Forward looking
statements include, but are not limited to, those relating to demand
for the Company's services, expected demand for our services and
expectations regarding our revenues, the Company's ability to continue
to utilize goodwill, to continue to increase gross margins, to achieve
and manage growth, to develop and market new applications and services,
risks relating to the acquisition and integration of acquired
businesses, the ability of the Company to consummate acquisitions as to
which it executes non-binding letters of intent, demand for new
services and applications, timing of demand for services, industry
strength and competition and general economic factors. Investors are
directed to consider such risks, uncertainties and other factors
described in documents filed by the Company with the Securities and
Exchange Commission.
CONTACT: RCM Technologies, Inc.
Corporate Contacts:
Leon Kopyt, Chairman, President & CEO
Kevin D. Miller, Chief Financial Officer
856.356.4500
Fax: 856.356.4600
info@rcmt.com
www.rcmt.com
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