NEWTON, Kan., April 25, 2024 (Globe Newswire) — Park Aerospace Corporation (NYSE-PKE) announced that its Board of Directors has selected Chris Goldner as Vice President of Finance. Mr. Park also announced that P. Matthew Farabaugh (“Matt”), the company's longtime executive vice president and chief financial officer, plans to retire at the end of May 2024. Matt joined the company in October 2007 and has been with the company to date. Matt has served as our CFO since April 2012. After his retirement, he agreed to work as a consultant for our company. Chris began working with his Park on March 4, 2024, and has spent the past two months working with Matt and his Park accounting staff to facilitate the transition. Following Matt's retirement, Chris will report to Brian Shore, our Chairman and CEO, and will serve as our Chief Financial Officer.
From 2021 to 2023, Chris served as Managing Director and Interim CFO of Spruce Power Holdings Corporation, a public company located in Boston, Massachusetts. Prior to that, Chris held positions of increasing responsibility at Hasbro, Inc., a public company located in Boston, Massachusetts. From 2000 he lived in Pawtucket, Rhode Island until 2021. Chris' final position at Hasbro was Vice President of Financial Responsibility. Chris earned a Bachelor of Science in Business Administration from Boston University. Chris is a certified public accountant.
Brian Shore said, “Welcome to the park, Chris. We look forward to working with you in the future. Please join us.”
Brian continued: “Congratulations Matt on a well-deserved retirement. Thank you for all your hard work and dedication to our company over the years. It has been a real pleasure working with you all. You have been a great partner to me. I'll miss you when you're gone!”
Park Aerospace Corp. develops and manufactures solutions and hot melt advanced composite materials used in the manufacture of composite structures for the global aerospace market. Park's advanced composite materials include film adhesives (Aeroadhere®) and lightning protection materials (Electroglide®). Park offers a range of composite materials specifically designed for hand layup or automated fiber placement (AFP) manufacturing applications. Park's advanced composite materials are used in the manufacture of primary and secondary structures for jet engines, large and regional transport aircraft, military aircraft, unmanned aerial vehicles (UAVs, commonly referred to as “drones”), business jets, general aviation aircraft, and rotorcraft. It is used in Park also offers specialty ablation materials for rocket motors and nozzles, as well as materials specifically designed for radome applications. Complementing Park's advanced composite products, Park designs and manufactures composite parts, structures, assemblies, and low-volume tooling for the aerospace industry. Target markets for Park's composite parts and structures (including Park's proprietary composite SigmaStrut™ and AlphaStrut™ product lines) include, among others, prototype and development aircraft, special mission aircraft, conventional military and civilian aircraft spares; and rare spaceships. Mr. Park's purpose is to do what others are unwilling or unable to do. If no one wants to do it because it's too difficult, too small, or too annoying, sign up with us.
Additional company information is available on our website at www.parkaerospace.com.
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Contact: Donna D'Amico Anitto |
486 North Oliver Road, Building Z |
