Business Services Industry
Force Protection, Inc. Announces New Director and Officer Appointments
Business Wire, Sept 24, 2007
LADSON, S.C. -- Force Protection, Inc. (NASDAQ:FRPT) today announced that it has appointed John S. Day to serve as a member of the board of directors. The appointment was effective September 18, 2007.
Day has more than 30 years' experience in accounting and has served a broad range of publicly owned clients with financial transaction, underwriting counsel, and SEC response expertise. He joined Arthur Anderson in 1976 and was admitted as audit partner in 1986.
In 2002, Day became a Director of real estate and financial services for Deloite and Touche, LLP. He was appointed to the board of Lenbrook, LLC in 2007. Day holds an AB degree in Economics from the University of North Carolina and a Master's of Business Administration degree from Harvard Business School.
"John will be a tremendous asset to our operations," said Force Protection CEO Gordon McGilton. "He has a wealth of hands-on accounting experience that is the right fit at the right time for this company."
In addition to Day's appointment, McGilton named Michael Moody to be the company's president on September 18, 2007.
Moody is a veteran with more than 40 years of senior management experience in operational management, reorganizations, acquisitions and business transformation. He has served as a principal for Westsource Financial Services, Inc. where he provided business and financial advisory services to privately held businesses from 2005 to 2007.
Moody was the COO at the London American General Agency from 2003 to 2005 and served as Senior Vice President of Corporate Development for Magna Carta Companies from 1995 to 2001, where he also served on the Board of Directors. Moody is a CPA with extensive domestic and international investment banking experience, and holds a Bachelor's of Arts in Economics from Macquarie University in Sydney, Australia.
"Force Protection is fortunate to benefit from Michael's exceptional skill set and background," said McGilton. "He has served the company well as a member of the board and we look forward to his leadership as president."
Force Protection's Cougar and Buffalo armored vehicles are the gold standard for troop safety in Iraq and Afghanistan, and have withstood thousands of mine detonations and IED attacks since 2003. The company is one of the main suppliers for the U.S. Department of Defense MRAP program.
About Force Protection Inc.
Force Protection, Inc., first to answer the call to duty for the urgent need to bring lifesaving mine-resistant ambush protected vehicles to U.S. troops in combat and an American company whose vehicles, Cougar and Buffalo, have a proven track record where it matters most; in the battlefield, manufactures ballistic- and mine-protected vehicles through its wholly-owned subsidiary. These specialty vehicles protect against landmines, hostile fire, and Improvised Explosive Devices (IEDs, commonly referred to as roadside bombs). Force Protection's mine and ballistic protection technologies are among the most advanced in the world. The vehicles are manufactured outside Charleston, S.C. For more information on Force Protection and its vehicles, visit www.forceprotection.net.
This press release contains forward-looking statements that involve risks and uncertainties. The Company generally uses words such as "believe," "may," "could," "will," "intend," "expect," "anticipate," "plan," and similar expressions to identify forward-looking statements. You should not place undue reliance on these forward-looking statements. Actual results could differ materially from those anticipated in the forward-looking statements for many reasons, including the risks described in the Company's Form 10-K and other reports filed with the Securities and Exchange Commission. Although management believes the expectations reflected in the forward-looking statements are reasonable, they relate only to events as of the date on which the statements are made, and the Company's future results, levels of activity, performance or achievements may not meet these expectations. The Company does not intend to update any of the forward-looking statements after the date of this document to conform these statements to actual results or to changes in expectations, except as required by law.
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