Las Vegas, Nv., USA - December 17, 2012, Las Vegas, Nv., USA - American Pacific Corporation (AMPAC) announced the decisions of Fred D. Gibson, Jr., Jane L. Williams, and Dean M. Willard, to retire from the AMPAC board of directors.
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Ms. Williams and Mr. Gibson are stepping down at the time of the next AMPAC Annual Meeting in March; Mr. Willard's retirement from the Board is effective on December 31, 2012.
Mr. D. Gibson, Jr. served as Chief Executive Officer, Chairman of the Board and President of the Company and Chairman and Chief Executive Officer of each of the Company's subsidiaries, from 1985 to July 1997, and Chairman of the Board of the Company until March 1998.
Mr. D. Gibson, Jr. also currently serves as a director of Ampac-ISP Corp., American Pacific Corporation (a Nevada corporation), American Azide Corporation, and Ampac Farms, Inc., each direct or indirect wholly-owned subsidiaries of the Company. He also served as Chairman, President and Chief Executive Officer of Pacific Engineering & Production Co. of Nevada, the predecessor company to American Pacific Corporation, from April 1966 until May 1988.
For more than five years and until July 2002, Mr. D. Gibson, Jr. was a director of Sierra Pacific Resources (now NV Energy), an electric utility. He has also been a director of Cashman Equipment Company, a distributor of Caterpillar Equipment, for more than five years. For more than five years, Mr. D. Gibson, Jr. has been a private consultant to the Company, and may provide consultation services on an "as requested" basis in the future.
Ms. Williams is the President, Chairman and Chief Executive Officer of TechTrans International, Inc. of Houston, Texas, a provider of technical language support services, a position she has held since 1993. Before founding TechTrans International, Inc., Ms. Williams was a consultant to businesses in the aerospace industry for more than five years. Ms. Williams was a director of Western Electrochemical Company, the Company’s former principal operating subsidiary, from 1989 until 1995.
Mr. Willard is Chairman and Chief Executive Officer of DSC Renewables, LLC, a company he formed in 2010. Since 2010, Mr. Willard is also a director of KPM Sun GmbH, a wholly-owned subsidiary of DSC Renewables, LLC, that develops, plans, builds, and operates solar power plants. Since January 2007, Mr. Willard has served as Chairman and Chief Executive Officer of Reinhold Industries, Inc., a diversified manufacturer of advanced system composition components. ■