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Article: Eric S. Rosenfeld to Become Non-Executive Chairman of the Board of CPI Aerostructures; CPI Founder, Arthur August, to Be Named Chairman Emeritus; Effective Date January 1, 2005.
- Article from:
- Business Wire
- Article date:
- November 1, 2004
CopyrightCOPYRIGHT 2004 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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EDGEWOOD, N.Y. -- CPI Aerostructures, Inc. ("CPI") (AMEX:CVU) today announced that CPI co-founder Arthur August, age 69, will step down as Chairman of the Board of Directors effective January 1, 2005 and that Eric S. Rosenfeld, age 47, Director and Chairman of CPI's strategic planning committee since April 2003, will become non-executive Chairman of the Board effective on the same date. Mr. August will remain an employee of the Company, with the title Chairman Emeritus, through December 31, 2005.
Additionally, effective October 28, 2004, Mr. August terminated his 10b5-1 stock sale plan, which had been in effect since August 2003.
Mr. Rosenfeld has been ...
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