Flow International Corporation Announces Management Change
KENT, Wash., Nov. 19 /PRNewswire-FirstCall/ -- Flow International
Corporation (Nasdaq: FLOW), the world's leading developer and manufacturer of
industrial waterjet machines for cutting and cleaning applications, announced
today that Douglas P. Fletcher, chief financial officer since 2005, will be
leaving the Company to join Bellevue, Washington-based Primus International,
Inc. as its Chief Financial Officer. Primus International, a private equity
backed company, is a leading tier II supplier of structural components and
assemblies to the global aerospace industry. The change is effective December
8. Flow plans to launch a national search for his successor.
Charley Brown, President and CEO of Flow said, "We recognize that this
offers Doug an opportunity to work at a larger, privately-held company and
wish him every success going forward. Doug has been instrumental in helping
Flow build a first class finance organization and multi-country
infrastructure. Thanks to his efforts we believe we are well positioned for
the OMAX integration and sustained rapid growth."
About Flow International
Flow International Corporation is the world's leading developer and
manufacturer of ultrahigh-pressure waterjet technology for cutting and
cleaning. Flow provides state-of-the-art ultrahigh-pressure (UHP) technology
to numerous industries including automotive, aerospace, job shop, surface
preparation, food and dozens more. For more information, visit
http://www.flowcorp.com.
This press release contains forward-looking statements relating to future
events or future financial performance that involve risks and uncertainties.
The words "believe," "expect," "intend," "anticipate," variations of such
words, and similar expressions identify forward-looking statements but their
absence does not mean that the statement is not forward-looking. These
statements are only predictions and actual results could differ materially
from those anticipated in these statements based on a number of risk factors,
including those set forth in the April 30, 2008 Flow International Corporation
Form 10-K Report, filed with the Securities and Exchange Commission. Forward-
looking statements in this press release include, without limitation,
statements regarding Flow's plans to search for a successor to Mr. Fletcher
and Flow's future growth. Readers are cautioned not to place undue reliance
on these forward-looking statements that speak only as of the date of this
announcement.
