LADSON, S.C., March 21, 2011 /PRNewswire/ -- Force Protection, Inc. (Nasdaq: FRPT) today announced the addition of Ms. Lynn Brubaker and Mr. Thomas A. Corcoran to its board of directors, thereby increasing the total size of the board of directors to nine members.
Ms. Brubaker has more than 30 years of experience in the aviation and aerospace industries, and brings extensive knowledge in executive development, portfolio strategy, growth management and international compliance, as well as significant expertise in public company-related matters. Ms. Brubaker currently serves on the board of directors of Hexcel, a $1.2 billion NYSE-listed multi-national company that is a leader in advance materials and technology, and FARO Technologies, a multi-national high technology company that is the world leader in portable computer-aided measurement and imaging innovations. She also serves on the board of directors of The Nordam Group, the largest private aerospace company in high technology manufacturing and repair, and as Chairman of the board of Flight Safety Foundation.
Mr. Corcoran has over 40 years of experience in aerospace-related industries, as well as significant public company board experience, including service as a director of a Fortune 500 company. This includes current service as a director with three U.S. publicly listed companies: L-3 Communications Holdings, Inc., GenCorp, Inc. and LaBarge, Inc. Mr. Corcoran is also a director with Aer Lingus, Ltd., which is based in Dublin, Ireland. He was a director of Serco, Ltd., based in Surry, United Kingdom, from 2007 to 2010 and REMEC, Inc. from 1997 to 2010. Since 2001, Mr. Corcoran has been a Senior Advisor of The Carlyle Group, a private equity investment firm, and the President of Corcoran Enterprises, LLC, a management consulting company.
Michael Moody, Chairman and Chief Executive Officer of Force Protection, Inc., said, "We are pleased to add two new members of such significant stature to our Board. Both Lynn and Tom bring a wealth of international and public-company management and board experience, and we look forward to their significant contributions as the Company executes its critical internal and external growth initiatives, including the evaluation of opportunities to broaden the business through international expansion, strategic acquisitions and other investments."
From 1997 until 2005, Ms. Brubaker was employed at Honeywell International, including most recently serving as Vice President/General Manager - Commercial Aerospace, with a primary focus on global business strategies and customer operations. From 1995 to 1997, prior to its merger with Honeywell, she was Vice President - Marketing, Sales and Support Operations for AlliedSignal. Prior to joining AlliedSignal, Ms. Brubaker held a variety of management positions with McDonnell Douglas, Republic (predecessor to Northwest Airlines) and Comair. Ms. Brubaker holds a Master of Business Administration from UCLA.
From 2001 to 2004, Mr. Corcoran was the President and Chief Executive Officer of Gemini Air Cargo, Inc., a cargo airline owned by The Carlyle Group. From 1999 to 2000, Mr. Corcoran was President and Chief Executive Officer of Allegheny Teledyne Incorporated. From 1983 to 1999, Mr. Corcoran was President and Chief Operating Officer of Lockheed Martin's Electronics and Space Sectors. Mr. Corcoran began his career in 1967 at General Electric Company, and rose to the position of Vice President and General Manager of G.E. Aerospace Operations. Mr. Corcoran serves as a director of American Ireland Fund, is on the board of trustees of Stevens Institute of Technology, and is a trustee emeritus at Worchester Polytechnic Institute. Mr. Corcoran holds a Bachelor of Science in Chemical and Mechanical Engineering, as well as a Ph.D. (honorary) from Stevens Institute of Technology.
About Force Protection, Inc.
Force Protection, Inc. is a leading designer, developer and manufacturer of survivability solutions, including blast- and ballistic-protected wheeled vehicles currently deployed by the U.S. military and its allies to support armed forces and security personnel in conflict zones. The Company's specialty vehicles, including the Buffalo, Cougar, Ocelot and related variants, are designed specifically for reconnaissance and urban operations and to protect their occupants from landmines, hostile fire, and improvised explosive devices (commonly referred to as roadside bombs). Complementing these efforts, the Company is designing, developing and marketing the JAMMA, a new vehicle platform that provides increased modularity, transportability, speed and mobility. The Company also develops, manufactures, tests, delivers and supports products and services aimed at further enhancing the survivability of users against additional threats. In addition, the Company provides long-term life cycle support services of its vehicles that involve development of technical data packages, supply of spares, field and depot maintenance activities, assignment of skilled field service representatives, and advanced driver and maintenance training programs. For more information on Force Protection and its products and services, visit www.forceprotection.net.
Safe Harbor Statement
This press release contains forward looking statements that are not historical facts, including statements about our beliefs and expectations. These statements are based on beliefs and assumptions of Force Protection's management, and on information currently available to management. These forward looking statements include, among other things: the Company's execution of its business strategy and strategic transformation, including its development initiatives and opportunities to broaden its platform and the effect of appointing new members to the Company's board of directors. Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update any of them publicly in light of new information or future events. A number of important factors could cause actual results to differ materially from those contained in any forward-looking statements. Examples of these factors include, but are not limited to, the ability to effectively manage the risks in the Company's business; the ability to win future awards and finalize contracts; the ability to develop new technologies and products and the acceptance of these technologies and products; and the other risk factors and cautionary statements listed in the Company's periodic reports filed with the Securities and Exchange Commission, including the risks set forth in the Company's Annual Report on Form 10-K for the year ended December 31, 2010.
SOURCE Force Protection, Inc.