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American Reprographics Company Announces Election of James F. McNulty as New Board Member
| Quelle: American Reprographics Company
WALNUT CREEK, CA--(Marketwire - March 17, 2009) - American Reprographics Company (NYSE : ARP ), the nation's leading provider of reprographics services and
technology, today announced that James F. McNulty was elected to its Board
of Directors on March 11, 2009. Mr. McNulty is the retired Chairman and
Chief Executive Officer of Parsons Corporation, a $3.8 billion
international engineering, construction and management services firm based
in Pasadena, California. He fills the position left vacant by the
resignation of S. "Mohan" Chandramohan from the Board of Directors in July
2008. Mr. McNulty's election returns the size of the board to seven
members.
"Jim is a widely-respected leader in the engineering and construction
industries and adds considerable depth to of our Board of Directors," said
K. "Suri" Suriyakumar, Chairman of American Reprographics Company. "We look
forward to his good counsel as a business executive, and we intend to make
the most of his experience and insight as a top-notch construction
professional to help us navigate the current business climate and plan for
the future."
Mr. McNulty held a variety of key engineering and executive roles at
Parsons from 1988 forward, driving growth through acquisition, production
extension, and geographic expansion. His career with Parsons culminated
with his appointment as Chief Executive Officer in 1996, and Chairman of
the Board in 1998.
"I am honored to join ARC's Board of Directors," said Mr. McNulty. "I look
forward to contributing to the Company's growth and future success."
Prior to his experience at Parsons, Mr. McNulty served for 24 years in the
U.S. Army, retiring as a Colonel. His assignments included training, troop
command, research and development, and project management. He is a graduate
of United States Military Academy at West Point and the Army Command and
General Staff College. Mr. McNulty also earned Masters Degrees in nuclear
physics from Ohio State University and in management from the Massachusetts
Institute of Technology where he was an Alfred P. Sloan Fellow.
In addition to Mr. McNulty, American Reprographics Company Board of
Directors includes K. "Suri" Suriyakumar, ARC's Chairman; Thomas Formolo, a
partner in the private equity firm of Code Hennessy & Simmons; Manuel J.
Perez de la Mesa, Chief Executive Officer of SCP Pool Corporation; Eriberto
R. Scocimara, President and Chief Executive Officer of financial consulting
firm Scocimara & Company, Inc.; Mark W. Mealy, former Managing Director and
Group Head of Wachovia Securities' Mergers and Acquisitions business;
Dewitt Kerry McCluggage, President of Craftsman Films, Inc., and
Co-Chairman of Ardustry Home Entertainment.
About American Reprographics Company
American Reprographics Company is the leading reprographics company in the
United States providing business-to-business document management technology
and services to the architectural, engineering and construction, or AEC
industries. The Company provides these services to companies in non-AEC
industries, such as technology, financial services, retail, entertainment,
and food and hospitality, which also require sophisticated document
management services. American Reprographics Company provides its core
services through its suite of reprographics technology products, a network
of hundreds of locally-branded reprographics service centers across the
U.S., on-site at more than 5,000 customer locations, and through UDS, a
joint-venture company headquartered in Beijing, China. The Company's
service centers are arranged in a hub and satellite structure and are
digitally connected as a cohesive network, allowing the provision of
services both locally and nationally to more than 160,000 active customers.
Forward-Looking Statements Disclaimer
This press release contains forward-looking statements that are based on
current opinions and estimates of management regarding future events and
the future financial performance of the Company. Words such as "forecast,"
"outlook," "will," and similar expressions identify forward-looking
statements. We caution you that such statements are only predictions and
are subject to certain risks and uncertainties that could cause actual
results to differ materially from those contained in the forward-looking
statements. Factors that could cause our actual results to differ
materially from those set forth in the forward-looking statements include,
but are not limited to, the current downturn in the economy generally and
in the architectural, engineering and construction industries specifically;
competition in our industry and innovation by our competitors; our failure
to anticipate and adapt to future changes in our industry; our failure to
complete acquisitions, or failure to manage our acquisitions, including our
inability to integrate and merge the business operations of the acquired
companies or failure to retain key personnel and customers of acquired
companies; our dependence on certain key vendors for equipment, maintenance
services and supplies; damage or disruption to our facilities, our
technology centers, our vendors or a majority of our customers; and our
failure to continue to develop and introduce new services successfully.
The foregoing list of risks and uncertainties is illustrative but is by no
means exhaustive. For more information on factors that may affect our
future performance, please review our periodic filings with the U.S.
Securities and Exchange Commission, and specifically the risk factors set
forth in our most recent reports on Form 10-K and Form 10-Q. The Company
undertakes no obligation to update or revise any forward-looking
statements, whether as a result of new information, future events, or
otherwise, except as required by law.