JEFFERSON, La., Jan. 26, 2011 (GLOBE NEWSWIRE) -- Stewart Enterprises, Inc. (Nasdaq:STEI) today announced that Glenn G. McMillen has joined the Company's Corporate Development team to focus on acquisition opportunities.
"Our strategic platform includes growing our business through acquisitions," Stewart Enterprises President and Chief Executive Officer Thomas J. Crawford said. "Adding resources to accomplish this objective further demonstrates our commitment to identifying and evaluating acquisition opportunities in 2011 and beyond."
During his more than 40-year business career, McMillen has served in senior management positions with several companies, including serving as Senior Vice President for Service Corporation International and Vice President of Fred F. Groff Funeral Homes in Lancaster, Pa. He is also a past president of both the National Funeral Directors Association and the Pennsylvania Funeral Directors Association.
"We are delighted to have Glenn with his experience, knowledge and industry relationships choose to join our team. His unique experience operating and growing death care businesses both domestically and abroad brings significant added value to our corporate development efforts. He understands all aspects of the business, he knows the people, and he will focus on finding the right acquisition opportunities for us to consider," said Stewart's Senior Vice President of Corporate Development and Investor Relations Martin R. de Laureal.
Founded in 1910, Stewart Enterprises, Inc. is the second largest provider of products and services in the death care industry in the United States, currently owning and operating 218 funeral homes and 141 cemeteries. Through its subsidiaries, the Company provides a complete range of cemetery, funeral and cremation options, available both at the time of need and on a preneed basis.
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