CDTi to Nominate Two New Directors to the Board
07 Maggio 2018 - 2:05PM
CDTi Advanced Materials, Inc., (Nasdaq:CDTI) (“CDTi” or “the
Company”), a leader in advanced emission control technology, is
nominating Bob Ching and Martin (Marty) McDermut, along with
incumbent directors Matthew Beale and Lon Bell, for election to its
board of directors at the company’s upcoming 2018 annual meeting of
stockholders to be held on July 19, 2018, at the company’s
headquarters in Oxnard, California. Current directors Mungo
Park and Till Becker will retire from CDTi’s board following the
completion of their current terms as directors. The board count
will remain at four.
Matthew Beale, CDTi Advanced Materials' CEO, stated “Bob and
Marty will add know-how and experience vital to our strategic
execution. As founder of the Boston Consulting Group’s China
practice and later as Vice Chairman of Morningside, Bob’s depth of
business and institutional knowledge will contribute to our
expansion in China. Marty’s extensive public company
financial leadership and transactional experience will be a
tremendous asset to the company.
“We want to thank Mungo and Till for their many contributions to
CDTi over the years and wish them success with their future
endeavors,” concluded Beale.
About Bob ChingBob Ching is the Chairman of the
Board of Shanghai Chemical Machinery Plant Co., Ltd, and Honorary
Chairman of Shanghai ABC Steel Structure Co. Since 1985, he has
been continually involved with subjects relating to economic and
enterprise reform in China. In recognition of his contributions,
the Shanghai Municipal Government awarded Mr. Ching the Magnolia
Medal in 1997.
Mr. Ching was Vice Chairman of Morningside (China), a private
equity investment firm from 1994 until his retirement in 2004. In
addition to investment related activities, he typically assumed the
responsibilities for strategic planning, including M&A and
global alliances. Between 1968 and 1993, Mr. Ching served The
Boston Consulting Group (BCG), first in Boston and then between
1976 and 1985 based in Tokyo responsible for the Asia practice. His
service included Managing Director of BCG (Tokyo) from 1977 to
1985; member of BCG’s Executive Committee from 1979 to 1985; and
BCG Executive Director for China from 1985 to 1993, where he
carried out assignments relating to economic reforms, industry
restructuring, and enterprise strategies on behalf of Chinese
industry ministries and bureaus, multilateral agencies, and
multinational corporations. In 1993, he established BCG (China) as
a JV with Jiaotong University and Bank of Communications. Mr. Ching
retired from full-time active duty at BCG in 1994 and continued as
a Senior Advisor till 2001. Prior to joining BCG, he worked at
IBM’s Education Research Center and taught physics and economics
respectively at the National Taiwan University and Carnegie-Mellon
University.
Mr. Ching holds degrees from the California Institute of
Technology, Harvard University, and Carnegie-Mellon
University.
About Martin S. McDermut Martin S. (Marty)
McDermut served as Vice President and Chief Financial Officer of
Applied Micro Circuits Corporation, a publicly traded semiconductor
company, from January 2016 to February 2017 when the company was
acquired by MACOM Technology Solutions Holdings, Inc.
Mr. McDermut served as Senior Vice President, Finance and Chief
Financial Officer at Vitesse Semiconductor Corporation, a publicly
traded semiconductor company, from August 2011 until April 2015,
when the company was acquired by Microsemi Corporation. From
2007 to 2011, Mr. McDermut served as managing director and
financial consultant at Avant Advisory Group, LLC, a management
consulting firm based in Los Angeles and Santa Barbara, CA. He has
also served as chief financial officer for other publicly traded
companies including IRIS International Inc. and Superconductor
Technologies Inc. Prior to that, he worked for the certified public
accounting and consulting firm Coopers & Lybrand L.L.P. (now
known as PricewaterhouseCoopers LLP) where he was a partner and the
practice leader of the firm’s Los Angeles Entrepreneurial Advisory
Services Group.
Mr. McDermut holds a Bachelor of Arts degree in economics from
the University of Southern California and a Master of Business
Administration degree from the University of Chicago Booth School
of Business. He is a Certified Public Accountant.
About CDTi Advanced MaterialsCDTi develops
advanced materials technology for the emissions control market.
CDTi’s proprietary technologies provide high-value sustainable
solutions to reduce hazardous emissions, increase energy efficiency
and lower the carbon intensity of on- and off-road combustion
engine systems. With a continuing focus on innovation-driven
commercialization and global expansion, CDTi’s breakthrough
Powder-to-Coat (P2C™) technology exploits the Company’s
high-performance, advanced low-platinum group metal (PGM) emission
reduction catalysts. Key technology platforms include Synergized
PGM (SPGM™) and Spinel™. For more information, please visit
www.cdti.com.
Additional Information and Where to Find
ItCDTi, its directors and certain executive officers are
participants in the solicitation of proxies from stockholders in
connection with Company’s 2018 Annual Meeting of Stockholders (the
“Annual Meeting”). The Company plans to file a proxy statement (the
“2018 Proxy Statement”) with the Securities and Exchange Commission
(the “SEC”) in connection with the solicitation of proxies for the
Annual Meeting.
Promptly after filing its definitive 2018 Proxy Statement with
the SEC, the Company will make available the 2018 Proxy Statement
and proxy card for review by stockholders. STOCKHOLDERS ARE URGED
TO READ THE 2018 PROXY STATEMENT (INCLUDING ANY AMENDMENTS OR
SUPPLEMENTS THERETO) AND ANY OTHER RELEVANT DOCUMENTS THAT THE
COMPANY WILL FILE WITH THE SEC WHEN THEY BECOME AVAILABLE BECAUSE
THEY WILL CONTAIN IMPORTANT INFORMATION. Stockholders may obtain,
free of charge, the Company’s preliminary proxy statement, any
amendments or supplements thereto and any other relevant documents
filed by the Company with the SEC in connection with the Annual
Meeting at the SEC’s website (www.sec.gov). Copies of the Company’s
definitive proxy statement, any amendments or supplements thereto
and any other relevant documents filed by the Company with the SEC
in connection with the Annual Meeting will also be available, free
of charge, at the Company’s website (www.cdti.com) or by writing to
Investor Relations, 1700 Fiske Place, Oxnard, CA 93033.
Contact Information: Moriah
Shilton or Kirsten ChapmanPhone: 415-433-3777Email:
cdti@lhai.com
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