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8-K - FORM 8-K - FLOW INTERNATIONAL CORP | v58163e8vk.htm |
Exhibit 99.1
FOR IMMEDIATE RELEASE
Contact: | ||
Flow Investor Relations | ||
Geoffrey Buscher | ||
253-813-3286 | ||
investors@flowcorp.com |
FLOW INTERNATIONAL ANNOUNCES NEW BOARD CHAIR
Kent, WA January 31, 2011 Flow International Corporation (NASDAQ: FLOW), the worlds
leading developer and manufacturer of industrial waterjet machines for cutting and cleaning
applications, today announced that Jerry L. Calhoun has been appointed Chairman of the Board,
replacing Kathryn L. Munro, whose final term as director expires in September 2011. Ms. Munro has
served as a director since 1996 and as Chair since 2002.
We are grateful for Kathys strong leadership throughout her years with Flow. We are pleased that
Jerry has stepped forward now to ensure a smooth transition when Kathys term expires in
September, said Charley Brown, Flows President and CEO.
Mr. Calhoun has served as a director since 2007. His past experience includes service as Vice
President, Human Resources, Boeing Commercial Airplanes, consultant to the Ford Motor Company,
Chairman of the Federal Labor Relations Authority, Chairman of the Foreign Service Labor Relations
Board and Principal Deputy Assistant Secretary of the Department of Defense.
In connection with the appointment of a new Board Chairman, Flow also announced that Mr. Calhoun is
succeeding Ms. Munro as chairman of the Governance Committee, and Patrick Byrne is succeeding Mr.
Calhoun as chairman of the Compensation Committee.
About Flow International
Flow International Corporation is the worlds leading developer and manufacturer of
ultrahigh-pressure waterjet cutting technology to industries including automotive, aerospace, job
shop, surface preparation, and more. For more information, visit 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. Readers are cautioned not to place undue reliance on these forward-looking statements
that speak only as of the date of this announcement.
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