American Vanguard Elects New Member to Its Board of Directors
NEWPORT BEACH, Calif. -- October 3, 2013
American Vanguard Corp. (NYSE:AVD) today announced that Mr. Morton D. Erlich
has been elected as a new member to its Board of Directors. He will join the
Board immediately and will become Chairman of the Audit Committee. Mr. Erlich
will fill the vacancy caused by the passing of Irving Thau in July 2013.
Mr. Erlich has extensive experience in accounting, arising from his 34 year
career with KPMG LLP. During his tenure at KPMG, he served as Audit Engagement
Partner for numerous public and private companies in a wide range of
industries and as a Managing Partner of the firm’s Woodland Hills office. In
addition to his audit and accounting work he also developed expertise in
merger, acquisition and due diligence projects, as well as SEC compliance and
employee benefit plan audit.
Since 2004, Mr. Erlich has provided financial and managerial consulting
services to a number of middle-market companies and professional service
firms. Since 2006, he has been on the Board of Directors of Skechers USA, Inc.
a prominent global footwear company where he has served as Lead Independent
Director and Chairman of both the Audit Committee and the Nominating and
Governance Committee and as a member of the Compensation Committee.
Eric Wintemute, Chairman & CEO of American Vanguard commented, “Mort’s
extensive accounting experience and comprehensive expertise will add great
value to our Board of Directors. His familiarity with audit procedures and SEC
filing requirements will allow him to work closely and smoothly with our
in-house financial staff as well as our outside auditors. His understanding of
due diligence processes will prove very useful as we continue our constant
evaluation of potential product line acquisitions. His prior participation in
audit, governance and compensation committees will allow him to contribute to
those functions on our Board. It is a pleasure to welcome Mort to our group
and we expect his participation will contribute to American Vanguard’s
continued success in the years ahead.”
About American Vanguard
American Vanguard Corporation is a diversified specialty and agricultural
products company that develops and markets products for crop protection and
management, turf and ornamentals management and public and animal health.
American Vanguard is included on the Russell 2000® & Russell 3000® Indexes and
the Standard & Poors 600 Index. To learn more about American Vanguard, please
reference the Company’s web site at www.american-vanguard.com.
American Vanguard Corporation
William A. Kuser, 949-260-1200
Director of Investor Relations
The Equity Group Inc.
Lena Cati, 212-836-9611
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