MFRI Announces Changes in Board Composition

MFRI Announces Changes in Board Composition 
NILES, IL -- (Marketwired) -- 04/15/14 --  MFRI, Inc. (NASDAQ: MFRI)
announced today changes in the composition of its board of directors,
including the appointment of Jerome T. Walker to the board.  
Mr. Walker, age 50, is executive vice president of global solutions
at Dresser-Rand Group Inc., a NYSE-listed company and one of the
largest suppliers of custom-engineered rotating equipment solutions
to the worldwide oil, gas, petrochemical, and process industries. In
that capacity, he oversees the development and deployment of
comprehensive projects and programs to meet Dresser-Rand's client
needs and to drive the company's growth. Mr. Walker's areas of
responsibility include technology development and commercialization;
marketing, corporate strategy and development; regional business
leadership for emerging geographies; and program management
operations. 
MFRI President and CEO Brad Mautner commented, "We are extremely
pleased that Jerry has agreed to join our board. His work in larger
public companies, coupled with his broad experience in energy markets
and in various international locations, makes him an outstanding
addition. We look forward to his insights as we work to expand our
capabilities and footprint." 
Mr. Walker joined Dresser-Rand in January 2009 as vice president and
general manager, Americas and Asia Pacific operations, with
responsibility for global and domestic products manufacturing for
hydrocarbon, environmental and related industries. Prior to joining
Dresser-Rand, he spent 15 years at Honeywell International in various
senior leadership roles, including vice president of global
operations from 2005 to 2008. In that role, he led all aspects of
manufacturing, supply chain and project operations for Honeywell's
global industrial automation and control business. Prior to that, he
led Honeywell's Europe, Middle East and Africa industrial business
units.  
Mr. Walker has a BS in Chemical Engineering from The University of
Notre Dame and an MBA from Northwestern University Kellogg Graduate
School of Management. 
MFRI also announced that Arnold F. Brookstone and Stephen B. Schwartz
will not stand for re-election as directors at MFRI's 2014 annual
meeting. Mr. Brookstone and Mr. Schwartz have served on MFRI's board
since 1990 and 1995, respectively. 
Mr. Mautner and Chairman David Unger commented, "The entire board
joins us in thanking Arnie and Steve for their many years of service
and innumerable contributions. We are truly grateful to have had
access to the experience, judgment and wise counsel each of them
consistently shared with us over the years. They were instrumental in
helping MFRI navigate growth and the many changes and challenges that
occur over time. On a more personal level, we could not have found
better colleagues to be associated with as leaders of our governance
responsibilities. We wish them all the best."  
MFRI, Inc. 
MFRI, Inc. manufactures pre-insulated specialty piping systems for
oil and gas gathering, district heating and cooling as well as other
applications. The Company also manufactures custom-designed
industrial filtration products to remove particulates from air and
other gas streams. In total, MFRI has operations in 10 locations in
six countries. For more information, visit the Company's website at
www.mfri.com or contact its investor relations representative, LHA. 
Forward-Looking Statements 
Statements and other information contained in this announcement that
can be identified by the use of forward-looking terminology
constitute "forward-looking statements" within the meaning of Section
27A of the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended, and are subject to the
safe harbors created thereby. These statements should be considered
as subject to the many risks and uncertainties that exist in the
Company's operations and business environment. Such risks and
uncertainties include, but are not limited to, economic conditions,
market demand and pricing, competitive and cost factors, raw material
availability and prices, global interest rates, currency exchange
rates, labor relations and other risk factors. 
CONTACTS: 
MFRI, INC.
7720 North Lehigh Avenue 
Niles, Illinois 60714-3491 
Bradley Mautner
President & CEO  
(847) 966-1000  
Harriet Fried / Jody Burfening 
LHA 
(212) 838-3777 
hfried@lhai.com 
 
 
Press spacebar to pause and continue. Press esc to stop.