KENT, Wash., Oct. 5 /PRNewswire-FirstCall/ -- FLOW International
Corporation (Nasdaq: FLOWE), the world's leading supplier of
ultrahigh-pressure waterjet products, today announced the appointment of
Douglas P. Fletcher as Vice President and Chief Financial Officer. Fletcher
will oversee all of FLOW's financial functions from the company's headquarters
in Kent, Washington, and report directly to Stephen R. Light, FLOW's President
and Chief Executive Officer. Fletcher joined FLOW on August 16th, 2005, when
he was appointed interim CFO.
"We are very pleased to welcome Doug as a full-time member of our
executive team," said Stephen R. Light, FLOW's President and Chief Executive
Officer. "Doug is a seasoned executive with a long and impressive record
overseeing some large financial organizations. His depth of experience will no
doubt make a very positive contribution to FLOW."
Fletcher has nearly 30 years of experience in finance, strategic planning,
and accounting. Before joining FLOW, Fletcher served as CFO of
GiftCertificates.com and of eCharge Corporation, both based in Seattle. Prior
to that, he held various senior positions in corporate and structured finance,
equipment finance, restructuring, and other finance positions with Citibank in
New York. He also held several senior finance positions, including Group
Controller, with International Paper Company, and served as a Senior Auditor
of Price Waterhouse in New York. He has a Bachelors degree in accounting from
Ohio University.
About Flow International
Flow International Corporation is the world's 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 http://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, 2005 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.
Contact:
John Leness
General Counsel
253-850-3500
SOURCE FLOW International Corporation
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Related links:
http://www.flowcorp.com
CONTACT:
John Leness, General Counsel for Flow
International Corporation, +1-253-850-3500
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