Insituform Technologies, Inc. (NASDAQ Global Select Market: INSU)
("Insituform” or the "Company”) today announced the appointment of
Charles R. Gordon to its Board of Directors. Gordon brings more than 20
years of management experience in the water and wastewater industries.
The addition of Gordon increases the size of the Company’s Board of
Directors from six to seven. Gordon will also serve on the Board’s
Strategic Planning and Corporate Governance & Nominating Committees.
Mr. Gordon, 51, currently serves as President and Chief Executive
Officer of Siemens Water Technologies, a business unit of Siemens AG
("Siemens”), a world leader in products, systems and services for water
and wastewater treatment for industrial, institutional and municipal
customers. Previously, Mr. Gordon served as Executive Vice President of
the Siemens Water & Wastewater Systems Group and as Executive Vice
President of the Siemens Water & Wastewater Services and Products Group.
His past experience also includes various management positions with
USFilter Corporation and Arrowhead Industrial Water, prior to the
acquisition of US Filter Corporation by the Siemens family of companies
in 2004.
In addition to serving on the Board of Directors of Insituform, Mr.
Gordon serves on the boards of directors of the Siemens Foundation and
The Regional Learning Center based in Cranberry Township, Pennsylvania.
Insituform’s Chairman of the Board of Directors, Alfred L. Woods,
commented, "Chuck is a valuable addition to our Board. His 20 years of
water and wastewater industry and management experience will be a great
addition to our talented and diverse Board. Chuck’s success in managing
a multi-billion Dollar company with more than 5,500 employees worldwide
will result in meaningful contributions to our Board’s deliberations and
will be a great asset to our Company.”
"We look forward to benefitting from the insight that Chuck can provide
in helping us achieve our long-term strategic objectives,” said Joe
Burgess, the Company’s President and Chief Executive Officer. "His
unique perspective as a sitting industry executive will add a new
dimension to our already actively engaged Board.”
About Insituform
Insituform Technologies, Inc. is a leading worldwide provider of
proprietary technologies and services for rehabilitating sewer, water,
energy and mining piping systems and the corrosion protection of
industrial pipelines. More information about Insituform can be found on
its internet site at www.insituform.com.
Forward-Looking Statements
The Private Securities Litigation Reform Act of 1995 provides a "safe
harbor” for forward-looking statements. The Company makes
forward-looking statements in this news release that represent the
Company’s beliefs or expectations about future events or financial
performance. These forward-looking statements are based on information
currently available to the Company and on management’s beliefs,
assumptions, estimates or projections and are not guarantees of future
events or results. When used in this document, the words "anticipate,”
"estimate,” "believe,” "plan,” "intend,” "may,” "will” and similar
expressions are intended to identify forward-looking statements, but are
not the exclusive means of identifying such statements. Such statements
are subject to known and unknown risks, uncertainties and assumptions,
including those referred to in the "Risk Factors” section of the
Company’s Annual Report on Form 10-K for the year ended December 31,
2008, as filed with the Securities and Exchange Commission on March 2,
2009, and in our subsequent quarterly reports on Form 10-Q. In light of
these risks, uncertainties and assumptions, the forward-looking events
may not occur. In addition, our actual results may vary materially from
those anticipated, estimated, suggested or projected. Except as required
by law, we do not assume a duty to update forward-looking statement,
whether as a result of new information, future events or otherwise.
Investors should, however, review additional disclosures made by the
Company from time to time in its periodic filings with the Securities
and Exchange Commission. Please use caution and do not place reliance on
forward-looking statements. All forward-looking statements made by the
Company in this news release are qualified by these cautionary
statements.
Insituform® and the Insituform® logo are the
registered trademarks of Insituform Technologies, Inc. and its
affiliates.
