Clarion Technologies' Chairman Jack Rutherford
Retires, Remains Director; Board Names Director Craig
Wierda, Former Prince Corp. Director, As Its New
Chairman
HOLLAND, Mich., Jan. 29 Clarion Technologies, Inc.
today announced that its Board of Directors has elected Craig
Wierda Chairman of the Board. Mr. Wierda has been a Director of the Company
since February 1999 and has more than 16 years' experience in the automotive
industry. He replaces Jack D. Rutherford, who has retired after serving as
Clarion's Chairman for two years. Mr. Rutherford will continue to serve as a
Director of the Company.
Mr. Wierda is the President of Eagle Companies, which operates four
automobile dealerships throughout Michigan with total annual sales of more
than $100 million. In addition, from 1995 to 1996, Mr. Wierda served as a
director of Prince Corporation, a Tier I supplier in the automotive industry
that in 1996 was acquired by Johnson Controls, Inc.
Mr. Rutherford commented, "I look forward to my continued involvement with
Clarion as a Director. I believe that we at Clarion have made great strides
in the past two years, building the foundation for what will be a premier
supplier to the consumer goods, automotive and heavy truck industries. Our
shared vision at this Company, plus Craig's involvement as a Director for the
past two years, will allow for a seamless transition at the Chairman level.
I am confident that, with his experience with his own company and as a former
Director of Prince Corp. and Clarion, Craig will serve this Company and its
shareholders well in his new capacity."
Mr. Wierda said, "Only a person with Jack's experience could in two years
lead a company from a few million in sales to over $100 million. We will
greatly value his continued guidance as a Director, as we move forward in
attaining our goal of $500 million in sales in 2003. Sustaining this sort of
momentum will mean capitalizing on new business opportunities and acquiring
high-quality companies that strategically fit our business plan."
Clarion Technologies, Inc. operates six manufacturing facilities and a
technical design center with a total of approximately 700,000 square feet
located in Michigan, Ohio and South Carolina. Clarion's manufacturing
operations include 150 injection molding machines ranging in size from
50 to 5000 tons of clamping force. The Company's headquarters are located in
Holland, Michigan. Further information about Clarion Technologies, including
an electronic version of the Company's brochure, can be obtained on the Web at
http://www.clariontechnologies.com .
Except for historical information, this news release contains certain
forward-looking statements that involve unknown risks and uncertainties which
may cause actual results to differ materially from any future results,
performance or achievements expressed or implied by the statements made. Such
risks and uncertainties include, but are not limited to, uncertainties
regarding the marketing of its products, the availability of funds for ongoing
operations and further development or acquisition activities and other risks
detailed from time to time in the Company's Securities and Exchange Commission
filings. There is no assurance that the company will be successful in
achieving its goals.