Hanover Compressor Company Announces Election of Peter H. Kamin and William C. Pate to Its Board of Directors Effective January
2006年10月26日 - 7:00PM
ビジネスワイヤ(英語)
Hanover Compressor Company (NYSE:HC), a global market leader in
full-service natural gas compression and a leading provider of
service, fabrication and equipment for oil and natural gas
processing and transportation applications, announced today that it
has increased the size of its Board of Directors to add two
additional positions. Peter H. Kamin and William C. Pate have been
elected to fill the new board positions. The actions will be
effective January 1, 2007. "Hanover is pleased to have Peter and
Bill join our board," said Gordon T. Hall, Chairman of Hanover's
Board of Directors. "As principals with Hanover�s two largest
stockholders, ValueAct Capital and Equity Group Investments, LLC,
these individuals have a strong interest in Hanover�s future
success. Both Peter and Bill have experience on a diversity of
other company boards, extensive financial expertise, and proven
track records in capital markets." John E. Jackson, President and
Chief Executive Officer of Hanover, commented, �We have formed a
constructive relationship with ValueAct and EGI, who, through their
investment of capital and willingness to serve on the board, have
demonstrated their support of Hanover. We look forward to
benefiting from Peter and Bill�s expertise as we continue to build
on our recent return to profitability, our progress in improving
Hanover�s operating results and our commitment to growth in
expanding markets.� Mr. Kamin is a co-founder and Managing Partner
of ValueAct Capital, an investment partnership with more than $4.6
billion in investments that was formed in 2000. ValueAct Capital
and its affiliates hold just under 11% of Hanover�s common stock.
Mr. Kamin is also a director of Seitel Inc., a leading provider of
seismic data to the oil and gas industry, and Sirva, Inc., a global
relocations service provider. He has a B.A. from Tufts University
and an M.B.A. from Harvard Business School. Mr.�Pate is a Managing
Director of EGI, a private investment firm, and serves as a member
of the board of directors of certain private affiliates of EGI. EGI
and its affiliates hold just under 10% of Hanover�s common stock.
Mr.�Pate also serves as a director of Adams Respiratory
Therapeutics, Inc., a specialty pharmaceutical company, and Covanta
Holding Corporation, a waste disposal and energy services company.
Mr. Pate received a J.D. from the University of Chicago Law School
and a B.A. from Harvard College. Hanover Compressor Company
(NYSE:HC), a global market leader in full-service natural gas
compression and a leading provider of service, fabrication and
equipment for oil and natural gas processing and transportation
applications, announced today that it has increased the size of its
Board of Directors to add two additional positions. Peter H. Kamin
and William C. Pate have been elected to fill the new board
positions. The actions will be effective January 1, 2007. "Hanover
is pleased to have Peter and Bill join our board," said Gordon T.
Hall, Chairman of Hanover's Board of Directors. "As principals with
Hanover's two largest stockholders, ValueAct Capital and Equity
Group Investments, LLC, these individuals have a strong interest in
Hanover's future success. Both Peter and Bill have experience on a
diversity of other company boards, extensive financial expertise,
and proven track records in capital markets." John E. Jackson,
President and Chief Executive Officer of Hanover, commented, "We
have formed a constructive relationship with ValueAct and EGI, who,
through their investment of capital and willingness to serve on the
board, have demonstrated their support of Hanover. We look forward
to benefiting from Peter and Bill's expertise as we continue to
build on our recent return to profitability, our progress in
improving Hanover's operating results and our commitment to growth
in expanding markets." Mr. Kamin is a co-founder and Managing
Partner of ValueAct Capital, an investment partnership with more
than $4.6 billion in investments that was formed in 2000. ValueAct
Capital and its affiliates hold just under 11% of Hanover's common
stock. Mr. Kamin is also a director of Seitel Inc., a leading
provider of seismic data to the oil and gas industry, and Sirva,
Inc., a global relocations service provider. He has a B.A. from
Tufts University and an M.B.A. from Harvard Business School. Mr.
Pate is a Managing Director of EGI, a private investment firm, and
serves as a member of the board of directors of certain private
affiliates of EGI. EGI and its affiliates hold just under 10% of
Hanover's common stock. Mr. Pate also serves as a director of Adams
Respiratory Therapeutics, Inc., a specialty pharmaceutical company,
and Covanta Holding Corporation, a waste disposal and energy
services company. Mr. Pate received a J.D. from the University of
Chicago Law School and a B.A. from Harvard College.
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