CECO ENVIRONMENTAL ANNOUNCES EXECUTIVE TRANSITION IN FINANCE AND HUMAN RESOURCES

DALLAS, Aug. 8, 2022 /PRNewswire/ — CECO Environmental Corp. (Nasdaq: CECE) (“CECO”), a main environmentally focused, diversified industrial organization whose solutions safeguard men and women, the setting, and industrial machines, right now declared Matthew Eckl, Main Economical Officer, and Pamela Turay, Senior Vice President – Human Methods will be leaving the enterprise in August to pursue other opportunities. Eckl had been with the organization because 2017 and Turay since 2018.

Powerful Aug. 15, 2022, Peter Johansson will join CECO as Chief Economical and Method Officer. CECO’s existing Normal Counsel Lynn Watkins-Asiyanbi will suppose the freshly made function of Main Administrative and Legal Officer, which incorporates the legal, human assets and company communication functions.

“Matt and Pam have been useful members of the CECO leadership group and have aided the firm progress in numerous vital places,” claimed Todd Gleason, Main Government Officer, CECO Environmental. “CECO is stronger due to the fact of their initiatives, and we want them achievement in their foreseeable future endeavors.”

Eckl commented, “I am privileged to have been a portion of this sort of an unbelievable group and I am happy of our achievements during my tenure with CECO. The organization is in a excellent posture, and I am fully commited to supporting a smooth changeover.”

“I’m enthusiastic to welcome Peter to CECO as our up coming Main Financial and Approach Officer. He brings a sizeable volume of financial, small business advancement and approach encounter to our business at the great time for us as we imagine that we are genuinely getting momentum toward our ongoing transformation,” included Gleason. “Also, broadening Lynn’s part as our Chief Administrative and Lawful Officer will unlock new processes and perspectives to align our functional excellence with our business strategies and advancement deployment targets. We hope these important management improvements additional advance our progress and execution of the CECO’s strategic prepare to develop extensive-time period worth for our stockholders.”

Johansson has more than 30 yrs of assorted industrial enterprise encounter with firms these kinds of as Accudyne Industries, IDEX Company, ITT Company, Trane Technologies, WABCO, Honeywell and AlliedSignal. He has led elaborate organizations by means of transformational growth, and provides new perspectives and capabilities all over financial assessment, money market plans and primary principles with respect to business enterprise progress applications and operational success. Due to the fact Oct 2021, Johansson has worked with CECO as a guide, aiding the leadership team with assessing industry techniques and small business improvement chances.

Watkins-Asiyanbi joined CECO in June 2022 as Senior Vice President, General Counsel and Company Secretary. She has in excess of 25 yrs of industrial small business encounter, with worldwide industrial businesses these types of as John Bean Technologies, W.W. Grainger, Inc. U.S. Food items, Inc., Mars, Inc., and Typical Mills. Watkins has a multitude of practical experience and competencies, particularly with mergers and acquisitions, producing functions, ethics, company governance, CSR and ESG, and monetary and regulatory compliance.

CECO Environmental is a foremost environmentally targeted, diversified industrial organization, serving a broad landscape of industrial air, industrial h2o and electrical power transition marketplaces throughout the globe by way of its crucial business enterprise segments: Engineered Systems and Industrial Course of action Remedies. Offering progressive technology and application know-how, CECO can help providers develop their business with safe and sound, clean up, and more successful answers that aid guard folks, the setting and industrial machines. In areas all around the earth, CECO works to boost air high quality, optimize the vitality price chain, and offer custom solutions for programs which includes electric power technology, petrochemical processing, basic industrial, refining, midstream oil and gas, electrical vehicle manufacturing, poly silicon fabrication, battery recycling, beverage can, and drinking water/wastewater cure alongside with a vast array of other apps. CECO is shown on Nasdaq below the ticker symbol “CECE.” Incorporated in 1966, CECO’s international headquarters is in Dallas, Texas. For additional information and facts, remember to pay a visit to www.cecoenviro.com.

Media Get in touch with:
Kimberly Plaskett, Corporate Communications
[email protected]

Trader Relations Make contact with:
Steven Hooser or Gary Guyton
3 Part Advisors, LLC
214-872-2710 
[email protected]

Any statements contained in this Press Launch, other than statements of historic fact, like statements with regards to the gains from changes to our management crew, our business method and programs, marketplace advancement, and our objectives for upcoming operations, are forward-hunting statements inside of the that means of Part 27A of the Securities Act of 1933 and Area 21E of the Securities Trade Act of 1934, both of those as amended, and should be evaluated as such. These statements are designed on the basis of management’s views and assumptions pertaining to potential gatherings and enterprise performance. We use words such as “consider,” “assume,” “foresee,” “intends,” “estimate,” “forecast,” “challenge,” “will,” “prepare,” “ought to” and similar expressions to establish forward-seeking statements. Forward-on the lookout statements involve pitfalls and uncertainties that may possibly trigger true final results to differ materially from any potential success, effectiveness or achievements expressed or implied by this sort of statements. Potential pitfalls and uncertainties, amid other people, that could result in genuine effects to differ materially are talked over beneath “Part I – Item 1A. Chance Things” of the Firm’s Yearly Report on Sort 10-K for the fiscal year finished December 31, 2021, and include things like, but are not constrained to: the sensitivity of our small business to economic and money market ailments generally and economic circumstances in CECO’s services regions dependence on set price tag contracts and the risks affiliated therewith, which includes actual expenses exceeding estimates and process of accounting for profits the effect of development on CECO’s infrastructure, methods, and existing product sales the potential to broaden operations in both of those new and current markets the likely for contract delay or cancellation as a end result of on-going or worsening source chain troubles liabilities arising from defective services or solutions that could consequence in significant specialist or product legal responsibility, guarantee, or other statements adjustments in or developments with respect to any litigation or investigation failure to meet up with well timed completion or general performance requirements that could outcome in better expense and reduced profits or, in some situations, losses on initiatives the opportunity for fluctuations in rates for made elements and raw resources, which includes as a final result of tariffs and surcharges the substantial volume of credit card debt incurred in relationship with our strategic transactions and our skill to repay or refinance it or incur further financial debt in the potential the influence of federal, point out or regional govt regulations our capability to repurchase shares of our common stock and the quantities and timing of repurchases, if any economic and political ailments commonly our means to efficiently realize the predicted advantages of our restructuring system our skill to successfully combine acquired companies and comprehend the synergies from strategic transactions and unpredictability and severity of catastrophic situations, which includes cyber protection threats, acts of terrorism or outbreak of war or hostilities or public well being crises, these types of as uncertainties about the extent and length of impacts of matters connected with the novel coronavirus (“COVID-19”), as effectively as management’s response to any of the aforementioned variables. Several of these hazards are outside of management’s means to manage or forecast. Ought to just one or additional of these challenges or uncertainties materialize, or should really the assumptions establish incorrect, precise benefits may perhaps range in product facets from individuals at the moment expected. Investors are cautioned not to position undue reliance on this sort of forward-seeking statements as they communicate only to our sights as of the day the statement is made. Moreover, ahead-hunting statements speak only as of the day they are manufactured. Besides as expected underneath the federal securities rules or the procedures and polices of the Securities and Exchange Commission, we undertake no obligation to update or critique any ahead-hunting statements, whether as a result of new information, potential events or normally.

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