Dynamic Materials names new leader
Last Updated: 15:55 October 11, 2012
Cariou, 66, served as president and CEO for Dynamic Materials since 2000.
Cariou helped expand the company's production facilities and customer base from the United States to include France, Germany, Canada and Russia. When Cariou took the helm, the company had annual revenue of $24.3 million and a net loss of $1.7 million. As he departs, the company has annual revenue of $208.9 million and net income of $12.5 million.
Longe, 53, joined the metal-plate manufacturer in July as executive vice president, chief operating officer and director. He will start his new job March 1.
Boulder-based Dynamic Materials (Nasdaq: BOOM) operates three business segments: Explosive Metalworking, which uses explosive processes to fuse different metals and alloys; Oilfield Products, which manufactures, markets and sells explosive components and systems used to perforate oil and gas wells; and AMK Welding, which uses various technologies to weld components for use in power-generation turbines, as well as commercial and military jet engines.
"After an exhaustive review of prospective candidates, we recently appointed Kevin to our executive team as an initial step in a succession program we commenced nearly two years ago," chairman Dean Allen said. "We have been extremely impressed with his leadership skills, his rapid assimilation of our three operating segments and the opportunistic view he has taken of DMC's future."
Previously, Longe was a vice president and general manager of Sonoco Inc.'s protective packaging division, and also served as president of its ThermoSafe brands business. During a six-year tenure with Lydall Inc., Longe served as president of three separate operating divisions.
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The call will begin at 8 a.m. Mountain Time. Management will discuss
The call will begin at 2:30 p.m. Mountain Time.