Advanced Drainage Systems (WMS) Adds New Board Member
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Advanced Drainage Systems, Inc. (NYSE: WMS) announced that it has appointed Carl Nelson to its board of directors, effective August 4, 2016. Mr. Nelson fills the vacancy created by the departure of David Horing.
“We are very excited to have Carl join ADS’ Board of Directors,” said Joe Chlapaty, Chairman and CEO of ADS. “Carl brings significant public company accounting and financial expertise, as well as over three decades of experience as a business consultant and strategic advisor to management teams and boards. We are confident that his contributions to ADS’ Board will prove invaluable as we continue to outperform the overall market by driving conversion opportunities from traditional materials.”
“On behalf of the board and all the ADS employees worldwide, I also want to thank David Horing for his contributions to the growth and success of ADS during his tenure on the board. American Securities has been a strong partner of ours since their initial investment in 2010 and we look forward to their continued support going forward. ” Chlapaty added.
Mr. Nelson began his career at Arthur Andersen in 1971 and worked there until 2002, retiring after 31 years of service. During his career he served as an audit partner and led the audit practice in the Columbus, OH office. Following the creation of Andersen Consulting, Mr. Nelson led the effort to establish the consulting practice within Arthur Andersen, eventually assuming the role of Managing Partner of the Columbus, OH office and leading the firm’s consulting services for the products industry in the United States.
Mr. Nelson is an Independent Director for Worthington Industries, Inc., a $3 billion diversified metal processing company, where he has been the audit committee chair since 2004 and a member of the executive committee. In addition, he serves on the board of Star Leasing, a $115 million ESOP owned company that leases semi-trailers. Mr. Nelson was a director at Dominion Homes Inc. and served as chair of the audit committee and a member of the governance committee from 2003 until June 2008, when he chaired a special committee to take the company private. He has also served in an advisory capacity on the boards of Stonehenge Capital, Huntington Funds, Schearer’s Foods, BRC Realty and Marketsphere Consulting.
In addition to his board experience, Mr. Nelson is an independent business consultant working with companies on strategic planning, acquisitions, financial matters and executive coaching. He has also taught in the MBA and executive programs at The Ohio State University and is a member of the Dean’s Advisory Council for the Fisher College of Business at Ohio State.
Mr. Nelson received his Bachelor’s degree from The Ohio State University and his Master of Business Administration from the University of Wisconsin. He is a CPA and a member of The Ohio Society of Certified Public Accountants and The American Institute of Certified Public Accountants.
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