Omega Flex (OFLX) Announces Organizational Changes

Omega Flex, Inc. (the “Company”) (NASDAQ: OFLX) today announced that in implementing best practices in our organizational development and succession management, it has evaluated the future short- and long-term needs for the success of our business at the senior levels of the organization. We are happy to report the Board of Directors has approved the following organizational changes, which are effective immediately:

(a) Dean W. Rivest has been appointed as President of the Company, reporting directly to Mark F. Albino, who has retained the position of chief operating officer of the Company,

(b) Edwin B. Moran has been appointed as Executive Vice President of Sales, including all industrial and commercial products, reporting to Mr. Rivest,(c) Matthew F. Unger has been appointed as Vice President – Finance and Chief Financial Officer, reporting to Mr. Rivest.

Kevin R. Hoben, Chairman and CEO of the Company, stated “This segregation of duties at the highest executive level in the organization allows Omega Flex to laser focus on the most critical short-term needs currently challenging our business while positioning the Company for continued success in achieving its long-term goals.”

You May Also Be Interested In

• Ball Corporation (BALL) Raises Dividend, Enters 40M Share Buyback, Announces Management Changes
• Dave & Buster's Entertainment (PLAY) Appoints Darin Harper as CFO
• Whirlpool (WHR) to cut 1,000 jobs - CFO Jim Peters