Servotronics Announces New Director
1110 Maple Street ♦ P.O. Box 300 ♦ Elma, New York 14059-0300 ♦ 716-655-5990 ♦ FAX 716-655-6012
July 19, 2016
SERVOTRONICS, INC. APPOINTS EXPERIENCED FINANCIAL EXECUTIVE TO THE BOARD OF DIRECTORS
Elma, NY – Servotronics, Inc. (NYSE MKT– SVT) announces the appointment of Christopher (Chris) M. Marks, an experienced financial specialist, to the Board of Directors effective immediately.
“We look forward to working with Chris Marks as a member of our Board of Directors,” said Company President Kenneth D. Trbovich. “Chris brings over 25 years of financial analysis, business management, and succession planning experience to Servotronics.”
Mr. Marks is a partner in the financial planning company Jensen, Marks, Langer & Vance, where he provides money management and business planning services. Prior to joining Jensen, Marks, Langer & Vance and its predecessor company Buffalo Financial Associates, Mr. Marks practiced commercial and corporate law at Phillips Lytle in Buffalo, NY. Earlier in his career, Mr. Marks spent several years working for the auditing and consulting firm Price Waterhouse in New York City.
Mr. Marks received a Bachelor’s Degree in Business from Villanova University, a Master of Business Administration from St. Bonaventure University, and a Juris Doctorate with honors from the State University of New York at Buffalo. Mr. Marks is a member of the New York State and Erie County Bar Associations, is a past president of the Buffalo Chapter of the Society of Financial Service Professionals, and served on various boards and advisory committees for privately held companies, charities, and educational institutions. He will serve on the Company’s Independent Directors Committee and Audit Committee.
Servotronics, Inc. is composed of two groups – the Advanced Technology Group (ATG) and the Consumer Products Group (CPG). The ATG primarily designs, develops and manufactures servo control and other components for various commercial and government applications (i.e., aircraft, jet engines, missiles, manufacturing equipment, etc.). The CPG designs and manufactures cutlery, bayonets, machetes and combat, survival, sporting, agricultural, and pocket knives for both commercial and government applications.
SERVOTRONICS, INC. (SVT) IS LISTED ON NYSE MKT