Sorry to Hear You're Going
Sent: Thu November 1, 2012 12:45
To: 'david.fowler@cymat.com'
Subject: Sorry to Hear You're Going
David
As you know I’ve been a shareholder in Cymat Technologies for 12 long years, yes with many more downs then ups, and have seen many good people come and go at all levels. You have been an excellent President and COO and have moved this business along significantly in your short tenure with the company. Your departure is a great loss to shareholders and the company alike and will impact the progress made to date by you and your team. Most of us had a feeling, or probably more of a hope, that Cymat was finally moving on its growth segments which seemed to be opening up under your leadership and that we would all finally start to see some recurring revenue streams resulting from this work. Obviously Cymat has a much deeper issue at its core that the Board of Directors need to address immediately or this recurring cycle of leadership replacement will continue unchecked. All I can do now is wish you and your family all the best in your future endeavors and say thank you for all you have done for this company and its shareholders alike.
Regards Dave
*** As posted on Stockhouse this morning ****
The cycle continues and the tenure becomes shorter for a President of Cymat Technologies Ltd. Again another AGM goes by with shareholders not knowing that the President already knows he's giving his last corporate update, and that time is also running out for them too! At what time does the board of directors replace the common denominator, since 2000, Michael Liik?
Sept 2010 to Oct 2012 - David Fowler, President and Chief Operating Officer
May 2008 to August 2010 - Tim Hardman, President and Chief Operating Officer
June 2006 to April 2008 - Chris Skillen, President and Chief Operating Officer
October 2003 to May 2006 - Dr. Paul Tichauer, CEO and President
2000 to September 2003 - Michael Liik, CEO and President
Cymat Announces Appointment of New President and Chief Operating Officer
Toronto, Ontario (September 9, 2010)
Cymat Technologies Ltd. (TSX: CYM) today announced the appointment of David Fowler as its new President and Chief Operating Officer. He will be replacing Tim Hardman who currently holds that position. David brings to Cymat extensive executive leadership experience with particular expertise in technical foam products with long sales cycles. In his previous position as Group Vice President of Woodbridge Foam Corporation - a privately-held, multi-national auto parts company - David was part of the company’s Executive Committee and directly responsible for the company’s largest division with numerous plants in 11 countries.
Prior to this position, David worked for many years in both product and business development gaining extensive experience in converting technical innovations into profitable and growing businesses. David has a mechanical engineering degree from Waterloo and holds an MBA from Rotman. “I am very excited about the opportunity to lead Cymat’s commercialization efforts and to position it for significant growth” said David Fowler, Cymat’s new President and COO.
“We are pleased to have attracted a person of David’s experience and accomplishments to Cymat at this critical point in our development.” said Michael Liik, CEO and Chairman of Cymat. He went on to say that “ Having commercialized many new technical products and created successful businesses around the world, David is well equipped to deal with the challenges of driving sales and realizing the full potential of SmartMetal in Cymat’s key defense and automotive verticals.”
The Company would like to thank Tim Hardman for his considerable efforts and accomplishments during his tenure at Cymat. Tim will be staying on for a period of time to ensure that a seamless and effective transition is achieved - particularly with Cymat’s key defense customers and partners. Thereafter, he will be available to Cymat in a consulting capacity.
CYMAT REPORTS FISCAL 2011 - SECOND QUARTER RESULTS [New Release December 2010]
"We are very pleased with the progress made this year with our commercialization activities," said Michael Liik, Cymat's Executive Chairman. He added, "The inclusion of our Alusion product in such high profile projects as the 911 Memorial Museum in New York and the Vanke Center in China should serve to accelerate the penetration of our material into other high end applications."
"The on-going integration of SmartMetal™ by several military vehicle OEM's and armour integrators into their specific IED solutions continues to show positive results," said David Fowler, Cymat's new President and COO. He went on to say that "We are optimistic that these commercialization initiatives will continue to gain momentum through the remainder of the year."
**** Same old, same old .... nothing really changes at Cymat! ****