SOURCE: Dynamic Materials Corp.

Dynamic Materials Corp.

February 15, 2011 08:00 ET

Robert Cohen Appointed to Dynamic Materials Corporation's Board of Directors

BOULDER, CO--(Marketwire - February 15, 2011) - Dynamic Materials Corporation (DMC) (NASDAQ: BOOM), the world's leading provider of explosion-welded clad metal plates, today announced that its board of directors has appointed Robert A. Cohen as an independent director. The addition of Cohen expands DMC's board to eight directors, six of whom are independent.

Cohen, 62, is managing partner of Joranel LLC, a private investment advisory firm serving institutional clients. Prior to joining Joranel in 2005, Cohen spent four years as president and CEO of Korea First Bank where he directed a turnaround effort of the 400-branch corporate and retail lender. Under Cohen's direction, Korea First Bank's non-performing loan ratio was reduced to the lowest among Korean banks, while the number of loans in its portfolio tripled. The Bank was acquired in 2005 by Standard Chartered. 

Previously, Cohen spent 25 years with Credit Lyonnais, including eight years as CEO of Credit Lyonnais USA. He taught economics and finance during his 16 years at the Paris Institut Technique de Banque et Finance and the French School of Management (ESSEC). He is a graduate of Ecole Polytechnique in Paris, and earned a doctorate in finance from the University Paris Dauphine.

Dean Allen, DMC's chairman, said, "Robert brings added insight and experience to DMC's seasoned board. His extensive work in international finance will be particularly valuable as we continue to explore a range of global growth opportunities."

About Dynamic Materials Corporation
Based in Boulder, Colorado, Dynamic Materials Corporation is a leading international metalworking company. Its products, which are typically used in industrial capital projects, include explosion-welded clad metal plates and other metal fabrications for use in a variety of industries, including oil and gas, petrochemicals, alternative energy, hydrometallurgy, aluminum production, shipbuilding, power generation, industrial refrigeration and similar industries. The Company operates three business segments: Explosive Metalworking, which uses proprietary explosive processes to fuse different metals and alloys; Oilfield Products, which manufactures, markets and sells oilfield perforating equipment and explosives; and AMK Welding, which utilizes various technologies to weld components for use in power-generation turbines, as well as commercial and military jet engines. For more information, visit the Company's websites at:
http://www.dynamicmaterials.com and http://www.dynaenergetics.de.

Contact Information

  • CONTACT:
    Pfeiffer High Investor Relations, Inc.
    Geoff High
    303-393-7044