MEDINA, Ohio, October 25, 2005 - Corrpro Companies, Inc. (Pink Sheets: CRRP) announced today that Joseph P. Lahey, Chief Executive Officer and President, will be leaving the Company.
The Company also announced that James A. Johnson will serve as acting Chief Executive Officer and President. Mr. Johnson has been Chairman of Corrpro's Board of Directors since March 2004. Mr. Johnson is a Principal of Wingate Partners III, L.P., which holds a controlling interest in Corrpro. The Company will immediately begin a search for a new Chief Executive Officer and President.
Corrpro, headquartered in Medina, Ohio, with over 30 offices worldwide, is the leading provider of corrosion control engineering services, systems and equipment to the infrastructure, environmental and energy markets around the world. Corrpro is the leading provider of cathodic protection systems and engineering services, as well as corrosion protection services relating to coatings, pipeline integrity and reinforced concrete structures.
Except for historical information, the matters discussed in this press release are forward-looking statements relating to the business of the Company. Forward-looking statements are based on management's expectations as of the date hereof. Actual results may differ materially from those expressed or implied by the forward-looking statements. The Company assumes no obligation to update any of the information contained or referenced in this press release. |