CECO Environmental Announces Appointment of Richard F. Wallman to its Board of Directors

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CECO Environmental Corp. (Nasdaq: CECE) has appointed Richard F. Wallman, former CFO of Honeywell, to its board of directors as of November 8, 2021. Wallman brings over 30 years of financial management experience from companies like IBM and Chrysler, along with a strong background in global business challenges. CECO's chairman, Jason DeZwirek, expressed confidence in Wallman's ability to support the company's growth strategy. Wallman aims to assist CECO in executing its transformation strategy, accompanied by a capable leadership team.

Positive

• Appointment of Richard F. Wallman enhances board expertise and leadership.
• Wallman's extensive experience in financial management and global business will support CECO's growth and transformation strategy.

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• None.

DALLAS, Nov. 8, 2021 /PRNewswire/ -- CECO Environmental Corp. (Nasdaq: CECE), a leading global air quality and fluid handling company serving the energy, industrial and other niche markets, today announced Richard F. Wallman, former Chief Financial Officer of Honeywell, has joined the company's board of directors.

Wallman has a 30-year career in financial executive management with a variety of firms, including Honeywell, its predecessor AlliedSignal, IBM and Chrysler. He also brings a diverse portfolio of board experience, currently serving as a director for Roper Technologies and Charles River Laboratories.

"We are pleased to welcome a business leader of Richard's caliber to the CECO organization," said Jason DeZwirek, chairman, CECO Environmental. "He brings a wealth of expertise in global business, industry, manufacturing and operations, along with a deep understanding of global challenges and opportunities. I look forward to Richard bringing his relevant experience to support the strategy behind our transformational journey."

"I want to thank CECO for the opportunity to join the board and help the company execute their growth and transformation strategy," said Wallman. "I've known Todd for more than 20 years and have had the pleasure of working with him during our time at Honeywell. CECO has an extremely capable leadership team, great businesses and tremendous potential."

Added CECO Chief Executive Officer Todd Gleason, "Richard is a great addition to CECO, as he adds the right depth and breadth to our organization. I personally look forward to working with him in advancing the strategy that the CECO leadership team and board all have signed on to accomplish."

Wallman received a Bachelor of Engineering degree from Vanderbilt University and an MBA from The University of Chicago Booth School of Business.

ABOUT CECO ENVIRONMENTAL
CECO Environmental is a global leader in industrial air quality and fluid handling serving a broad landscape of industrial and other niche markets. Providing innovative technology and application expertise, CECO helps companies grow their business with safe, clean, and more efficient solutions that help protect our shared environment. In regions around the world, CECO works to improve air quality, optimize the energy value chain, and provide custom Engineered Systems for applications including power generation, petrochemical processing, general industrial, refining, midstream oil & gas, electric vehicle production, poly silicon fabrication, battery recycling, beverage can, and water/wastewater treatment along with a wide range of other applications. CECO is listed on Nasdaq under the ticker symbol "CECE". For more information, please visit www.cecoenviro.com.

Contact:

Matthew Eckl, Chief Financial Officer
(888) 990-6670
investor.relations@onececo.com

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SOURCE CECO Environmental Corp.

FAQ

Who is Richard F. Wallman in relation to CECO Environmental?

Richard F. Wallman, former CFO of Honeywell, has joined the board of directors of CECO Environmental.

What experience does Richard F. Wallman bring to CECO Environmental?

Wallman has over 30 years of financial management experience with firms like Honeywell, IBM, and Chrysler.

What is the significance of Wallman's appointment for CECO Environmental?

His appointment is expected to enhance CECO's board expertise and aid in executing its growth and transformation strategy.

When was Richard F. Wallman appointed to the CECO Environmental board?

Wallman was appointed to the CECO Environmental board on November 8, 2021.

What role will Wallman have on CECO Environmental's board?

He will support CECO's strategy and growth initiatives leveraging his extensive experience in global business.