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Park Aeropsace Corp. Announces Ben Shore is Leaving the Company

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Park Aerospace Corp. (NYSE-PKE) announced the departure of Ben Shore, its Senior Vice President of Sales, Marketing, and Business Development, effective December 23, 2020. Chairman and CEO Brian Shore expressed appreciation for Ben's contributions and wished him well in future endeavors. Park Aerospace specializes in developing advanced composite materials for aerospace markets, including solutions for jet engines and military aircraft. The company also fabricates composite parts and structures aimed at niche aerospace applications.

Positive
  • Park Aerospace develops specialized advanced composite materials for various aerospace applications, enhancing its market position.
  • The company provides a diverse range of composite solutions, including products for niche markets like drones and military aircraft.
Negative
  • The departure of a senior executive may lead to uncertainties in leadership and strategic direction.

NEWTON, Kansas, Nov. 16, 2020 (GLOBE NEWSWIRE) -- Park Aerospace Corp. (NYSE-PKE) announced that Ben Shore, the Company’s Senior Vice President of Sales, Marketing and Business Development, has decided to leave the Company. Ben’s last day with the Company is planned to be December 23, 2020.

Brian Shore, Park’s Chairman and CEO, said, “Ben is a great guy and a very smart guy. All of us who worked with him at Park very much enjoyed and appreciated being able to do so. It has been a real pleasure for us. We all wish Ben well in his future endeavors. We also all wish Ben the best of luck, which he likely will not need. Thanks Ben. It has been great working with you!”

Park Aerospace Corp. develops and manufactures solution and hot-melt advanced composite materials used to produce composite structures for the global aerospace markets. Park’s advanced composite materials include film adhesives (undergoing qualification) and lightning strike materials. Park offers an array of composite materials specifically designed for hand lay-up or automated fiber placement (AFP) manufacturing applications. Park’s advanced composite materials are used to produce primary and secondary structures for jet engines, large and regional transport aircraft, military aircraft, Unmanned Aerial Vehicles (UAVs commonly referred to as “drones”), business jets, general aviation aircraft and rotary wing aircraft. Park also offers specialty ablative materials for rocket motors and nozzles and specially designed materials for radome applications. As a complement to Park’s advanced composite materials offering, Park designs and fabricates composite parts, structures and assemblies and low volume tooling for the aerospace industry. Target markets for Park’s composite parts and structures (which include Park’s proprietary composite SigmaStrut™ and AlphaStrut™ product lines) are, among others, prototype and development aircraft, special mission aircraft, spares for legacy military and civilian aircraft and exotic spacecraft. Park’s objective is to do what others are either unwilling or unable to do. When nobody else wants to do it because it is too difficult, too small or too annoying, sign us up.

Additional corporation information is available on the Company’s web site at www.parkaerospace.com.

Contact:Donna D’Amico-Annitto486 North Oliver Road, Bldg. Z 
  Newton, Kansas 67114
  (316) 283-6500

FAQ

What is the significance of Ben Shore's departure for Park Aerospace Corp (PKE)?

Ben Shore's departure may impact company leadership and strategic initiatives, although the full effect remains to be seen.

When is Ben Shore's last day with Park Aerospace?

Ben Shore's last day with Park Aerospace is planned for December 23, 2020.

What does Park Aerospace Corp (PKE) specialize in?

Park Aerospace specializes in developing and manufacturing advanced composite materials for the aerospace industry.

What markets does Park Aerospace (PKE) serve?

Park Aerospace serves markets including jet engines, military aircraft, drones, and special mission aircraft.

Park Aerospace Corp.

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