Exhibit 99.1
For Immediate Release
Contact: Richard A. Santa
Vice President, Chief Operating and Chief Financial Officer
Dynamic Materials Corporation
303-604-3938
DYNAMIC MATERIALS CORPORATION NAMES NEW PRESIDENT AND CHIEF EXECUTIVE OFFICER
(Lafayette, CO - November 21, 2000) Dynamic Materials Corporation, (Nasdaq:
BOOM), "DMC", today announced that the board of directors has elected Yvon
Pierre Cariou as the president and chief executive officer of DMC. Mr. Cariou
replaces Bernard Fontana who had become DMC's president and chief executive
officer on June 14, 2000 when SNPE, Inc. acquired a majority ownership interest
in the Company. As a result of the assumption of new responsibilities within
Groupe SNPE, the French parent of SNPE, Inc., Mr. Fontana resigned as DMC's
president and chief executive officer but will continue to serve as president of
SNPE, Inc. and as a member of DMC's board of directors.
Mr. Cariou, 54, has extensive senior management experience in fields closely
related to the activities of DMC, including the manufacturing of specialty metal
products and precision components for the aerospace industry. During the past
two years, Cariou was President/CEO of AstroCosmos Metallurgical Inc., an exotic
metal fabricator specialist in cladding equipment, where he facilitated the
integration of this recent acquisition by Carbone Lorraine into the group. From
1993 until late 1998, as a partner in Hydrodyne/FPI Inc., a space components
supplier, Mr. Cariou was involved in a number of space related programs ranging
from improvement to the Space Shuttle Main Engine to various NASA satellite
projects. Earlier in his career, Cariou spent 14 years with Carbone Lorraine
Group, a diversified French industrial group, where he held various management
positions in both France and the United States. Mr. Cariou is a U.S. citizen.
Based in Lafayette, Colorado, Dynamic Materials Corporation is a leader in the
metal working industry, and its products include explosion bonded clad metal
plates and other metal fabrications for the petrochemical, chemical processing,
satellite/launch vehicle, commercial aircraft, defense and a variety of other
industries.
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For more information on Dynamic Materials Corporation
visit the Company's web site at http://www.dynamicmaterials.com
