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LAKE SUCCESS,
New York, May 22, 2000…Park Electrochemical Corp. (NYSE-PKE) announced
the election of Clive Hepplestone as Vice President of Park Electrochemical
in charge of Nelco/Dielektra Europe, the company's European business
unit. Mr. Hepplestone was also elected as the Managing Director
of Nelco/Dielektra Europe. Nelco/Dielektra Europe includes the following
subsidiaries of the company: New England Laminates (U.K.) Ltd. located
in Skelmersdale, England, Nelco, S.A. located in Mirebeau, France,
and Dielektra GmbH located in Cologne, Germany.
Mr. Hepplestone
originally joined the company in 1978 and has held positions of
increasing responsibility in the company's European business unit
in the areas of finance and accounting, operations and marketing
and sales. Most recently, Mr. Hepplestone served as the Commercial
Director for the company's Nelco/Dielektra European business unit
with overall responsibility for the company's sales and marketing
effort in Europe. Prior to 1978, Mr. Hepplestone held financial
positions with Courtaulds, Baird Textile Holdings and Baracuta Clothiers
in England. Mr. Hepplestone graduated from Manchester Polytecnic
in 1972. Mr. Hepplestone is a chartered accountant in the United
Kingdom.
Brian E. Shore,
Park's President and CEO, said, "We are all very pleased that Clive
Hepplestone has become the new Managing Director and leader of our
Nelco/Dielektra European business unit. Clive is taking the reins
of our European high-technology electronics materials business at
a very exciting and challenging time for us. The current opportunities
for Nelco/Dielektra in Europe seem to be almost unlimited at this
time. With Clive's leadership, I am confident that Nelco/Dielektra
Europe will prosper and thrive."
Certain portions
of this press release which do not relate to historical financial
information may be deemed to constitute forward looking statements
that are subject to various factors which could cause actual results
to differ materially from Park's expectations. Such factors include,
but are not limited to, general conditions in the electronics industry,
Park's competitive position, the status of Park's relationships
with its customers, economic conditions in international markets,
and the various factors set forth under the caption "Factors That
May Affect Future Results" after Item 7 of Park's Annual Report
on Form 10-K for the fiscal year ended February 28, 1999.
Park Electrochemical
Corp. is a leading designer and producer of advanced electronic
materials used to fabricate complex multilayer printed circuit boards
and interconnection systems. Park's electronic materials business
operates under the "Nelco" name. Park also manufactures specialty
adhesive tapes and advanced composite materials for the electron-ics,
aerospace and industrial markets.
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