NEWPORT BEACH, Calif. - American Vanguard Corporation (NYSE:AVD), a diversified specialty and agricultural products company, has announced the upcoming retirement of Mort Erlich from its board of directors. Erlich, who joined the board in October 2013 and has chaired the Audit Committee, will retire following the filing of the company's Form 10-K for the year ended December 31, 2023.
Steven Macicek is set to succeed Erlich as Chair of the Audit Committee. Macicek, with a background as Global Client Services Partner at Ernst & Young and a member of the firm's Center for Board Matters, brings extensive experience in corporate governance and advisory services to high-growth and multinational corporations.
The company's Chairman and CEO, Eric G. Wintemute, expressed gratitude for Erlich's contributions, highlighting his expertise in accounting and effective management of auditors. Wintemute also welcomed Macicek to the board, noting his accounting acumen and experience in business transformation, which is expected to support American Vanguard's ongoing initiatives.
American Vanguard has grown over the past 20 years, expanding into 17 countries with over 1,000 product registrations worldwide. The company focuses on growth initiatives in its core business, green solutions, and precision agriculture innovation. It is part of the Russell 2000® and Russell 3000® Indexes.
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