Ironclad Performance Wear Corporation (OTCBB:ICPW), a global high-performance gloves and apparel company, announced today that it has hired Wall Street veteran Avi Suriel as its new chief financial officer.
As the new chief financial officer, Suriel will lead the financial strategy of Ironclad as it grows its global markets by focusing on capital structure, budgeting, financial reporting, and communication with the investor community.
“We’re very fortunate to have attracted Avi Suriel to join our company. His background and credentials will be instrumental in fueling our growth through the development and management of a sound financial strategy,” said Ed Jaeger, president and chief executive officer.
With 20 years in finance and management, Suriel’s background includes positions at Merrill Lynch, Morgan Stanley & Smith Barney in research and investment banking. As a director at Smith Barney’s investment banking division, he was responsible for creating global investment banking opportunities by identifying leading companies for underwriting and corporate finance business. For the past few years, Avi Suriel was senior advisor for several start-ups and mid-sized companies, acting as COO, CFO and executive vice president for business development in the technology, consumer products and media sectors.
“Ironclad is an innovative and exciting company with outstanding product lines and a wonderful reputation. I look forward to helping establish a solid financial position as we grow and create value for our shareholders,” Suriel said.
Tom Kreig, who served as Interim CFO of Ironclad since April 2007, will resume his role as vice president of finance, responsible for key accounting functions, treasury and controller duties.
About Ironclad Performance Wear Corporation
Ironclad, which created the performance work glove category in 1998, continues to leverage its leadership position in the construction and industrial markets through its expansion into the cross-over action sports and outdoor enthusiast markets. With its focus on innovation, design, advanced material science and durability, Ironclad engineers, manufactures and sells a comprehensive line of task-specific gloves and performance-fabric apparel. Ironclad’s products are available at hardware stores, home centers, industrial suppliers, lumber yards, and sporting goods retailers nationwide, and in Australia, Canada, Japan, Hungary, and the United Kingdom.
For more information on Ironclad, please visit the Company's Website at www.ironclad.com.