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Par Petroleum Appoints Melvyn Klein, Curt Anastasio, Timothy Clossey and Robert Silberman to Board of Directors [Health & Beauty Close - Up](Health & Beauty Close - Up Via Acquire Media NewsEdge) Par Petroleum Corp. reported the appointment of Melvyn Klein, Curt Anastasio, Timothy Clossey and Robert Silberman to the Board of Directors. In a release, the Company noted resigning from the Board were Michael Keener and Benjamin Lurie. These changes expand the Board to seven, six of whom are independent directors. "We are excited about the new additions to the Board of Directors and would like to express our gratitude to Mike and Ben for their contributions to Par's early growth," said William Monteleone, Chairman and Chief Executive Officer of Par Petroleum Corp. "The new Board brings a wealth of experience in both the building and managing of public companies, as well as significant downstream knowledge." Klein will take over the role as Chairman of the Board, while Monteleone will continue in his role as President and Chief Executive Officer; he is also a Director of the company. Klein said, "I am looking forward to working with Par's very capable Chief Executive Officer and the talented members of his management team. I am further pleased to extend my 40-year business relationship with Sam Zell, the General Partner of Par's largest shareholder. This has included working together on Anixter International since the time approximately 30 years ago that Sam invited me to join him on its Board of Directors and Executive Committee; shareholder value creation at Anixter is a matter of public record. "The other three new members of Par's board are exceptionally able people with extensive, proven experience in Par's areas of focus and interest. I look forward to working with them and the other respected, competent members of Par's Board of Directors." Klein, is a private investor and Founder of Melvyn Klein Interests. He is President of Jakk Holding Corp. Anastasio is the Executive Chairman of GasLog Partners Clossey is the President and owner at Spirit Technologies. Silberman, was named Executive Chairman of the Board of Strayer Education, Inc. in 2013. More information: http://www.ppetrol.com http://www.ppetrol.com/News ((Comments on this story may be sent to [email protected])) (c) 2014 ProQuest Information and Learning Company; All Rights Reserved. |