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|Lapolla Announces Appointment of CFO|
Lapolla Announces Appointment of CFO
Experienced Industry Professional Joins Management Team
HOUSTON, TX -- (Marketwire) – May 11, 2010 -- Lapolla Industries, Inc. ("Lapolla") (OTCBB: LPAD), a leading national manufacturer and distributor of insulation foam, coatings, and equipment, focused on commercial and industrial and residential applications in the insulation and construction industries, today named Charles Zajaczkowski as its new Chief Financial Officer. He was appointed to the position, effective May 10, 2010, and reports directly to Douglas J. Kramer, Lapolla’s CEO and President.
Mr. Zajaczkowski has held executive positions within the foam, coatings, and equipment sectors, bringing extensive industry management experience in P & L optimization, operational turnarounds, cash flow management, strategic visioning, and profit maximization, to Lapolla. From 2003 – 2009, he was president of Komo Machine, Inc., where he led both domestic and Chinese operations with full P & L accountability for this CNC machinery manufacturer. Komo employed over 120 workers in Minnesota and China. He was also the president of Futura Coatings, from 2001 – 2003, where he oversaw operations related to full P & L accountability for this specialty coatings manufacturer, which included 5 divisions as well as domestic and European sales offices. Previous to Futura Coatings, from 1995 – 2000, he held the position of chief financial officer with IPI International Inc., a foam manufacturer with over 100 personnel and 4 manufacturing facilities in the U.S. and Canada. Mr. Zajaczkowski holds a Bachelor of Science in Business Administration from Delaware State College.
Douglas J. Kramer, CEO and President of Lapolla, commented, “Lapolla is extremely pleased to welcome Charles to our company and our management team. He brings with him a wealth of financial and industry experience as well an excellent track record of maximizing a Company’s profitability, managing cash efficiently, and optimizing P & L.”
About Lapolla Industries, Inc.
Lapolla Industries, Inc. is a national manufacturer of insulation foam and coating products targeting commercial, industrial and residential applications in the roofing and insulation construction industries. Additional information about Lapolla is available on the World Wide Web at www.Lapolla.com.
Douglas J. Kramer, CEO
Michael T. Adams, CGO