Avalon Holdings announces resignation of CFO Bryan Saksa and succession plan

Ronald E. Klingle, Chairman of the Board of Avalon Holdings announced that on April 26, Bryan P. Saksa resigned as CFO, Treasurer and Secretary of Avalon Holdings and from all director and officer positions of all subsidiaries of the Company. Saksa joined Avalon in December 2014 as CFO and Treasurer of the Company. Saksa was a director of the Company since April 2015 and was appointed Secretary in November 2015. Saksa’s departure is not a result of any disagreement with the Avalon or its Board of Directors relating to the Company’s operations, policies or practices or any issues regarding its accounting policies or practices. In addition, on April 26, Klingle announced that Avalon appointed Stefanie Villella, Corporate Controller of Avalon, to serve as interim CFO and Treasurer of Avalon. A search has been initiated to identify a new CFO and Treasurer.