Park Aerospace CFO Matt Farabaugh to retire

Park Aerospace announced that the Company’s Board of Directors has elected Chris Goldner as Vice President-Finance of the Company. Park also announced that P. Matthew Farabaugh, the Company’s long time Senior Vice President and CFO, plans to retire from the Company at the end of May 2024. Matt joined the Company in October of 2007 and has served as the Company’s CFO since April 2012. Matt has agreed to serve as a consultant to the Company after his retirement. Chris started with Park on March 4, 2024 and has been working with Matt and Park’s accounting staff for the last two months to facilitate the transition. Upon Matt’s retirement, Chris will report to Brian Shore, the Company’s Chairman and CEO, and Chris will serve as the Company’s principal financial officer. Chris served as Corporate Controller and Interim CFO of Spruce Power Holdings Corporation, a public company located in Boston, Massachusetts, from 2021 through 2023.