Marine Log

January 17, 2007

Leadership changes at W&O Supply

W&O Supply, the largest supplier in the U.S. of marine valves, pipe, fittings, engineered products and valve automation systems, announces a change in leadership today aimed at further accelerating the overall growth of W&O Supply and its parent company, Pon Power.

David Turner, currently the President and CEO of W&O Supply, has been promoted to the position of Director of Business Development for Pon Power, W&O Supply's parent company, and Chairman of W&O Supply.

In his new role, Turner will be tasked with growing the Pon division on a global basis during the next five years. Additionally, Turner will leverage marketing and growth opportunities in existing markets as well as execute against Pon Power's global marine business growth goals.

Turner's new position requires his relocation to Holland where he will work out of the Pon Power headquarters in Almere, The Netherlands.

In his role as Chairman of W&O Supply, Turner will ensure that both W&O Supply and newly acquired A-T controls maintain sufficient autonomy in pursuit of their aggressive growth strategies.

Replacing David Turner as President and CEO of W&O Supply will be Jack Guidry, currently the company's Vice President and National Sales Manager.

"As we move into the future and continue to look for growth opportunities, I am confident that Jack's leadership will be the driving force necessary for W&O Supply to reach its aggressive goals," said David Turner. "He understands our company, our customers, is an industry expert and most importantly, is a respected leader of W&O Supply's most important asset--its employees."