– USA, OH – Advanced Drainage Systems, Inc. (NYSE: WMS), a leading global manufacturer of water management products and solutions for commercial, residential, infrastructure and agricultural applications, today announced that Manuel Perez de la Mesa was elected to the Company’s Board of Directors at July 23, 2019, Annual Meeting of Stockholders, effective immediately. Additionally, the Company announced that Richard A. Rosenthal and Abigail S. Wexner retired from its Board of Directors upon the expiration of their respective terms as directors following the Annual Meeting.
Mr. Perez de la Mesa served as President and Chief Executive Officer of Pool Corporation (NASDAQ: POOL), a global wholesale distributor of swimming pool equipment, parts and supplies, and related outdoor living products, from 2001 until 2018 and as President and Chief Operating Officer from 1999 to 2001. Prior to joining Pool Corporation, he held leadership positions at Watsco, Inc. (NYSE: WSO), Fresh Del Monte Produce B.V., IBM (NYSE: IBM) and Sea-Land Service Inc./R.J. Reynolds Inc. Mr. Perez de la Mesa is a director of Pool Corporation, Hamilton HoldCo, LLC, the U.S. subsidiary of the Reece Group (ASX: REH), a leading distributor of plumbing, waterworks and HVAC-R products in Australia and New Zealand, and AEA TCB Holdings LP, a distributor of glass and plastic rigid packaging in North America. He also served on ARC Document Solutions, Inc.’s (NYSE: ARC) board of directors from 2004 until 2018.
Mr. Perez de la Mesa holds a B.A. in Business Administration from Florida International University and a Master of Business Administration from St. John’s University.
“Manuel is a respected leader who brings tremendous expertise in industrial distribution, strategic planning, and international operations. His breadth of experience and commitment to excellence will be valuable assets to ADS, and we look forward to his contributions to our Board,” said Robert Kidder, Chairman of the Board of Directors.
Kidder continued, “Additionally, I would like to extend my gratitude and well wishes to Richard Rosenthal and Abigail Wexner who have chosen not to stand for re-election. During Mr. Rosenthal’s tenure as a board member, he helped grow ADS from a small, local start-up to the leading global manufacturer of water management solutions we are today. Ms. Wexner helped guide the Company through our IPO, led our Nominating and Corporate Governance Committee and was instrumental in the process of hiring a new leader after the retirement of our long-time CEO, Joe Chlapaty. We are very grateful for their dedication all these years and wish them both the best.”
About the Company
Advanced Drainage Systems is the leading manufacturer of high-performance thermoplastic corrugated pipe, providing a comprehensive suite of water management products and superior drainage solutions for use in the construction and infrastructure marketplace. Its innovative products are used across a broad range of end markets and applications, including non-residential, residential, agriculture and infrastructure applications. The Company has established a leading position in many of these end markets by leveraging its national sales and distribution platform, overall product breadth and scale and manufacturing excellence. Founded in 1966, the Company operates a global network of approximately 55 manufacturing plants and over 30 distribution centers.
For more information: https://www.ads-pipe.com
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