Western Announces Board Changes

Nov. 22, 2004
Vancouver, Wash.-based Western Power & Equipment Corp., a dealer of construction and industrial equipment, announced the appointment of James Fisher to the company's board of directors. Fisher was an insurance agent and broker as well as a registered ...

Vancouver, Wash.-based Western Power & Equipment Corp., a dealer of construction and industrial equipment, announced the appointment of James Fisher to the company's board of directors.

Fisher was an insurance agent and broker as well as a registered representative holding a Series 7 license and has been employed by CIGA, UNUM, and Metropolitan Life, among others. He retired in 1994, when he also resigned from the board of directors of Fleet Bank of New York. The board of directors has determined that Fisher meets the independence criteria established, and intends that he serve Western as a member of both its audit and compensation committees. Fisher's appointment marks the next stage of Western's effort to diversify its board, the company said.

Western returned to profitability in its fiscal year ending July 31, 2003 and continues to be profitable. The company announced on Aug. 11, 2004, that it expected its fiscal year 2004 net income to be at least 80 percent higher than fiscal year 2003; the company delivered a 464-percent higher increase in net income.

Western Power & Equipment Corp. sells, leases, rents, and services construction and industrial equipment for Case Corp. and more than 30 other manufacturers. The company currently operates 15 facilities in Washington, Oregon, Nevada, California, and Alaska.