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PAE - PAE Inc News Story

$8.75 -0.2  -2.3%

Last Trade - 05/05/21

Sector
Industrials
Size
Mid Cap
Market Cap £600.6m
Enterprise Value £1.19bn
Revenue £1.96bn
Position in Universe 3019th / 6846

PAE Appoints Mary M. Jackson and Delara Zarrabi to Board of Directors

Mon 19th April, 2021 1:00pm
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FALLS CHURCH, Va., April 19, 2021 (GLOBE NEWSWIRE) -- PAE (NASDAQ: PAE, PAEWW)
announced today the appointment of Mary M. Jackson and Delara Zarrabi as
members of the PAE Board of Directors effective April 15, 2021.

“Mary and Delara bring broad experience and unique perspectives to guide the
trajectory of PAE’s growing global enterprise,” said Chairman of the Board
Marshall A. Heinberg. "Their appointments will not only add a broad range of
skills to our Board, but also support our commitment to diversity at the Board
level.”

Mr. Heinberg continued, “Mary’s three plus decades of service in the
United States Navy will provide PAE with deep customer experience as we
continue to execute our strategy to expand the business with a focus on
high-margin contracts. Delara’s corporate finance and M&A experience will
enhance the Board’s ability to evaluate future strategic, accretive
acquisitions.”

About Mary M. Jackson and Delara Zarrabi

Mary M. Jackson retired in July 2020 after more than three decades of service
in the United States Navy and is currently a principal of Desert Rose
Navigator, LLC. As a Flag Officer, Vice Admiral Jackson served as Commander,
Navy Region Southeast and later as Commander, Navy Installations Command,
where she was accountable for all Navy installations worldwide. In addition,
Admiral Jackson advised the Chief of Naval Operations and the Secretary of the
Navy on strategy related to infrastructure, shore resiliency and diversity and
inclusion.

Delara Zarrabi is a senior investment professional and managing director at
Platinum Equity. She was previously a principal at Paine & Partners, a private
equity firm and an investment banking analyst at CIBC World Markets, the
investment banking subsidiary of the Canadian Imperial Bank of Commerce.

About PAE
For more than 65 years, PAE has tackled the world’s toughest challenges to
deliver agile and steadfast solutions to the U.S. government and its allies.
With a global workforce of about 20,000 on all seven continents and in
approximately 60 countries, PAE delivers a broad range of operational support
services to meet the critical needs of our clients. Our headquarters is in
Falls Church, Virginia. Find us online at pae.com
(https://www.globenewswire.com/Tracker?data=-dhIlPNeyR8RrzWu6dH7QnGbVEgsHnhmTTQZGYwhXKhasbpc1RWKL1p9qHxXc-JON1ky18LHB_LyYH-PwpLaGQ==),
on Facebook
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Twitter
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Forward-Looking Statements

This release may contain a number of “forward-looking statements” as
defined in the Private Securities Litigation Reform Act of 1995. These
forward-looking statements include, but are not limited to, statements about
PAE’s leadership transition, possible or assumed future results of
operations and cash flows, financial results, business strategies, strategy
for and management of growth, needs for additional capital, debt levels,
competitive position, industry environment, potential growth opportunities,
and risks related to U.S. government contracting. These forward-looking
statements are based on PAE’s management’s current expectations,
estimates, projections and beliefs, as well as a number of assumptions
concerning future events.

These forward-looking statements are not guarantees of future performance,
conditions or results, and involve a number of known and unknown risks,
uncertainties, assumptions and other important factors, many of which are
outside PAE’s management’s control, that could cause actual results to
differ materially from the results discussed in the forward-looking
statements.

Forward-looking statements included in this release speak only as of the date
of this release. PAE does not undertake any obligation to update its
forward-looking statements to reflect events or circumstances after the date
of this release except as may be required by the federal securities laws.

For media inquiries regarding PAE, contact:

Terrence Nowlin
Senior Communications Manager
PAE
703-656-7423
terrence.nowlin@pae.com

For investor inquiries regarding PAE, contact:

Mark Zindler
Vice President, Investor Relations
PAE
703-717-6017
mark.zindler@pae.com

(https://www.globenewswire.com/NewsRoom/AttachmentNg/fcc8a68c-a0d6-41da-9db8-5dd40cc2bf70)



GlobeNewswire, Inc. 2021
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