DARIEN, Ill., June 13, 2011 /PRNewswire/ -- Viskase Companies,
Inc. (VKSC.PK) ("Viskase" or the "Company"), a leading worldwide
producer of non-edible cellulosic, fibrous and plastic casings used
to prepare and package processed meat and poultry products,
announced today that Vincent J.
Intrieri, Chairman of the Board of Directors, has tendered
his resignation from the Viskase board. Mr. Intrieri has
served as Chairman of the Board of Viskase since 2003.
In a statement, Mr. Intrieri said, "In an attempt to more
closely align my directorship responsibilities with ISS standards
concerning the number of boards of directors any one person should
serve, I have made the decision to resign from the Viskase board.
I'm proud of the Company's achievements over the past years
and look forward to the Company's continued success."
Viskase also announced that its board has elected Thomas D. Davis, Viskase's President and Chief
Executive Officer, to the additional role of Chairman of the Board.
Board member Daniel A.
Ninivaggi, President of Icahn Enterprises L.P., has been
elected Lead Director, and Dominick
Ragone, Chief Financial Officer of Icahn Enterprises L.P.,
has been elected to fill the vacancy on the Viskase board created
by Mr. Intrieri's resignation.
About Viskase
Viskase is a leading worldwide producer of non-edible
cellulosic, fibrous and plastic casings used to prepare and package
processed meat and poultry products. Viskase provides
value-added product support services to its customers, which
include some of the world's largest global consumer products
companies. Viskase believes that it is one of the two largest
worldwide producers of non-edible cellulosic casings for
small-diameter processed meats, such as hot dogs. In
addition, Viskase believes that it is one of the three largest
worldwide producers of non-edible fibrous casings for
large-diameter sausages, salami, hams and other processed meat
products.
Forward-Looking Statements
This press release includes "forward-looking statements" as
defined by the Securities and Exchange Commission). All
statements, other than statements of historical fact, included
herein that address activities, events or developments that the
Company expects, believes or anticipates will or may occur in the
future are forward-looking statements. These forward-looking
statements are subject to risks and uncertainties that may cause
actual results to differ materially. Readers are cautioned
not to place undue reliance on forward-looking statements, which
speak only as of their dates.
SOURCE Viskase Companies, Inc.