ETC Announces Resignation of Chief Financial Officer

Environmental Tectonics Corporation (ETC)

SOUTHAMPTON, PA — Environmental Tectonics Corporation (OTC Pink: ETCC) announced that Joseph F. Verbitski, Jr. has decided to leave his position as Chief Financial Officer, effective May 12, 2023, to pursue an opportunity outside the company. ETC’s Board of Directors has initiated the process to identify qualified candidates to fill the position.

Robert L. Laurent, Jr., ETC’s Chief Executive Officer, said, “We greatly appreciate the contributions that Joseph made to ETC during his tenure here. I want to assure our investors that Joseph’s decision was made for personal reasons and in no way reflects any concerns, either on his or ETC’s part, regarding ETC’s accounting practices, financial reporting or internal controls. We wish Joseph well in his future endeavors and look forward to completing our search for a new Chief Financial Officer.”

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