, announced that Fred Haab
has been appointed to the Board of Directors, effective April 30, 2002. Stephen A. Van Dyck, Chairman and Chief Executive Officer of Maritrans commented, "We are very happy to welcome Fred to our board. We look forward to drawing on Fred's (FRED)
valuable industry experience in helping us make decisions that will benefit our shareholders."
Haab, one of five outside directors for Maritrans Inc., is President and Chief Executive Officer of F.C. Haab Co., Inc., a 57-year-old firm that markets petroleum products and provides HVAC services in the Mid-Atlantic area. In accepting the appointment, Haab remarked, "Having been in the petroleum business for over 39 years, I hope to bring this experience to the Maritrans Board of Directors. Moving petroleum products by water is an integral part of the distribution process and I look forward to contributing my logistics experience with regard to refinery, dock and ultimate off-loading to the consumer."
Haab is being appointed by the Board to fill a vacancy on the Board of Directors. Haab's initial term extends until the annual stockholders meeting in 2004.