The board of directors of Watsco Inc. appointed George P. Sape, 71, to the board to fill a vacancy. Mr. Sape previously served as a director of the company for eleven years from 2003 to 2014. Mr. Sape retired in 2015 as the Managing Partner of Epstein Becker & Green, P.C., where he had been employed since 1986.
Mr. Sape previously served as Vice President and General Counsel for Organizations Resources Counselors Inc. and has served as counsel or as an advisor to various congressional committees related to labor, education and public welfare. Mr. Sape also serves on the board of the University of Colorado School of Business. Mr. Sape meets the company's independence guidelines for non-management directors and will serve as a common stock director and as a member of the board's audit committee.
His initial term will expire at the company's 2016 annual meeting of shareholders.
Watsco, Inc. is engaged in the distribution of air conditioning, heating and refrigeration equipment and related parts and supplies (HVAC/R) with locations in the United States, Canada, Mexico, and Puerto Rico, and on an export basis to Latin America and the Caribbean. The Company sells products to the commercial refrigeration market, which include condensing units, compressors, evaporators, valves, refrigerants, walk-in coolers, and ice machines for industrial and commercial applications. It also sells a variety of non-equipment products including parts, ductwork, air movement products, insulation, tools, installation supplies, thermostats, and air quality products. It distributes products manufactured by Flexible Technologies, Inc. (Flexible Technologies), Resideo Technologies, Inc. (Resideo), Copeland Corporation, LLC, The Chemours Company (Chemours), Mueller Industries, Inc. (Mueller), and Welbilt, Inc. (Welbilt), among others. The Company operates in approximately 692 locations.