Ceradyne’s Jerrold J. Pellizzon "CFO of the Year"

COSTA MESA, Calif.-Ceradyne, Inc. (Nasdaq:CRDN) announced today that Jerrold J. Pellizzon was named public company “CFO of the Year” by the Orange County/Long Beach chapter of the California Society of CPAs.

Mr. Pellizzon, a certified public accountant who joined Ceradyne in 2002, has been instrumental in the company’s fulfillment of sound fiscal management, domestic and international expansion, and financing objectives. During his five-year tenure, Ceradyne’s annual revenue has increased twelve-fold to $740 million generated utilizing fifteen manufacturing facilities in North America, Europe and China. During this period, Mr. Pellizzon negotiated five acquisitions, while also facilitating stock and debt offerings that raised $238 million, as well as securing a $160 million credit facility, utilized to fund growth via acquisitions and organic initiatives designed to diversify Ceradyne’s revenue stream and increase profitability.

Joel P. Moskowitz, Ceradyne’s chairman and chief executive officer, said: “I am very proud of Jerry’s recognition by his peers in the California Society of CPAs for his outstanding performance on behalf on Ceradyne and its shareholders. His contributions have been pivotal to Ceradyne’s financial performance and success, and I congratulate him.”

Mr. Pellizzon stated, “I am honored to receive this award. It’s a direct result of the superior performance from an outstanding team of people that I am fortunate to work with at Ceradyne.”

Mr. Pellizzon earned his bachelor’s degree in economics from UCLA. He has served on the Board of Directors of St. Mary’s & All Angels School, where he led development of a $5.1 million campus addition that included science and music labs, classrooms and a gymnasium.