Anthony R. Fabiano to Retire as President and CEO of American Science and Engineering

American Science and Engineering)

, a leading supplier of innovative X-ray detection solutions for government agencies, corporations, and military organizations worldwide, today announced that Anthony R. Fabiano, President and Chief Executive Officer, has informed the Board of Directors he will retire next year and that the Board has launched a search for his successor. Fabiano, 59, joined AS&E in Sept. 2003 as President, CEO, and Director. He has agreed to remain employed by the Company as President, CEO, and Director for as long as June 30, 2013 to ensure an orderly transition. If a successor is appointed before that date, Fabiano will step down. After he ends his employment, he will serve as a consultant for six months to help in the transition. The Board has engaged a global executive search firm, Spencer Stuart, to assist in finding a new President and CEO. Denis R. Brown, Chairman of the Board, said Fabiano was responsible for changing the direction of the Company during his tenure. "Anthony turned American Science and Engineering around from being a small competitor to a powerhouse in the domestic and international security-detection market. He did this by thoroughly rebuilding every department