WTT Announces Appointment of New CEO
24 1월 2006 - 4:13AM
Business Wire
Wireless Telecom Group, Inc. (AMEX:WTT) announced today that after
a comprehensive search process, the Board of Directors of Wireless
Telecom Group, Inc., a New Jersey corporation ("WTT"), appointed
James M. ("Monty") Johnson, Jr. as Vice Chairman of the Board and
Chief Executive Officer of WTT, effective immediately. Mr. Johnson
succeeds Paul Genova, who served as interim Chief Executive Officer
of WTT following the resignation of Cyrille Damany in September
2005. Mr. Genova will continue to serve as President and Chief
Financial Officer of WTT. Savio Tung, Chairman of the Board,
commented, "On behalf of the Board of Directors, I am pleased to
announce the appointment of Monty Johnson as our new Vice Chairman
of the Board and Chief Executive Officer. Mr. Johnson is a seasoned
executive with a broad base of experience in marketing, technology
and operations in leading telecommunications companies. We believe
he is the ideal leader to direct WTT in our efforts to grow our
business and provide first-rate products to our global customers."
"I am honored that the Board of Directors has expressed their
confidence in me," said Mr. Johnson, "and I look forward to working
with the Board of Directors and management team to leverage WTT's
assets and advance WTT's goals of growth and expansion while
providing our shareholders with greater value." Prior to joining
WTT, Mr. Johnson (age 50) served from August 2003 until October
2005 as President and General Manager, Network Signaling Group
(formerly Network Signaling Division) of Tekelec, a manufacturer of
network signaling products, switching products and services for
telecommunications networks and contact centers. From January 2003
until his appointment as General Manager, he served as Vice
President, Network Signaling Division Strategy and Product
Management of Tekelec. From December 2001 until joining Tekelec,
Mr. Johnson served as Vice President, Global Sales and Service of
dynamicsoft, Inc., a communications software company. From March
1999 until November 2001, he served as Vice President, Global
Account Management of Motorola, Inc. Mr. Johnson received a B.S.
degree in Electrical Engineering from The Citadel and an M.S.
degree in Electrical Engineering from Georgia Tech University.
Wireless Telecom Group, Inc. is a global provider of electronic
noise generation equipment in the telecommunications field. Boonton
Electronics, a wholly owned subsidiary, is a leader in the
manufacture of test equipment dedicated to measuring the power of
RF and Microwave systems used in multiple telecommunication
markets. Microlab/FXR, a wholly owned subsidiary, is a global
provider of passive microwave components including power splitters,
directional couplers and filters. These products are employed as
system components in commercial applications such as wireless base
stations for cellular, paging and private communications,
in-building wireless signal distribution, television transmitters
and aircraft navigation landing systems. Microlab/FXR products are
also used in military systems such as electronic countermeasures
and missile guidance. Willtek is a leading provider of solutions
that enable manufacturers and operators of wireless communications
devices to test mobile phones, air interface, and base stations of
cellular networks. Willtek serves a base of more than 5000
customers worldwide with state-of-the-art products including
testing equipment for GSM, GPRS, CDMA and WCDMA phones and wireless
devices, as well as handheld spectrum analyzers. WTT's website
address is http://www.wtt.bz Except for historical information, the
matters discussed in this news release may be considered
"forward-looking" statements within the meaning of Section 27A of
the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. Such statements
include declarations regarding the intent, belief or current
expectations of the Company and its management. Prospective
investors are cautioned that any such forward-looking statements
are not guarantees of future performance and involve a number of
risks and uncertainties that could materially affect actual
results. Such risks and uncertainties are identified in the
Company's reports and registration statements filed with the
Securities and Exchange Commission, including its Annual Report on
Form 10-K, as amended by Form 10-K/A, for the year ended December
31, 2004 and Forms 10-Q for 2005.
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