WTT Board Appoints Timothy Whelan as New Chief Executive Officer
01 7월 2016 - 6:15AM
Business Wire
Wireless Telecom Group, Inc. (NYSE MKT:WTT) today announced that
its board of directors has appointed current board member Timothy
Whelan as WTT’s new Chief Executive Officer. As CEO, Mr. Whelan
succeeds Paul Genova, who will assume the role of President and
Chief Operating Officer.
On behalf of Wireless Telecom’s Board, Chairman Alan Bazaar said
“We are excited to announce Tim as WTT’s Chief Executive Officer.
He is a seasoned executive and proven operator who has led over $2
billion in acquisitions and financings, expanded into international
markets and demonstrated expertise managing and growing a business
successfully through organic initiatives and strategic M&A. He
has contributed significantly during his tenure on the board and we
believe this is the time to strengthen our executive team as we
accelerate our strategic initiatives and continue to focus our
investments on innovation and growth. We thank Paul for his
leadership over the course of the last 13 years guiding the Company
and building tremendous brand value and customer relationships, and
look forward to his continued contributions.”
Previously, Mr. Whelan co-founded an executive level consulting
practice focused on strategic, operational and M&A advisory
services, and also served as President at IPC Systems, Inc., a
mission critical provider of communication solutions. During his 14
years at IPC, he led the company through multiple growth
transactions and private equity ownership changes. He initiated
transformational product investments while implementing new
systems, improving operations and delivering increased
profitability. His leadership and skills were instrumental in
doubling the revenues of the company to over $500 million and
operating a business in 12 countries with over 1,000 employees.
CEO Timothy Whelan said, “I am honored and excited to leverage
my experience in driving profitable growth at multinational
corporations in our mission to deliver differentiated, strategic
value from innovative products in network and test &
measurement solutions.” Mr. Whelan added, “WTT’s customers and core
markets, including telecommunications, government and military
agencies, corporate enterprises and data centers rely on our
Microlab, Boonton and Noisecom brands for success, and we are
committed to advancing specialized innovation and operational
excellence to serve them.”
About WTT
Wireless Telecom Group designs and manufactures radio frequency
(RF) and microwave-based products for wireless and advanced
communications industries and markets its products and services
worldwide under the Boonton, Microlab and Noisecom brands. Its
complementary suite of high performance components and instruments
includes RF combiners and broadband combiner boxes for in-building
distributed antenna systems deployments (DAS), RF power splitters
and diplexers, hybrid couplers, peak power meters, signal
analyzers, noise modules, precision noise and generators. The
Company serves both commercial and government markets with
workflow-oriented, WiFi, WiMAX, satellite, cable, radar, avionics,
medical, and computing applications. Wireless Telecom Group is
headquartered in Parsippany, New Jersey, in the New York City
metropolitan area, and maintains a global network of Sales and
Service offices for excellent product service and support. Wireless
Telecom Group’s website address is
http://www.wirelesstelecomgroup.com/.
Forward Looking Statements
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. Specifically, no assurances can be made with
respect to: the management team’s ability to accelerate the
Company’s strategic initiatives and to focus on innovation and
growth; the management team’s ability to provide contributions and
guidance; the Company’s ability to deliver differentiated,
strategic value from innovative products in radio frequency and
test & measurement solutions; and the Company’s ability to
advance specialized innovation and operational excellence to serve
its customers and core markets. Further information regarding risks
and uncertainties that could affect the Company’s results are
identified in the Company's reports filed with the Securities and
Exchange Commission, including its Annual Report on Form 10-K for
the year ended December 31, 2015.
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version on businesswire.com: http://www.businesswire.com/news/home/20160630006366/en/
Wireless Telecom Group, Inc.Robert Censullo, 973-386-9696
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