Wireless Telecom Group Announces Appointment of Michael Kandell as CFO
08 12월 2016 - 6:30AM
Business Wire
Wireless Telecom Group, Inc. (NYSE MKT:WTT), a leading provider
of high-performance radio frequency infrastructure and test &
measurement solutions for wireless and advanced communications,
announced today that Michael Kandell is joining the Company as its
new Chief Financial Officer (CFO), effective January 2, 2017.
Michael joins Wireless Telecom Group from Avaya, Inc. where he was
Senior Director of Accounting. As CFO, Michael will be responsible
for contributing to top-line growth initiatives, strategic
expansion, financial governance, and capital management across all
of the Company’s financial operations.
“Michael brings terrific skills to our finance and accounting
team from his experience at technology and manufacturing companies
serving both multinational and national market segments. He has an
extensive background in financial planning and analysis, finance
and accounting, SEC filings, investor relations support, and
strategic M&A. I am thrilled to welcome Michael to Wireless
Telecom Group as we take on new challenges ahead,” said Tim Whelan,
CEO of Wireless Telecom Group. Whelan continued, “I am particularly
impressed with Michael’s ability to lead a financial function in a
complex, technology driven international business, while having a
keen eye for operating performance. He is a key addition to our
leadership team and represents another major step in our commitment
to strengthening our ability to drive growth and
profitability.”
Mr. Kandell will succeed Robert Censullo, who has served as
Wireless Telecom Group’s CFO for five years. Mr. Censullo will
report directly to Mr. Kandell as Corporate Controller. “Robert’s
commitment to the Company has been vital during the last 3 years,”
said Whelan. “I am grateful for all he has done to ensure financial
stability and drive cost reductions over the last 2 years to
position us for the future.”
Mr. Kandell has more than 18 years of financial management
experience. He held various positions of increasing responsibility
in finance at Avaya. Prior to Avaya, Mr. Kandell worked at
Precision Partners, Inc. for 3 years and at Ernst & Young LLP
in New Jersey for 7 years. He received his Bachelors of Science
degree in accounting from College of New Jersey. Mr. Kandell is a
Certified Public Accountant.
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.
About Wireless Telecom Group, Inc.
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/.
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version on businesswire.com: http://www.businesswire.com/news/home/20161207006166/en/
Wireless Telecom Group, Inc.Robert Censullo, 973-386-9696
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