Metrologic Announces Organizational Changes
21 4월 2006 - 8:05AM
PR Newswire (US)
Announces Dates for First Quarter Earnings Release BLACKWOOD, N.J.,
April 20 /PRNewswire-FirstCall/ -- Metrologic Instruments, Inc.
(NASDAQ:MTLG) today announced a number of changes to its management
team, including the hiring and promotion of several key executives,
effective immediately. -- Benny Noens is resigning as President and
CEO, effective July 1, 2006. -- Mark Schmidt is promoted to
Executive Vice President, Strategic Initiatives. -- Joseph Sawitsky
is promoted to Executive Vice President, Operations. -- As
previously announced, Frank Zirnkilton is appointed Executive Vice
President and Chief Administrative Officer. -- Bruce Harrison is
appointed Vice President and General Counsel. -- Richard Close,
currently a Director on Metrologic's Board, is appointed Chairman
of the Board of Adaptive Optics Associates, Inc. Metrologic will
host a conference call on Friday, April 21, 2006, at 8:30 AM ET to
discuss these changes. The dial-in numbers are (800) 946-0782
(Domestic) and (719) 457-2657 (International). Those interested in
participating in the conference call should dial in at least 10
minutes prior to commencement of the call. The audio for the
conference call will also be available as an audio web cast that
can be accessed through the Metrologic web site at
http://www.metrologic.com/corporate/main.htm by clicking on the
banner at the bottom of our home page and following the
instructions. A replay of the conference call web cast will be
available for 30 days. Benny Noens has announced that, for personal
reasons, he is resigning from his position as Chief Executive
Officer and President effective July 1, 2006. In light of this
decision, Mr. Noens has resigned from the Board of Directors of
Metrologic effective immediately. He has served in these posts
since July 2004 and has been with Metrologic since 1991. "I am
pleased with the success that Metrologic has achieved during my
tenure as Chief Executive Officer and President. During my 15 years
with Metrologic, I've worked with great people and served excellent
customers. I am confident in Metrologic's prospects for continued
growth and I regret having to make this decision at this time in
the company's history," said Benny Noens. C. Harry Knowles,
Metrologic's Chairman of the Board, commented, "Benny has served
Metrologic well and we deeply appreciate his contribution to the
company. He will be sorely missed. Benny fulfilled the leadership
and strong execution role that we hoped he would in fostering
Metrologic's revenue growth in challenging times in the global
markets we serve. He greatly strengthened our worldwide sales
organization. The organizational changes we are announcing today
reflect a commitment by Metrologic's Board of Directors to a
strategy that leverages our strength in sales with a renewed
commitment to leadership in innovation and operational excellence.
We are scrutinizing our management processes to ensure that we have
the administrative infrastructure to effectively and efficiently
support the next phase of Metrologic's growth. At the same time, we
are bolstering our capability to aggressively protect the
intellectual property we now have and that which we will develop in
the future. I am confident that the management team we've assembled
provides the leadership qualities and strategic vision necessary to
help us achieve our goals." Metrologic has announced the formation
of an Office of the Chief Executive consisting of Chairman C. Harry
Knowles, current CEO Benny Noens, until his departure in July, Mark
Schmidt, Joe Sawitsky and Frank Zirnkilton to manage the company
through this period of transition. The Board is actively seeking a
replacement for Mr. Noens and is considering both internal and
external candidates. Mark Schmidt, 36, previously Senior Vice
President of Worldwide Marketing, is promoted to Executive Vice
President, Strategic Initiatives. In addition to his current
responsibilities of marketing and corporate development, Mr.
Schmidt will take on responsibility for engineering and research
and development for data capture and collection products. He will
also coordinate worldwide sales on an interim basis. Mr. Schmidt
joined Metrologic in 1992 as an Optical Engineer and has progressed
through product management and marketing, becoming Senior Vice
President of Worldwide Marketing in 2002. Joseph Sawitsky, 44,
previously Senior Vice President of Manufacturing and Operations,
is promoted to Executive Vice President, Operations. In this role,
Mr. Sawitsky will be responsible for production, automation,
procurement, inventory management and logistics with an emphasis on
maintaining strong cost discipline in all areas. Prior to joining
Metrologic in 1998 as Production Manager, Mr. Sawitsky served in
the U.S. Navy Nuclear Submarine Force and worked in various roles
for ICI Composites and Zenith Electronics America. As announced on
April 17, Frank Zirnkilton, 50, will be responsible for Finance,
Investor Relations, Human Resources, Legal Affairs and Information
Technology. Prior to joining Metrologic, Mr. Zirnkilton served as
Vice President and Chief Financial Officer of Arctic Slope Regional
Corporation, Senior Vice President and Chief Financial Officer of
Atlantic Aviation Corporation and in various positions with FMC
Corporation in the United States and in the Far East. Bruce
Harrison, 58, is named Vice President and General Counsel. Mr.
Harrison will report to Frank Zirnkilton. Prior to joining
Metrologic, Mr. Harrison was Senior Partner at the law firm of
Capehart & Scatchard and was Capehart's Managing Shareholder
from 1991 through 2000. Mr. Harrison has worked with Metrologic for
almost 17 years as the company's outside counsel in New Jersey. He
has extensive litigation experience, with a specialty in labor,
employment and regulatory matters. Mr. Harrison also has appellate
experience in both the Federal and State court systems. In
addition, Richard Close, 63, is appointed Chairman of the Board of
Directors of Adaptive Optics Associates, Inc., Metrologic's
subsidiary located in Cambridge, MA. Mr. Close became a Director of
Metrologic in September 1999 and will continue in that capacity in
addition to assuming this additional responsibility. From January
1997 until August 2000, Mr. Close served as President and General
Manager of Polaroid Graphics Imaging LLC. Polaroid Graphics Imaging
LLC is now a privately owned, independent company. Prior to that,
Mr. Close served as President and Chief Executive Officer of
Computer Identics Corporation from 1993 until 1997. With an
extensive background in optics and imaging, Rich also worked as a
manager for Kodak for several years. Announcement of Dates for
First Quarter Earnings Release and Conference Call Metrologic will
announce earnings for the first quarter of 2006 on Tuesday, May 9,
2006 and will hold a conference call for investors on Wednesday,
May 10, 2006 at 8:30 AM ET. Dial-in and web cast information will
be provided separately before the scheduled call. About Metrologic
Metrologic Instruments, Inc. ("Metrologic") is a global supplier of
choice for data capture and collection hardware, optical solutions,
and image processing software. Metrologic has been delivering
innovative, quality products that are cost effective, reliable and
supported by the highest level of personal service for nearly 40
years. Metrologic products are sold worldwide through Metrologic's
sales, service and distribution offices located in The Americas,
EMEA and Asia/Pacific. Metrologic provides its customers not only
with a great deal, but a great deal more. For more information
please call 1-800-667-8400 or visit http://www.metrologic.com/.
DATASOURCE: Metrologic Instruments, Inc. CONTACT: Ann Anthony,
Director, Investor Relations, Metrologic Instruments,
+1-856-228-8100 x5507, Web site: http://www.metrologic.com/
http://www.metrologic.com/corporate/main.htm
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