Cary B. Wood joins Westell’s Board of Directors
March 08 2017 - 4:01PM
Westell Technologies, Inc. (NASDAQ:WSTL), a leading provider
of high-performance wireless infrastructure solutions, announced
today that Cary B. Wood, former President and Chief Executive
Officer of Sparton Corporation, has been appointed to Westell’s
Board of Directors. Mr. Wood will serve as a member of the
Audit Committee. Martin D. Hernandez, a Westell board member since
2009, is stepping down from the board.
Mr. Wood served as President, Chief Executive
Officer, and as a member of the Board of Directors of Sparton
Corporation, a global manufacturer of complex and regulated
electronic services as well as engineering products in the medical,
avionics, industrial, and defense sectors. During Mr. Wood’s
tenure, Sparton’s market capitalization doubled for four straight
years, bringing shareholders a nearly 2000% return from 2009 to
2013. He also served as Interim Chief Executive Officer,
Chief Operating Officer, and Group Vice President for Citation
Corporation, a privately held $1 billion manufacturer of innovative
metal components for the automotive, industrial, and commercial
marketplaces.
In addition, Mr. Wood has served as Vice
President of Operations for North and South America with Formica
Corporation, a global provider of residential and commercial
surface solutions, as well as Executive Vice President, Vice
President of Operations and Division Vice President for the Elkay
Division of Elkay Manufacturing Company.
“Cary is a highly accomplished business leader
with a demonstrated track record of improving shareholder value in
turnaround situations,” said Kirk Brannock, President and CEO of
Westell Technologies. “We believe Cary’s expertise, energy,
and focus will be instrumental in positioning the Company for
profitable growth. Westell is currently in a strong financial
position and we are extremely positive about the future. We
look forward to his contributions to the Westell Board of
Directors.
“We are indebted to Marty Hernandez for his
service to Westell,” Brannock continued. “He has brought
significant business acumen to Westell, most recently as a member
of the Audit Committee and the Corporate Governance and Nominating
Committee.”
Mr. Wood began his career at the Delphi
auto-parts unit of General Motors Corporation and later served as
General Manager and Plant Manager with United Technologies
Automotive. He is on the board of Broadwind Energy, an energy
industry industrial components firm, and Vishay Precision Group, a
precision sensors firm. Mr. Wood received a Master of Business
Administration from Loyola University School of Business, a Master
of Science in Industrial Operations from Lawrence Technological
University School of Management and a Bachelor of Science in
Manufacturing Technology from Purdue University School of
Technology.
Mr. Wood is the second appointment to Westell’s
Board of Directors in 2017. In January, Mark A. Zorko, a principal
with executive management and business support services firm
Brentwood Advisory, LLC, joined the board as Chair of the Audit
Committee.
About Westell
TechnologiesWestell is a leading provider of
high-performance wireless infrastructure solutions focused on
innovation and differentiation at the edge of communication
networks where end users connect. The Company's comprehensive set
of products and solutions enable service providers and network
operators to improve performance and reduce operating expenses.
With millions of products successfully deployed worldwide, Westell
is a trusted partner for transforming networks into high quality,
reliable systems. For more information, please visit
westell.com.
Twitter - Company: @Westell_Tech
Westell Investor Relations Contact
Tom Minichiello
Senior Vice President, Chief Financial Officer, Treasurer, and Secretary
Westell Technologies
630-375-4740
tminichiello@westell.com
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