Matthew B. Brady Joins Westell Technologies as President and CEO
July 10 2017 - 9:01AM
Westell Technologies, Inc. (NASDAQ:WSTL), a leading provider
of high-performance wireless infrastructure solutions, today
announced that its Board of Directors has unanimously chosen
Matthew B. Brady as the Company’s new President and CEO, effective
July 17, 2017. Brady replaces interim President and CEO Kirk
Brannock, who had planned to depart once a CEO transition plan was
complete.
Brady has over 25 years of experience in
enhancing customer relationships, driving revenue growth, and
improving operations and bottom-line results. Most recently,
he served as Senior Vice President of Federal Signal Corporation’s
Safety and Security Systems Group. Prior to leading the $240
million Safety and Security Systems Group, Brady was its Vice
President of Global Sales. Before that, he was Sales Director
for Public Safety at Motorola Solutions. Previously, Brady
held executive sales and marketing positions at Clarity
Communications Systems, Tellabs, and Motorola.
“I am pleased and excited to join Westell,” said
Brady. “The Company has recently undergone a critical period
of transition, and I believe Westell is well positioned for
long-term sustained growth and profitability. I look forward
to building on the Company’s long-established reputation for
delivering high-quality products and solutions, including the
growing in-building wireless public safety communication market, as
well as other fast-developing communication network
applications.”
“This is a great time for Matt to become
Westell’s CEO. After an extensive search, we’ve selected a
leader with a strong track record of driving revenue growth,” said
Dennis O. Harris, Chairman of Westell’s Board of Directors. “With
his business strategy and execution track record, public safety
experience, and long-standing customer relationships, Matt is the
right choice to lead Westell.”
“I want to acknowledge Kirk Brannock who has
done a tremendous job since stepping in to fill the President and
CEO role in October 2016,” Harris added. “During Kirk’s tenure,
Westell completed an extensive cost and expense reduction program
that is delivering improved profitability, growing cash, and
nourishing a strong debt-free balance sheet. At the same
time, Kirk positioned the Company to address the emerging market
for in-building wireless public safety communication. Moving
forward, Matt will focus on continuing to improve profitability and
drive revenue growth.”
To be added to the Westell email distribution list, please email
marketing@westell.com.
About Westell Technologies
Westell 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 portfolio of
products and solutions enables 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
“Safe Harbor” Statement under the Private Securities
Litigation Reform Act of 1995
Certain statements contained herein that are not
historical facts or that contain the words “believe,” “expect,”
“intend,” “anticipate,” “estimate,” “may,” “will,” “plan,”
“should,” or derivatives thereof and other words of similar meaning
are forward-looking statements that involve risks and
uncertainties. Actual results may differ materially from
those expressed in or implied by such forward-looking
statements. Factors that could cause actual results to differ
materially include, but are not limited to, product demand and
market acceptance risks, customer spending patterns, need for
financing and capital, economic weakness in the United States
(“U.S.”) economy and telecommunications market, the effect of
international economic conditions and trade, legal, social and
economic risks (such as import, licensing and trade restrictions),
the impact of competitive products or technologies, competitive
pricing pressures, customer product selection decisions, product
cost increases, component supply shortages, new product
development, excess and obsolete inventory, commercialization and
technological delays or difficulties (including delays or
difficulties in developing, producing, testing and selling new
products and technologies), the ability to successfully consolidate
and rationalize operations, the ability to successfully identify,
acquire and integrate acquisitions, the effect of the Company's
accounting policies, retention of key personnel and other risks
more fully described in the Company's SEC filings, including the
Form 10-K for the fiscal year ended March 31, 2017, under
Item 1A - Risk Factors. The Company undertakes no
obligation to publicly update these forward-looking statements to
reflect current events or circumstances after the date hereof, or
to reflect the occurrence of unanticipated events, or
otherwise.
Westell Contact
Tom Minichiello
Senior Vice President, Chief Financial Officer, Treasurer, and Secretary
Westell Technologies
630-375-4740
tminichiello@westell.com
Westell Technologies (NASDAQ:WSTL)
Historical Stock Chart
From Mar 2024 to Apr 2024
Westell Technologies (NASDAQ:WSTL)
Historical Stock Chart
From Apr 2023 to Apr 2024