SAN DIEGO, Oct. 25, 2016 /PRNewswire/ -- RF Industries,
Ltd. (NASDAQ: RFIL) announced today that Johnny Walker, President and Chief Executive
Officer, and the Company mutually agreed to terminate his
employment with the Company to allow Mr. Walker to attend to family
medical needs and to be closer to his residence in Arlington,
Texas. Mr. Walker's last day with the Company will be
October 28, 2016.
Mr. Walker joined the Company as President in October, 2014 and
was promoted to Chief Executive Officer in January, 2015.
Howard Hill, RFI's former President,
CEO and Founder, will serve, without pay, as the Company's interim
President and CEO. A search for a full time President and CEO
is already under way.
"We want to extend our best wishes to Johnny Walker and his family. Johnny's
guidance, dedication and support was a significant asset for the
Company during our recent transition through a difficult period in
RFI's history," said Mr. Marvin
Fink, Chairman of RF Industries' Board of Directors.
About RF Industries
RF Industries is a leading
designer and manufacturer of innovative interconnect products and
complex cable assemblies across diversified, high growth markets
including wireless carriers & infrastructure, and industrial.
The Company's products include RF connectors, coaxial and custom
cable assemblies, fiber optic cables, and wiring harnesses. The
Company's connectivity products are used throughout the growing and
evolving wireless infrastructure. Through its Rel-Tech
Electronics, Inc. and Comnet Telecom Supply, Inc. subsidiaries, the
Company also manufactures and sells other cabling technologies and
data center equipment solutions. The Company is headquartered in
San Diego, California with
operations in Yaphank, New York,
East Brunswick, New Jersey and
Milford, Connecticut. Please visit
the RF Industries website at www.rfindustries.com.
Forward-Looking Statements
This press release
contains forward-looking statements with respect to future events
which are subject to a number of factors that could cause actual
results to differ materially. All forward-looking statements
are based upon information available to the Company on the date
they are published and the Company undertakes no obligation to
publicly update or revise any forward-looking statements to reflect
events or new information after the date of this release.
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SOURCE RF Industries, Ltd.