Black Box Corporation Announces Joel T. Trammell as CEO
November 17 2017 - 9:04AM
Black Box Corporation (NASDAQ:BBOX), a leading digital solutions
provider dedicated to helping customers design, build, manage and
secure their IT infrastructure, announced that its Board of
Directors has named Joel T. Trammell, 52, as President and CEO of
Black Box, effective immediately, replacing E.C. Sykes, who is
retiring.
Mr. Trammell has been on the Board of Directors
of Black Box since March 27, 2013.
“We are fortunate to have Joel take over the
leadership reigns of the Company at this critical time in its
transformation,” said Mr. Thomas G. Greig, Chairman of the
Board. “I have known Joel for a long time and been associated
with his business successes. He brings a strong record of
leading technology companies through significant change. We
are looking for him to drive a culture of performance throughout
the organization.”
Mr. Greig continued, “We thank E.C. for his
leadership and personal commitment to the Company through difficult
aspects of the Company’s transformation. He leaves us in a
better position to execute on our initiatives.”
Mr. Trammell, who has written extensively on
business leadership, is the founder and Chief Executive Officer of
Khorus, Inc., a provider of software-based management
systems. Since 2011, he also has been a Managing Partner of
Lone Rock Technology Group and a Managing Partner of Lake Austin
Advisors. Previously, he was a founder and the Chief
Executive Officer of CacheIQ, Inc., a network computing company,
until it was acquired by NetApp, Inc. in November 2012. From
June 2000 until November 2009, he was a founder and served as the
Chief Executive Officer of NetQoS, Inc., a network management
software and services company that was acquired by Computer
Associates.
About Black BoxBlack Box is a leading digital
solutions provider dedicated to helping customers design, build,
manage and secure their IT infrastructure. Black Box delivers
high-value products and services through its global presence and
3,300 team members. To learn more, visit the Black Box Web site at
http://www.blackbox.com.
Black Box® and the Double Diamond logo are
registered trademarks of BB Technologies, Inc.
Any forward-looking statements contained in this
release are made pursuant to the safe harbor provisions of the
Private Securities Litigation Reform Act of 1995 and speak only as
of the date of this release. You can identify these forward-looking
statements by the fact that they use words such as "should,"
"anticipate," "estimate," "approximate," "expect," "target," "may,"
"will," "project," "intend," "plan," "believe" and other words of
similar meaning and expression in connection with any discussion of
future operating or financial performance. One can also identify
forward-looking statements by the fact that they do not relate
strictly to historical or current facts. Forward-looking statements
are inherently subject to a variety of risks and uncertainties that
could cause actual results to differ materially from those
projected. Although it is not possible to predict or identify all
risk factors, they may include, among others, levels of business
activity and operating expenses, liquidity, expenses relating to
compliance requirements, cash flows, global economic and business
conditions, successful integration of acquisitions, the timing,
benefits and costs of restructuring programs and other initiatives,
such as our enterprise resource planning system initiatives,
successful marketing of the Company's product and services
offerings, successful implementation of the Company's integration
initiatives, successful implementation of the Company's government
contracting programs, competition, changes in foreign, political
and economic conditions, fluctuating foreign currencies compared to
the U.S. dollar, rapid changes in technologies, client preferences,
the Company's arrangements with suppliers of voice equipment and
technology, government budgetary constraints and various other
matters, many of which are beyond the Company's control. Additional
risk factors are included in the Company's Annual Report on Form
10-K for the fiscal year ended March 31, 2017 and our
quarterly reports on Form 10-Q for Fiscal 2018. We can give no
assurance that any goal, plan or target set forth in
forward-looking statements will be achieved and readers are
cautioned not to place undue reliance on such statements, which
speak only as of the date made. We undertake no obligation to
release publicly any revisions to forward-looking statements as a
result of future events or developments and caution you not to
unduly rely on any such forward-looking statements.
ContactBlack Box CorporationDavid J. RussoSenior Vice President,
Chief Financial Officer and TreasurerPhone: (724) 873-6788Email:
investors@blackbox.com
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