Westell Announces Leadership Change
November 27 2017 - 4:01PM
Westell Technologies, Inc. (NASDAQ:WSTL), a leading provider
of high-performance wireless infrastructure solutions, announced
today that, effective November 30, 2017, Kirk R. Brannock, Chairman
of the Board of Directors, has been appointed interim President and
CEO, replacing Matthew B. Brady, who resigned to pursue other
opportunities. The Board intends to conduct a search for a
permanent CEO.
Brannock served as Westell’s interim President and Chief
Executive Officer from October 2016 through July 2017, and was
instrumental in rationalizing the Company’s expense structure and
positioning Westell for future success in the in-building wireless
Public Safety market and the emerging wireless deployment of
Centralized Radio Access Networks (CRAN). In addition,
Brannock served as a member of Westell’s Board of Directors from
February 2011 to September 2014, and was appointed Westell’s
Chairman of the Board in September 2017, a position he will
retain.
“We want to thank Matt for his service as President and CEO and
we wish him the best in his new endeavors,” Brannock said. “Moving
forward, management and the Board will continue providing
competitive solutions for our customers as well as exploring all
options to improve shareholder value.”
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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
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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 Investor Relations ContactTom
MinichielloSenior Vice President, Chief Financial Officer,
Treasurer, and SecretaryWestell
Technologies630-375-4740tminichiello@westell.com
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