M-tron Industries, Inc. Elevates Linda Biles to Executive Vice President
April 16 2024 - 6:00PM
Business Wire
M-tron Industries, Inc. (NYSE American: MPTI) (“Company” or
“MtronPTI”) is delighted to announce the promotion of Linda Biles
to the position of Executive Vice President of Finance, effective
April 16, 2024.
Linda has demonstrated dedication, exceptional leadership, and
outstanding financial acumen throughout her tenure at MtronPTI.
With 16 years of invaluable experience with the company, she has
continually exhibited a deep understanding of our financial
landscape and has played an integral role in shaping MtronPTI’s
fiscal strategies and successes.
In Linda’s previous roll as Vice President & Controller, she
has exhibited exceptional proficiency in managing financial
operations, driving efficiencies, and fostering financial growth.
Her strategic insights and steadfast commitment to excellence have
consistently contributed to the achievement of our organizational
goals and the enhancement of shareholder value.
“We are thrilled to announce Linda’s promotion to the role of
Executive Vice President of Finance,” said Michael Ferrantino, CEO.
“With her expertise and dedication, we are confident that she will
excel in leading our finance team and driving our financial
strategies forward.”
Linda holds a BS degree in accounting from Canisius College and
has held the positions of Vice-President and Chief Financial
Officer for AO Precision Manufacturing (November 1999 to June
2007), prior to joining MtronPTI. Please join us in congratulating
her on this well-deserved promotion.
She takes over the role from outgoing CFO James Tivy who, after
6 years with the company, gave his notice of resignation to pursue
other opportunities. James has been an integral part of MtronPTI’s
spin from its former parent, The LGL Group. As he embarks on his
next chapter, we wish him every success and thank him for his
significant contributions.
About MtronPTI:
M-tron Industries, Inc. trades publicly on the NYSE American
under the symbol MPTI. Originally founded in 1965, MtronPTI
designs, manufactures and markets highly-engineered, high
reliability frequency and spectrum control products and solutions.
As an engineering-centric company, MtronPTI provides close support
to its customers throughout our products’ entire life cycle,
including product design, prototyping, production and subsequent
product upgrades. MtronPTI has design and manufacturing facilities
in Orlando, Florida and Yankton, South Dakota, a sales office in
Hong Kong, and a manufacturing facility in Noida, India.
Forward Looking Statements
This press release includes forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended, such as those pertaining to the uncertain financial impact
of COVID-19 and the Company’s financial condition, results of
operations, business strategy and financial needs. All statements
other than statements of current or historical fact contained in
this press release are forward-looking statements. The words
“believe,” “expect,” “anticipate,” “should,” “plan,” “will,” “may,”
“could,” “intend,” “estimate,” “predict,” “potential,” “continue”
or the negative of these terms and similar expressions, as they
relate to MtronPTI, are intended to identify forward-looking
statements.
These forward-looking statements are largely based on current
expectations and projections about future events and financial
trends that may affect the financial condition, results of
operations, business strategy and financial needs of the Company.
They can be affected by inaccurate assumptions, including the
risks, uncertainties and assumptions described in the filings made
by MtronPTI with the Securities and Exchange Commission, including
those risks set forth under the heading “Risk Factors” in the most
recent financial statements and notes thereto contained within our
2023 10-K, which was filed with the SEC on March 25, 2024. In light
of these risks, uncertainties and assumptions, the forward-looking
statements in this press release may not occur and actual results
could differ materially from those anticipated or implied in the
forward-looking statements. When you consider these forward-looking
statements, you should keep in mind these risk factors and other
cautionary statements in this press release.
These forward-looking statements speak only as of the date of
this press release. MtronPTI undertakes no obligation to update or
revise any forward-looking statements, whether as a result of new
information, future events or otherwise, except as required by law.
Accordingly, readers are cautioned not to place undue reliance on
these forward-looking statements. For these statements, we claim
the protection of the safe harbor for forward-looking statements
contained in the Private Securities Litigation Reform Act of
1995.
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version on businesswire.com: https://www.businesswire.com/news/home/20240416955901/en/
M-tron Industries, Inc.: Investor Relations:
ir@mtronpti.com
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