Comtech Names Judy Chambers to Board of Directors
July 22 2021 - 9:00AM
Business Wire
New Director
Adds Extensive Financial Expertise and Further Diversifies the
Board
Three
Longstanding Directors to Retire as Part of Ongoing Board
Refreshment
July 22, 2021-- Comtech Telecommunications Corp. (NASDAQ:
CMTL), a global leading provider of next-generation 911 emergency
systems and secure wireless communications technologies, announced
today that Judy Chambers, Managing Principal of Meketa Investment
Group, has been appointed to Comtech’s Board of Directors,
effective at the start of Comtech’s fiscal year 2022 which begins
August 1, 2021. She will serve as Chair of the Board’s Nominating
and Governance Committee, which oversees the Company’s corporate
governance practices and processes, including its inclusiveness and
diversity efforts.
Fred Kornberg, Comtech’s Chairman and CEO, said, “We are
delighted to welcome Judy to the Board. She brings 30 years of
business and leadership experience and deep financial knowledge
from a career in corporate finance and investment advisory, and we
look forward to benefitting from her outstanding capabilities and
valuable perspective as well as her experience fostering equality,
inclusion and diversity. She will make a significant contribution
to our Board as we create and deliver sustained value for our
shareholders and all our stakeholders.”
Judy Chambers is a Managing Principal, and member of the Board
of Directors of Meketa Investment Group, an investment consulting
and advisory firm with over $1.5 trillion of assets under
advisement. She serves on the Board of Trustees of the Community
Service Society of New York, a nonprofit focused on alleviating
income inequality, is Chair of the Advisory Board of the Robert
Toigo Foundation, which promotes stronger stakeholder returns in
the financial industry through inclusion and diversity. Judy also
serves on the Advisory Board of the Jazz Foundation of America.
Judy holds a B.A. from Duke University and an M.B.A. from the
Kellogg School of Management at Northwestern University.
Separately, Comtech announced the retirements of directors Edwin
Kantor, Ira Kaplan and Robert Paul from the Comtech Board following
the Company’s fiscal 2021 annual meeting, which is anticipated to
occur in December 2021. Upon conclusion of the annual meeting,
existing Board member and Chairman of the Audit Committee, Lawrence
Waldman, will become Lead Independent Director and the size of
Comtech’s Board will be reduced to five members, four of whom will
be independent.
Mr. Kornberg added, “On behalf of the Board, I want to express
my profound thanks to Ed, Ira and Bob for their years of invaluable
service and contributions to Comtech and our shareholders. Across
Comtech, we take seriously our responsibilities as an essential
provider for the safety and security of communities and advancing
economic opportunity for everyone. To this end, the Board is
committed to maintaining the right mix and balance of skills,
experience, diversity and viewpoints through ongoing Board
refreshment. Following the appointments of four independent
directors in the past several years, our longstanding directors are
able to retire with the utmost confidence in the continued
stewardship of our company.”
About Comtech
Comtech Telecommunications Corp. is a leading provider of
next-generation 911 emergency systems and critical wireless
communication technologies to commercial and government customers
around the world. Headquartered in Melville, New York and with a
passion for customer success, Comtech designs, produces and markets
advanced and secure wireless solutions to customers in more than
100 countries. For more information, please visit
www.comtechtel.com.
Forward-Looking Statements
Certain information in this press release contains statements
that are forward-looking in nature and involve certain significant
risks and uncertainties. Actual results could differ materially
from such forward-looking information. The Company’s Securities and
Exchange Commission filings identify many such risks and
uncertainties. Any forward-looking information in this press
release is qualified in its entirety by the risks and uncertainties
described in Securities and Exchange Commission filings.
PCMTL
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Media Contact Kekst CNC Kimberly.Kriger@kekstcnc.com /
Nick.Capuano@kekstcnc.com (212) 521-4800
Investor Contact Michael Porcelain (631) 962-7005
Investors@comtech.com
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