Electro Rent Announces CFO Retirement
July 20 2015 - 8:00AM
Business Wire
Electro Rent Corporation (Nasdaq: ELRC) today announced that
Craig Jones, 69, the company’s Chief Financial Officer, is retiring
effective August 31, after a 26-year career with the company. He
will provide consulting services to Electro Rent, as needed.
Allen Sciarillo, 50, Electro Rent’s Vice President, Finance will
become acting CFO. Sciarillo has nearly 30 years of finance and
accounting experience and has been with Electro Rent since
2006.
“Craig has been an integral part of our team for more than two
decades. As he leaves Electro Rent to travel the world and spend
more time with his family, we wish him well,” said Daniel
Greenberg, Chairman and CEO of Electro Rent.
About Electro Rent
Electro Rent Corporation (www.ElectroRent.com) is one of the
largest global organizations devoted to the rental, leasing and
sales of general purpose electronic test equipment, personal
computers and servers.
“Safe Harbor” Statement
Except for the historical statements and discussions in this
press release, Electro Rent’s statements above constitute
forward-looking statements within the meaning of section 21E of the
Securities Exchange Act of 1934. These forward-looking statements
reflect Electro Rent’s management’s current views with respect to
future events and financial performance. You should not put undue
reliance on these statements. When used, the words “expect” and
“will” and other similar expressions identify forward looking
statements. These forward-looking statements are subject to certain
risks and uncertainties. The company believes its assumptions are
reasonable; nonetheless, it is likely that at least some of these
assumptions will not come true. Accordingly, Electro Rent’s actual
results will probably differ from the outcomes contained in any
forward-looking statement, and those differences could be material.
Factors that could cause or contribute to these differences
include, among others, those risks and uncertainties discussed in
Electro Rent’s periodic reports on Form 10-K and 10-Q and in its
other filings with the Securities and Exchange Commission. Should
one or more of the risks discussed, or any other risks,
materialize, or should one or more of our underlying assumptions
prove incorrect, Electro Rent’s actual results may vary materially
from those anticipated, estimated, expected or projected. In light
of the risks and uncertainties, there can be no assurance that any
forward-looking statement will in fact prove to be correct. Electro
Rent undertakes no obligation to update or revise any
forward-looking statements.
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version on businesswire.com: http://www.businesswire.com/news/home/20150720005288/en/
Electro Rent CorporationDaniel Greenberg, Chairman and
CEO818-786-2525orPondelWilkinson Inc.Roger Pondel/Laurie
Berman310-279-5980pwinvestor@pondel.com
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