Endwave Announces Changes in Financial Management

Endwave Corporation (Nasdaq:ENWV), a leading provider of high-frequency RF solutions for mobile communications networks, today announced that Brett W. Wallace will be leaving his position as the Company�s Chief Financial Officer and Executive Vice President on June 26, 2009. Mr. Wallace will be succeeded as Chief Financial Officer by Curt P. Sacks, currently Endwave�s Vice President, Finance and Corporate Controller.

�As a management team, we have worked diligently over the past few years to increase the efficiency and profitability of our business and I look forward to working with Curt, over the next several weeks, to continue on that path as I move on to new personal opportunities,� said Wallace.

�During the tumultuous times of the past few years, Brett has made an extraordinary level of important contributions to the company, helping us to cope with the challenges,� said Ed Keible, Endwave's President and Chief Executive Officer. �Brett�s intellect, judgment and leadership ability have been invaluable to the company. We will all miss him and wish him well in his next endeavor. Additionally, I am fully confident that in his replacement, Mr. Sacks, we have the intellectual, financial and strategic skills to keep Endwave on the path of success.�

�I am thrilled to lead the financial team of Endwave into the future and thankful for the mentoring that Brett has shown me over the past few years,� said Mr. Sacks. �I am confident that I can continue the financial improvement trails that Brett and his predecessor have blazed.�

Mr. Sacks has served as Endwave�s Vice President, Finance and Corporate Controller since February 2006. He joined Endwave in 2004 as Corporate Controller after serving in this capacity for two prior companies: Com21, Inc., a manufacturer of system solutions for the broadband access market; and Finisar, Inc., a manufacturer of high-speed communication equipment for data and storage. Prior to 1998, Mr. Sacks worked in corporate finance at 3Com Corporation and as an auditor for Deloitte & Touche LLP. Mr. Sacks is a C.P.A. in California with a B.A. in Economics from UCLA.

About Endwave

Endwave Corporation designs, manufactures and markets RF modules and semiconductors that enable the transmission, reception and processing of high-frequency signals in mobile communication networks and other RF-based systems. Endwave has 41 issued patents covering its core technologies including semiconductor and proprietary circuit designs. Endwave Corporation is headquartered in San Jose, CA, with operations in Salem, NH and Chiang Mai, Thailand. Additional information about Endwave can be accessed from its web site at www.endwave.com.

Endwave (NASDAQ:ENWV)
Historical Stock Chart
From Jun 2024 to Jul 2024