Comtech Telecommunications Corp. Appoints Lawrence J. Waldman to Its Board of Directors
By Business Wire News
By Business Wire News
August 31, 2015–Comtech Telecommunications Corp. (Nasdaq: CMTL), a leading provider of products, systems and services for advanced communications solutions, today announced that the Board of Directors has appointed Lawrence J. Waldman as a Director and member of the Audit Committee. Mr. Waldman’s appointment increases the size of the Board to seven members.
Mr. Waldman currently serves as a member of the Board of Directors of Bovie Medical Corporation, a NYSE listed company where he currently serves as Lead Independent Director and is Chairman of its Audit Committee. Mr. Waldman also serves as a member of the Board of Directors of Northstar/RXR Metro Income, Inc., an SEC registered non-traded real estate investment trust and is also an advisor to the accounting firm of EisnerAmper LLP. Mr. Waldman has held a variety of executive level positions with public accounting firms including EisnerAmper LLP, Holtz Rubenstein Reminick, LLP and KPMG LLP. Mr. Waldman is also a member of a number of industry and civic boards including the Advanced Energy Research Center at Stony Brook University and is a member of the State University of New York’s Board of Trustees.
“I welcome Larry Waldman to the Board of Directors and look forward to the contributions he will make to the Company,” said Fred Kornberg, Executive Chairman of the Board of Directors of Comtech Telecommunications Corp. “Larry’s extensive experience serving as a member of a variety of business, industry, and civic boards will allow him to bring new perspectives to our Board.”
“I am pleased that Larry has agreed to join our Board and I look forward to tapping into his wealth of experience and expertise as we seek to continue Comtech’s long-standing history of creating value for all stockholders,” said Dr. Stanton Sloane, President and Chief Executive Officer of Comtech.
Comtech Telecommunications Corp. designs, develops, produces and markets innovative products, systems and services for advanced communications solutions. The Company’s solutions play a vital role in providing or enhancing communication capabilities when terrestrial communications infrastructure is unavailable, inefficient or too expensive. The Company conducts business through three complementary segments: telecommunications transmission, RF microwave amplifiers and mobile data communications. The Company sells products to a diverse customer base in the global commercial and government communications markets. The Company believes it is a leader in most of the market segments that it serves.
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 such Securities and Exchange Commission filings.
Michael D. Porcelain, Senior Vice President and Chief Financial Officer