LeCroy Names Norman R. Robertson to Board of Directors
Executive Brings 30 Years of Financial Management Experience
CHESTNUT RIDGE, N.Y., May 19 /PRNewswire-FirstCall/ -- LeCroy Corporation , a
leading worldwide provider of oscilloscopes and related test and measurement
equipment, today announced the appointment of Norman R. "Bud" Robertson, 55, to
the Company's board of directors. With the addition of Robertson, LeCroy's
board numbers seven directors -- five of whom are independent. Robertson will
serve on the audit committee as the designated Audit Committee Financial
Expert.
Robertson is senior vice president, finance and administration, and chief
financial officer for Progress Software Corporation, a Bedford, Massachusetts-
based supplier of development, deployment, integration and business management
applications. Prior to joining Progress Software in 1996, Robertson was
director of finance and administration, and treasurer of M/A-Com, Inc., a
leading supplier of radio frequency, microwave and millimeter wave
semiconductors and components to the wireless telecommunications, surveillance
and defense-related industries. Robertson also has served as a financial
executive at Progressive Technologies, Instrumentation Laboratory, Fisher
Scientific, Digital Equipment Corporation and General Motors.
"Bud brings more than 30 years of financial management experience to LeCroy's
board of directors," said LeCroy Chairman of the Board Charles Dickinson.
"During the past eight years as CFO of Progress Software, Bud has overseen all
financial and administrative activities during a period of consistent and
profitable growth. Bud's expertise in financial management, including
strategic planning, control, treasury and M&A, along with his extensive
experience with Wall Street, will expand the strength and depth of our board." "We welcome Bud's many years of experience with technology and instrumentation
companies, and his knowledge of the computer, automotive and military sectors,
which are key vertical markets for LeCroy," said LeCroy President and Chief
Executive Officer Tom Reslewic. "We look forward to Bud's contributions as we
pursue our strategy to secure existing markets with digital analyzers targeted
at key vertical markets and introduce new products at the high- and low-ends of
the oscilloscope market." Robertson holds a B.B.A from the University of Massachusetts and M.B.A from
Boston University.
About LeCroy Corporation LeCroy Corporation makes advanced instruments for measuring and analyzing
complex electronic signals. The Company's core products are high-performance
oscilloscopes used by design engineers in the computer and semiconductor, data
storage device, automotive and industrial, and military and aerospace markets. LeCroy's 40-year heritage of technical innovation is the foundation for its
recognized leadership in "WaveShape Analysis" -- capturing, viewing and
measuring the high-speed signals that drive today's information and
communications technologies. Targeting a growing billion-dollar global market,
LeCroy meets a broad spectrum of customer needs with four families of
oscilloscopes, and distributes these products through a worldwide direct sales
organization. LeCroy is headquartered in Chestnut Ridge, New York, and Company
information is available at http://www.lecroy.com/.
Safe Harbor This release contains forward-looking statements pertaining to the Company's
ability to secure vertical markets and introduce new products at the high- and
low-ends of the oscilloscope market, as well as other estimates relating to
future operations. All such forward-looking statements are only estimates of
future results, and there can be no assurance that actual results will not
materially differ from expectations. Actual performance and results of
operations may differ materially from those projected or suggested in the
forward-looking statements due to certain risks and uncertainties including,
without limitation, volume and timing of orders received, changes in the mix of
products sold, competitive pricing pressure, the Company's ability to
anticipate changes in the market, the availability and timing of funding for
the Company's current products, the development of future products and the
Company's ability to use intellectual property and protect its patent
portfolio. LeCroy undertakes no obligation to publicly update forward-looking
statements, whether because of new information, future events or otherwise. Further information on potential factors that could affect LeCroy Corporation's
business is described in the Company's reports on file with the SEC.
Contact:
Scott D. Kantor
Chief Financial Officer
LeCroy Corporation
Tel: 845.425.2000
DATASOURCE: LeCroy Corporation CONTACT: Scott D. Kantor, Chief Financial Officer of LeCroy Corporation, +1-845-425-2000 Web site: http://www.lecroy.com/ Company News On-Call: http://www.prnewswire.com/comp/112071.html
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