HUNT VALLEY, Md., March 20 /PRNewswire-FirstCall/ -- TESSCO Technologies Incorporated (NASDAQ:TESS), a value-added supplier of the product solutions needed to design, build, run, maintain and use wireless systems, announces the promotions of three team members. These promotions include: David M. Young, promoted to senior vice president and chief financial officer; Aric M. Spitulnik, promoted to vice president and controller; and Doug Dollenberg, Jr. promoted to vice president of the Strategic Services Line of Business.
As senior vice president and chief financial officer, David M. Young, a CPA, guides all accounting and financial operations including financial analysis and control, corporate development, strategic planning, and investor relations. Mr. Young had been serving as vice president and acting chief financial officer since February 2005. Prior to then, and since joining the company in July 1999, he served as TESSCO's controller. Mr. Young continues to serve as the Company's corporate secretary.
In his capacity as vice president and controller, Aric M. Spitulnik, a CPA, manages all accounting operations and serves as a leading financial resource for the analysis of new opportunities and investments. Mr. Spitulnik has been serving as acting controller since February 2005 and joined TESSCO in April 2000.
Doug Dollenberg, Jr., vice president and leader of the Strategic Services Line of Business, drives the unit's developments and execution of the services available to TESSCO's customers and manufacturers, such as fulfillment, training, and Web store solutions. Mr. Dollenberg joined TESSCO in August 2005 and was previously a manager at the consulting firm of McKinsey & Company.
"We are committed to building a corporation of enduring success, and are pleased that David, Aric and Doug have emerged as senior strategic-thinking, execution-driven leaders who are dedicated to achieving our goals," explains Robert B. Barnhill, chairman, president and chief executive officer. "I expect these gentlemen to continue to make significant contributions that will increase TESSCO's profitability, returns on assets, and shareowner value." About TESSCO TESSCO Technologies Incorporated is a value-added supplier of the product solutions needed to design, build, run, maintain and use wireless systems. TESSCO is committed to delivering, fast and complete, the product needs of wireless system operators, program managers, contractors, resellers, and self- maintained utility, transportation, enterprise and government organizations. As Your Total Source(R) supplier of mobile and fixed-wireless network infrastructure products, mobile devices and accessories, and installation, test and maintenance equipment and supplies, TESSCO assures customers of on- time availability, while streamlining their supply chain process and lowering inventories and total costs. To learn more, please visit TESSCO.com.
Forward-Looking Statements This press release may contain forward-looking statements. These forward- looking statements may generally be identified by the use of the words "may," "will," "expects," "anticipates," "believes," "estimates," and similar expressions, and involve a number of risks and uncertainties. For a variety of reasons, actual results may differ materially from those described in or contemplated by any such forward-looking statement. Consequently, the reader is cautioned to consider all forward-looking statements in light of the risks to which they are subject. DATASOURCE: TESSCO Technologies Incorporated CONTACT: Jamie Holloway, TESSCO Technologies Incorporated, +1-410-229-1123, Web site: http://www.tessco.com/
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