Communications Systems, Inc. Chief Financial Officer to Retire at the End of 2013

Date : 11/30/2012 @ 10:21AM
Source : PR Newswire (US)
Stock : Communications Systems, Inc. (MM) (JCS)
Quote : 4.48  0.05 (1.13%) @ 4:00PM
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Communications Systems, Inc. Chief Financial Officer to Retire at the End of 2013

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Communications Systems, Inc. Chief Financial Officer to Retire at the End of 2013

MINNETONKA, Minn., Nov. 30, 2012 /PRNewswire/ -- Communications Systems, Inc. (NASDAQ: JCS) announced today that David T. McGraw, the Company's Chief Financial Officer, advised the Company that he intends to retire at the end of 2013.  Mr. McGraw has served as Chief Financial Officer since January 2008.  Prior to that, from September 2002 to December 2007, he served as President and General Manager of the Company's Suttle business segment and, from May 2001 to August 2002, he served as Chief Operating Officer of JDL Technologies, Inc.

Company Chief Executive Officer Bill Schultz commented, "We have appreciated Dave's many years of dedicated service to CSI.  Dave provided strong leadership while serving as General Manager of our Suttle business segment.  As our CFO, he has strengthened our Finance Group's capabilities and has continued to be a key player in CSI's focus on profitable growth while continuing to contribute as he has in the past.  Dave's early notification of his retirement plans will enable us to implement an orderly and efficient transition of his responsibilities to his successor."

About Communications Systems, Inc.

Communications Systems, Inc. provides physical connectivity infrastructure and services for global deployments of broadband networks.  Focusing on innovative, cost-effective solutions, CSI provides customers the ability to deliver, manage, and optimize their broadband network services and architecture. From the integration of fiber optics in any application and environment to efficient home voice and data deployments to optimization of data and application access, CSI provides the tools for maximum utilization of the network from the edge to the user. With partners and customers in over 50 countries, CSI has built a reputation as a reliable global innovator focusing on quality and customer service.

SOURCE Communications Systems, Inc.

Copyright 2012 PR Newswire

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