Communications Systems, Inc. Appoints Anita Kumar as Chief Executive Officer
December 01 2020 - 9:25AM
Business Wire
Communications Systems, Inc. (NASDAQ: JCS) (“CSI” or the
“Company”), an IoT intelligent edge products and services company,
today announced that it has appointed Anita Kumar as its Chief
Executive Officer, effective immediately. Ms. Kumar will also join
CSI’s Board of Directors bringing the total number of members to
six. As the new CEO, she succeeds Roger Lacey who will continue to
serve as Executive Chairman of CSI’s Board of Directors.
Ms. Kumar joined CSI in 2011 and was promoted to General Manager
of Transition Networks in 2019, where she led business operations
and oversaw the Electronics & Software assets of CSI. Prior to
joining CSI, she held positions in product management and software
engineering at global organizations such as ADC, Nortel Networks,
Lucent Technologies, AT&T and Ericsson-Raynet. Ms. Kumar has a
Ph.D. from Ohio University in high energy particle physics and a
B.S. from University of Mumbai.
Ms. Kumar noted, “I am honored to accept the role of CEO and
excited to lead our Company into the next stage of corporate growth
and expansion. Over the last several years we have gone through a
significant transformation, made meaningful investments in the
development of state-of-the-art solutions, aligned our resources
towards high growth markets and focused our efforts on recurring
and higher margin revenue sources. We are now well positioned to
become a leading provider of secure, Never Down® solutions at the
intelligent edge of networks. Our customers are looking to realize
business benefits from data captured at the network edge and our
goal is to provide them actionable insight through intuitive
solutions and managed service offerings. I am confident that with
our amazing, dedicated and talented team and our well-thought-out
business strategy we will be able to capitalize on substantial new
opportunities to expand our client base and grow our revenue.”
Ms. Kumar added, “I am looking forward to working closely with
our outstanding leadership team, our Executive Chairman, Roger, and
our board of directors to steer CSI toward new growth avenues and
create long-term value for our shareholders.”
Mr. Lacey said, “We are delighted with the appointment of Anita
and believe that she brings the right experience and skills needed
to accelerate our scale and growth. As a member of our team for
almost a decade, she has shown tremendous leadership capabilities
and has a track record of producing exceptional results. As the
Company’s Executive Chairman, I look forward in working closely
with Anita and our board to leverage all of our combined knowledge
and relationships towards a smooth transition, and at the same time
ensure the continued success of the great business we have built
over the years.”
About Communications Systems
Communications Systems, Inc., an IoT intelligent edge products
and services company, provides network infrastructure and services
for global deployments of enterprise and industrial networks. CSI
operates under its Electronics & Software and Services &
Support operating segments.
Electronics & Software segment
provides smart, flexible solutions at network edge, by giving
customers the ability to easily provision and proactively manage
their networks with actionable insights about their edge devices
and connected end points, thereby minimizing the administrative
burden of the operator.
Services & Support segment
provides fully managed services for all aspects of design,
deployment, support and maintenance of customer networks.
With partners and customers in over 50 countries, CSI has built
a reputation as a reliable global innovator focusing on quality and
customer service. CSI For more information visit:
commsysinc.com.
Forward Looking Statement
This press release includes certain forward-looking statements
within the meaning of the Private Securities Litigation Reform Act
of 1995, including statements regarding future financial
performance, future growth and future acquisitions. These
statements are based on Communications Systems’ current
expectations or beliefs and are subject to uncertainty and changes
in circumstances. Actual results may vary materially from those
expressed or implied by the statements here due to changes in
economic, business, competitive or regulatory factors, and other
risks and uncertainties affecting the operation of Communications
Systems’ business. These risks, uncertainties and contingencies are
presented in the Company’s Annual Report on Form 10-K and, from
time to time, in the Company’s other filings with the Securities
and Exchange Commission. The information set forth herein should be
read in light of such risks. Further, investors should keep in mind
that the Company’s financial results in any particular period may
not be indicative of future results. Communications Systems is
under no obligation to, and expressly disclaims any obligation to,
update or alter its forward-looking statements, whether as a result
of new information, future events, changes in assumptions or
otherwise.
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version on businesswire.com: https://www.businesswire.com/news/home/20201201005292/en/
Communications Systems, Inc. Anita Kumar Chief Executive
Officer 952-996-1674
Roger H. D. Lacey Executive Chair 952-996-1674
Mark D. Fandrich Chief Financial Officer 952-582-6416 /
mark.fandrich@commsysinc.com
The Equity Group Inc. Lena Cati Vice President
212-836-9611 / lcati@equityny.com
Devin Sullivan Senior Vice President 212-836-9608 /
dsullivan@equityny.com
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