BLUE BELL, Pa., March 7, 2022 /PRNewswire/ -- QualTek Services
Inc. ("QualTek" or the "Company") (NASDAQ: QTEK), a leading turnkey
provider of infrastructure services to the North American 5G
wireless, telecom, power grid modernization and renewable energy
sectors, announced today the appointment of Daniel Lafond, who joined the board as an
independent director on March 2,
2022. QualTek previously appointed Jigisha Desai and Sam
Chawla as independent board members.
"We are pleased to have
Jigisha, Sam and Dan as independent directors to QualTek's board
during this exciting time for the company," said QualTek CEO
Scott Hisey. "QualTek will benefit
from their strong voices and experience growing and transforming
public companies. Now that we've entered the public markets,
QualTek is focused on executing on
our growing backlog and continue providing best-in-class services
to our customers, specifically surrounding the buildout of national
5G networks."
Daniel
Lafond joins the Board of Directors with more than 20 years
of experience in the telecommunications and technology industries,
including in many senior leadership roles at AT&T Inc., Comcast
Corporation ("Comcast") and QuadGen Wireless Solutions Inc. Most
recently, Mr. Lafond served seven years as Senior Vice President of
Sales at Comcast. In this role, Dan led the transformation
strategy for XFINITY sales channels and operations. Mr. Lafond
helped drive customer growth by investing in sales channel to
better serve the customer, as well as creating a more centralized
sales operations function to help support the employee serving the
customers of Xfinity. Dan graduated from LaSalle University with a BS in
Accounting.
Jigisha Desai has been a member
of the Board of Directors of QualTek since February 2022. Ms. Desai has over 30 years of
financial management, business leadership, and corporate strategy
experience. She had a 29-year career at Granite Construction
Incorporated, including serving as Executive Vice President and
Chief Strategy Officer. Additionally, Ms. Desai is a board member
of 1st Capital Bank, Tutor Perini Corporation, and Element US.
Formerly, she served on the boards of Pacific Collegiate School,
Pajaro Valley Health Trust and Girls Inc. Ms. Desai is a member of
the Association of Financial Professionals and a Certified Treasury
Professional. Ms. Desai received a B.S. in Accounting from the
University of Houston, an M.B.A. in
Corporate Finance from Golden Gate
University, and completed Harvard
Business School's Advanced Management Program.
Sam Chawla has been a member of
the Board of Directors of ROCR since April
2021. Mr. Chawla has been a Portfolio Manager of Perceptive
Advisors LLC, an investment fund focused on the healthcare sector,
since 2013. Previously, Mr. Chawla served as a member of the board
of directors of each of VBI Vaccines Inc. (NASDAQ: VBIV), and Great
Basin Scientific, Inc. Prior to 2013, Mr. Chawla was a Managing
Director in Investment Banking at UBS and held executive positions
at Credit Suisse. Mr. Chawla received an M.B.A. from
Georgetown University and a B.A. in
Economics from Johns Hopkins
University.
About QualTek
Founded in 2012, QualTek is a leading
technology-driven provider of infrastructure services to the 5G
wireless, telecom, power grid modernization and renewable energy
sectors across North America.
QualTek has a national footprint with more than 80 operation
centers across the U.S. and a workforce of over 5,000 people.
QualTek has established a nationwide operating network to enable
quick responses to customer demands as well as proprietary
technology infrastructure for advanced reporting and invoicing. The
Company will report within two operating segments:
Telecommunications, and Renewables and Recovery and has already
become a leader in providing disaster recovery logistics and
services for electric utilities. For more information, please
visit https://www.qualtekservices.com.
Forward Looking Statements
This communication contains
forward-looking statements for purposes of the safe harbor
provisions under the United States Private Securities Litigation
Reform Act of 1995, including statements about the anticipated
benefits of the Business Combination and the financial condition,
results of operations, earnings outlook and prospects of QualTek
and may include statements for the period following the
consummation of the Business Combination. Forward-looking
statements are typically identified by words such as "plan,"
"believe," "expect," "anticipate," "intend," "outlook," "estimate,"
"forecast," "project," "continue," "could," "may," "might,"
"possible," "potential," "predict," "should," "would" and other
similar words and expressions, but the absence of these words does
not mean that a statement is not forward-looking.
The forward-looking statements are based on the current
expectations of the management of QualTek and are inherently
subject to uncertainties and changes in circumstances and their
potential effects and speak only as of the date of such statement.
There can be no assurance that future developments will be those
that have been anticipated. These forward-looking statements
involve a number of risks, uncertainties or other assumptions that
may cause actual results or performance to be materially different
from those expressed or implied by these forward-looking
statements. These risks and uncertainties include, but are not
limited to, those discussed and identified in public filings made
with the SEC by QualTek.
Should one or more of the risks
or uncertainties materialize or should any of the assumptions made
by the management of QualTek prove incorrect, actual results may
vary in material respects from those projected in these
forward-looking statements.
All subsequent written and oral forward-looking statements
concerning the Business Combination or other matters addressed in
this communication and attributable to QualTek or any person acting
on its behalf are expressly qualified in their entirety by the
cautionary statements contained or referred to in this
communication. Except to the extent required by applicable law or
regulation, QualTek undertakes no obligation to update these
forward-looking statements to reflect events or circumstances after
the date of this communication to reflect the occurrence of
unanticipated events
Media Contact:
QualTek IR/Communications
Gianna Lucchesi
PR@qualtekservices.com
(484) 804 - 4585
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SOURCE QualTek Services Inc.