BLUE
BELL, Pa., Dec. 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
John Kritzmacher, Bruce Roberson and Cielo
Hernandez to QualTek's Board of Directors. They will replace
Jigisha Desai, Sam Totusek, and Sam
Chawla.
"We are excited to welcome John, Bruce and Cielo to QualTek's
Board of Directors and believe their extensive experience and
expertise, both as board members and operators, will benefit
QualTek as we execute on future growth," said QualTek CEO
Scott Hisey. "We also would like to
thank Jigisha, Sam, and Sam for their service to the board."
John Kritzmacher joins the board
with decades of experience as a board director, CFO and C-level
operations executive across the Technology, Media & Telecom
sector. Mr. Kritzmacher's leadership perspective is derived from a
combination of senior finance and operations roles in fast-paced
markets disrupted by new technology and business model innovations.
Mr. Kritzmacher has served as board director for InterDigital
for 13 years, including eight years as Audit Committee Chair.
Previously, he served on Duff & Phelps' board prior to the firm
being taken private. In his senior executive roles, Mr. Kritzmacher
most recently served as Executive Vice President and Chief
Financial Officer of Wiley from
2013-2021, developing and executing strategies to drive revenue
growth and achieve the highest earnings performance in the
company's 215+-year history. Mr. Kritzmacher's Telecom
experience includes serving as CFO at Lucent Technologies, leading
into its merger with Alcatel, and as CFO at Global Crossing,
leading into its combination with Level 3. Mr. Kritzmacher earned
an undergraduate degree in mathematics and economics from
Dartmouth College. He also holds an MBA
with a specialization in accounting from New
York University Stern School of Business. John will serve as
Audit Committee Chairman.
Bruce Roberson joins the Board
with more than 35 years' experience as a CEO, investor, and
consultant. Mr. Roberson is a Partner at Brightstar Capital
Partners. Prior to joining Brightstar Capital Partners, he was a
Partner with Sun Capital Partners, responsible for leading the
firm's operations team in North
America. In that role Mr. Roberson was responsible for the
performance of more than thirty portfolio companies and served as a
board member for 22 of those companies. Previously, Mr. Roberson
served for ten years as President and CEO of PSC Industrial
Services under two different private equity owners. At PSC, Mr.
Roberson led four separate sale processes. Prior to PSC, Mr.
Roberson was an executive with Safety-Kleen
Systems as well as a Senior Partner at McKinsey &
Company where he worked for twenty years. Bruce received an
economics degree from Stanford
University and a Master of Business Administration from
Harvard Business School.
Cielo Hernandez joins the board
as an accomplished leader with more than 25 years of experience
leading global teams across various industries including logistics,
energy, manufacturing, retail and technology. Currently, Ms.
Hernandez is the Chief Financial Officer and Chief Human Resources
Officer of ProTrans Holdings, Inc. in Austin, TX. Ms. Hernandez is a strategic
leader responsible for all financial activities with a focus on
driving financial performance management, profitability analysis,
long-term financing plan, and compliance. Ms. Hernandez also has
extensive experience in HR strategy and transformation that drive
company growth and profitability. Ms. Hernandez currently serves as
a Board member for KVH Industries as a Chairman of the Audit
Committee and Board Member of the Rowan
University Foundation. Ms. Hernandez also served as a Board
Member for the Chamber of Commerce Southern NJ, a Board Member for
SJI subsidiaries, President and Board Member of Maersk Inc and
Maersk Services and Board Member for APM Terminals and MSC Joint
Venture. Ms. Hernandez earned an undergraduate degree in accounting
from Universidad Santiago de Cali,
Colombia. She also holds an MBA with specialization in
international business from the University of
Miami.
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 reports 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 financial condition, results of operations,
earnings outlook and prospects of QualTek. 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 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
Madison Leonard
PR@qualtekservices.com
(484) 804 - 4585
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SOURCE QualTek Services Inc.