Comtech Appoints Dr. Stanton D. Sloane as President and CEO
Melville, NY, December 23, 2014--Comtech Telecommunications announced today that its Board of Directors has named Dr. Stanton D. Sloane as Chief Executive Officer and President of Comtech. Dr. Sloane will assume these positions no later than February 1, 2015 and will succeed Fred Kornberg as CEO and President, who will continue to serve the company during the next year as Executive Chairman of the Board of Directors.
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| Dr. Stanton D. Sloane |
In commenting on the announcement, Mr. Kornberg said, “I am delighted that Dr. Sloane will be assuming these leadership positions. The Board and I consider it extremely fortunate that we can pass the reins of the Company into such capable hands at this important stage of the Company’s development. Having been a director of Comtech since January 2012 and a long-time and seasoned senior executive with deep knowledge of the technology sector, Stan is well-qualified to lead Comtech to greater growth while continuing to build long-term value for our shareholders.”
Dr. Sloane commented, “Under Fred’s steady and excellent leadership over many years, Comtech has grown significantly – both organically and through thoughtful and well executed acquisitions. I am privileged to take on the roles of CEO and President of this great company and look forward to continue working with the Board, Fred and other members of senior management.”
Dr. Sloane served as President and CEO and a member of the board of directors of Decision Sciences International Corporation from August 2011 through December 2014, a privately-held advanced security and detection systems technology company. Previously, he served as President and CEO and a member of the board of directors of SRA International, Inc. (“SRA”), an information solutions company which, at the time, was a $1.8 billion New York Stock Exchange listed company. He served as President and CEO of SRA from April 2007 through July 2011, during which time he helped lead the sale of SRA to a private equity firm. During his four-year leadership tenure, SRA grew significantly. Prior to joining SRA, he was Executive Vice President of Lockheed Martin’s Integrated Systems & Solutions (a division with $5 billion in revenue and 14,000 persons under his direction) from June 2004 until April 2007. He began his business career with General Electric Aerospace in 1984 and progressed through engineering, program management, and business development assignments in a variety of GE Aerospace and subsequently Lockheed Martin businesses. He holds a Bachelor of Science degree in Professional Studies (Aeronautics) from Barry University, a Master of Arts degree in Human Resources Management from Pepperdine University, and a Doctor of Management degree from the Weatherhead Business School at Case Western Reserve University.
Comtech Telecommunications Corp. designs, develops, produces and markets innovative products, systems and services for advanced communications solutions. The Company believes many of its solutions play a vital role in providing or enhancing communication capabilities when terrestrial communications infrastructure is unavailable, inefficient or too expensive. The Company conducts business through three complementary segments: telecommunications transmission, RF microwave amplifiers and mobile data communications. The Company sells products to a diverse customer base in the global commercial and government communications markets. The Company believes it is a leader in most of the market segments that it serves.
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