Technology Research Corporation Appoints Chief Financial Officer
01 Settembre 2010 - 3:38PM
Technology Research Corporation (TRC), (Nasdaq:TRCI) today
announced that Robert D. Woltil, has been appointed Vice President
Finance, Chief Financial Officer and Corporate Secretary effective
today. Since July 20, 2010, Mr. Woltil served as our Interim Chief
Financial Officer.
Owen Farren, Chairman and Chief Executive Officer of TRC, said,
"I am pleased to announce the appointment of Robert D. Woltil as
Vice President of Finance, Chief Financial Officer and Corporate
Secretary. Bob has been serving as TRC's interim Chief
Financial Officer and has been performing this role with
excellence. We are pleased to have Bob as a permanent member
of our Senior Management Team."
EXPERIENCE/EDUCATION SUMMARY
Mr. Woltil, 55, was most recently a Partner in SFN Professional
Services LLC (Tatum), an executive services firm, from April 2010
until now, as well as from June 2004 until December 2005. Prior to
that, he was the Chief Financial Officer of Ultimate Jet Charters,
a provider of private aviation services, from January 2008 until
February 2010. Previously, he was the Chief Financial Officer of
Dresser, Inc., a manufacturer of highly engineered products for the
energy industry, from December 2005 until August 2007. From May
2002 until May 2004, he was the Chief Restructuring Officer of
Senior Living Properties, LLC, a provider of healthcare services.
Earlier in his career, he was the Chief Financial Officer for
Catalina Marketing Corporation, Sun Healthcare Group and Beverly
Enterprises, Inc., all public companies traded on the New York
Stock Exchange during his tenure. He also practiced public
accounting for seven years, including five years with KPMG, LLP.
Mr. Woltil is a Certified Public Accountant, and holds an MBA
from the University of Florida.
TRC is a recognized leader in providing cost effective
engineered solutions for applications involving power management
and control, intelligent battery systems technology and electrical
safety products based on our proven ground fault sensing and Fire
Shield® technology. These products are designed, manufactured
and distributed to the consumer, commercial and industrial markets
worldwide. The Company also supplies power monitors and
control equipment to the United States Military and its prime
contractors. More information is available at
www.trci.net.
The Technology Research Corporation logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=6266
"Safe Harbor" Statement under the Private Securities Litigation
Reform Act of 1995: Some of the statements in this report
constitute forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995 and the Securities
Exchange Act of 1934. These statements are related to future
events, other future financial performance or business strategies,
and may be identified by terminology such as "may," "will,"
"should," "expects," "scheduled," "plans," "intends,"
"anticipates," "believes," "estimates," "potential," or "continue,"
or the negative of such terms, or other comparable
terminology. These statements are only
predictions. Actual events as well as results may differ
materially. In evaluating these statements, you should
specifically consider the factors described throughout this
report. We cannot be assured that future results, levels of
activity, performance or goals will be achieved.
CONTACT: Technology Research Corporation
Owen Farren, Chief Executive Officer
(727) 535-0572
Fax: (727) 535-9691
www.trci.net
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