New director.
Tuesday November 27, 6:00 am Eastern Time
Press Release
SOURCE: Vari-L Company, Inc.
Vari-L Company Appoints David M. Risley to Board of Directors
DENVER, Nov. 27 /PRNewswire/ -- Vari-L Company, Inc. (OTC: VARL - news), a leading provider of advanced components for the wireless telecommunications industry, today announced that David M. Risley has been named to the Company's Board of Directors. With the addition of Mr. Risley, Vari-L's Board is now comprised of five non-employee directors.
Mr. Risley brings to Vari-L more than 30 years of diversified business and finance experience, including senior-level management positions with four NYSE-listed companies. He currently serves as senior vice president and chief financial officer of La-Z-Boy Inc. (NYSE: LZB - news), a $2.2 billion furniture manufacturer, where his responsibilities include treasury, accounting, tax, audit, information systems, legal services, strategic planning and investor relations.
Prior to joining La-Z-Boy, Mr. Risley was vice president of finance and chief financial officer with Aeroquip Vickers, Inc., a $2.2 billion manufacturing firm serving the industrial, aerospace, and automotive markets with power and motion control devices, fluid connectors and composite components. Previous assignments include vice president and controller of Heizer Corporation, a $300 million venture capital and business development firm and various positions with TransUnion Corporation, a diversified $1.2 billion conglomerate. He began his career as a certified public accountant with Arthur Young & Company (now Ernst & Young LLP). He holds a BBA in Accounting from the University of Iowa and an MBA in Finance from Loyola University of Chicago.
``The addition of David Risley is another important milestone in ongoing efforts to expand our board with highly qualified outside directors,'' said Chuck Bland, president and CEO. ``In addition to adding a wealth of experience in finance and business management, Dave brings a strong track record in strategic planning and in managing the complex integration issues associated with acquisitions and other growth-oriented challenges faced by emerging companies.''
Headquartered in Denver, Vari-L designs, manufactures and markets wireless communications components that generate or process radio frequency (RF) and microwave frequency signals. Vari-L's patented products are used in commercial infrastructure equipment (including cellular/paging/PCS base stations and repeaters, fixed terminal point to point/multi-point data radios including LMDS/MMDS), consumer subscriber products (advanced cellular/PCS/satellite handsets, web-enabled smart phones, 2-way pagers, wireless PDAs, home networking), and military/aerospace platforms (satellite communications/telemetry, missile guidance, electronic warfare, electronic countermeasures, battlefield communications). Vari-L serves a diverse customer base of the world's leading technology companies, including Adaptive Broadband, Agere, Agilent Technologies, Digital Microwave, Ericsson, Glenayre Technologies (Wireless Access), Boeing Satellite Systems, Harris, Lockheed Martin, Lucent Technologies, Microwave Data Systems, Mitsubishi, Motorola, NEC, NeoPoint, Netro, Nokia, Novatel Wireless, Raytheon, and Siemens. |
