Pratt Named CFO for TFS Microdisplay Spin-off
Thursday April 24, 8:01 pm ET
TEMPE, Ariz., April 24 /PRNewswire-FirstCall/ -- Three-Five Systems, Inc. (NYSE: TFS - News), a Tempe-based display systems solutions and electronics manufacturing services company, today announced that Wayne A. Pratt has been hired as Chief Financial Officer for the new, publicly traded company that will be formed in mid-2003 as a result of the spin-off of TFS' microdisplay division.
Pratt, 41, most recently served as Senior Vice President and CFO for Limelight Networks, a provider of outsourced IP delivery solutions, where his strategic leadership helped the company to double its revenues. Prior to Limelight, Pratt was Senior Vice President and CFO for Axient Communications. During that time, he helped to grow the company from 20 to 130 employees, oversaw the deployment of IP networks in 70 cities and assisted the company in raising $12 million in equity financing and over $40 million in debt and lease financing. Pratt also served as Senior Vice President and CFO for GlobalCenter, Inc. and Director of Financial Reporting for Swift Transportation, a Nasdaq-traded company.
"As our new microdisplay company moves forward, Wayne will be instrumental in shaping the business and financial model for success," says Jack Saltich, CEO and President, Three-Five Systems. "His accounting and finance background in the technology industry combined with his experience in the capital markets, make Wayne a valuable addition to the team. I am looking forward to his contributions toward growing this exciting new company."
Pratt received a Bachelor of Science degree in Accounting from Arizona State University in Tempe, Arizona in May of 1986. Following graduation, he worked with KPMG through 1994, most recently as a Senior Manager.
About Three-Five Systems, Inc.®
TFS is a recognized leader in providing end-to-end engineering, electronic manufacturing, and display solutions to original equipment manufacturers (OEMs). TFS has a global footprint, with operations in the United States, Europe and in several locations in Asia, offering engineering and electronic manufacturing services (EMS), with a special emphasis and expertise in display subsystems. TFS also has a separate Microdisplay division, which is being spun off into a newly created publicly traded company in mid-2003. The Microdisplay division offers discrete microdisplay devices through completely integrated microdisplay engine solutions based on its liquid crystal on silicon (LCoS®) microdisplays. The company's Web site is located at www.threefive.com . Three-Five Systems, Inc., the Three-Five Systems' logo, LCoS, and Brillian, are trademarks or registered trademarks of Three-Five Systems, Inc. All other trademarks are the property of their respective owners.
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Source: Three-Five Systems, Inc. |
