building a company or building a payroll?
Signal Technology Appoints Dr. James DiLorenzo as New President
DANVERS, Mass.--(BUSINESS WIRE)--March 16, 1999--Signal Technology Corp. (AMEX:STZ) Tuesday announced that Dr. James V. DiLorenzo, 58, has been appointed the company's new president, effective Monday.
George Lombard, Signal Technology's president since June 30, 1998, will remain chairman of the board and chief executive officer.
DiLorenzo comes to Signal Technology with more than 25 years of senior management experience in the electronics industry. Most recently, he served since January 1996 as general manager of Raytheon Microelectronics, a division of Raytheon Electronics, the commercial electronics group of Lexington, Mass.-based Raytheon Co.
In his role as general manager, DiLorenzo led the division's efforts to convert state-of-the-art defense technology to commercial applications, as well as oversaw business development. Under his direction, the division achieved considerable growth in sales and profitability.
DiLorenzo joined Raytheon in 1989 from Microwave Semiconductor Corp., where he was vice president, research and development. Prior to that, he spent 17 years at AT&T's Bell Laboratories, concluding his tenure there as department head of special materials and devices.
Commented Lombard: "I am very pleased to welcome Jim as our new president and look forward to working with him as we continue our progress in re-building Signal Technology. Jim's considerable experience in the defense electronics industry and with the conversion of defense electronics to commercial applications will be invaluable to our efforts to further strengthen and re-shape the corporation.
"He will focus his primary attention on both technology and program development while becoming closely familiar with our various operations," Lombard added.
"I have been impressed by the efforts of Signal Technology's new management team to resolve many difficult operational issues," said DiLorenzo. "They have done a commendable job, and I look forward to becoming part of the new Signal Technology team. I believe that my experience at Raytheon will enable me to help guide the company towards a stronger presence in both defense and commercial markets." |
