To: pat mudge who wrote (29659 ) 12/4/1997 6:36:00 PM From: Skiawal Read Replies (2) | Respond to of 31386
WSTL...AURORA, Ill., Dec. 4 /PRNewswire/ -- Westell Technologies, Inc. (Nasdaq: WSTL) announced today that its Chairman of the Board and Chief Executive Officer, Gary F. Seamans, is taking a temporary medical leave of absence. The length of the absence will depend upon the success of his medical treatment but will probably be on the order of three months. In Gary's absence, Robert H. Gaynor, Westell's Vice Chairman of the Board of Directors and Chairman of the Executive Committee, will be acting Chairman and CEO. Mr. Gaynor has been a member of the Board of Directors since 1990, has served as Vice Chairman since 1991 and as Chairman of the Executive Committee since 1995. He has extensive experience at the executive level in the telecommunications field, having served as an officer in numerous operations and administrative capacities over a 44 year career at AT&T. As an interim measure, Westell has established an Office of the Chairman, which includes Mr. Gaynor, together with Rob Faw, CEO of Westell, Inc. and J. Nelson, President of Westell, Inc. Mr. Gaynor commented, "While Gary Seamans' energy and leadership will be sorely missed during this brief period, Westell is fortunate to have in place a strong, experienced executive team, headed by Rob Faw, J. Nelson and Stephen Hawrysz, Chief Financial Officer. Together with the guidance of our board members and the diligence of other Westell departmental leaders, we anticipate complete continuity in Westell's ongoing business. Westell's leadership team will remain focused on our major customers and global alliances as well as research and development and business development initiatives with our key technology partners. While we look forward to having Gary resume his responsibilities at an early date, the depth and competence of Westell's management will be evident as we maintain our leadership position in the rapidly emerging Digital Subscriber Line marketplace and enhance an already strong competitive position in our expanding line of telecommunications access products."