Joseph P. O’Connell Shifts to Business Development Role;
Financial
Industry Veteran John P. Jordan named as Interim CFO
WEST WARWICK, R.I.--(BUSINESS WIRE)--
AstroNova, Inc. (NASDAQ: ALOT), a global leader in data visualization
technologies, today announced that Joseph P. O’Connell, the Company’s
Senior Vice President, Treasurer and Chief Financial Officer, will
assume the role of Vice President Business Development effective August 1st,
2016. John P. Jordan, formerly Vice President, CFO and Treasurer of Zygo
Corporation, has been named as AstroNova’s interim CFO.
“Joe has done an outstanding job in managing the Finance, Accounting,
Treasury, Information Technology and Human Resources functions of the
Company during the past 20 years. Joe has been a key contributor to the
Company’s successful growth and profitability, and we are fortunate that
he will now provide leadership in the role of Vice President Business
Development,” said Gregory A. Woods, AstroNova’s President and Chief
Executive Officer. “We are pleased to welcome John Jordan, a seasoned
and extremely capable financial professional with over 40 years of
experience, to the helm in the CFO role.”
Commenting on the transition Mr. O’Connell stated, “After 20 years and
the recent success we’ve had in strategically repositioning the Company
for growth, this transition allows me to pursue additional personal
interests while maintaining an active role with AstroNova in strategic
areas of business development.”
During Mr. Jordan’s tenure at Zygo, from February 2011 to October 2014,
he was responsible for all aspects of finance and accounting, planning
and reporting, risk management, cash management and investor relations.
Prior to that he was Vice President, CFO and Treasurer of publicly held
Baldwin Technology Company, Inc. for four years. Mr. Jordan also held
senior finance roles at publicly held Paxar Corporation, Amscan and
Bodwell Fashion Group. He began his career in public accounting, is a
CPA and has a BS/BA in Accounting from the University of Florida.
About AstroNova
AstroNova, a global leader in data
visualization technologies, designs, manufactures, distributes and
services a broad range of products that acquire, store, analyze and
present data in multiple formats. The Product Identification segment
offers a variety of hardware and software products and associated
consumables that allow customers to mark, track, and enhance the
appearance of their products. Major brands include QuickLabel®, the
industry leader in onsite digital color label printing. The Test and
Measurement segment includes the T&M Product Group, which offers a suite
of products and services that acquire and record electronic signal data
from local and networked sensors. The Test and Measurement segment also
includes a line of Aerospace Products that are used in aircraft flight
decks to print flight plans, navigation information, ground
communications and airport diagrams and in aircraft cabins to print
maintenance data, receipts and passenger manifests. The Company is a
member of the Russell Microcap® Index and the LD Micro Index
(INDEXNYSEGIS: LDMICRO). Additional information is available by visiting www.astronovainc.com.
Forward-Looking Statements
Information included in this news
release may contain forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. Forward-looking
statements are not statements of historical fact, but rather reflect our
current expectations concerning future events and results. These
statements may include the use of the words “believes,” “expects,”
“intends,” “plans,” “anticipates,” “likely,” “continues,” “may,” “will,”
and similar expressions to identify forward-looking statements. Such
forward-looking statements, including those concerning growth through
acquisitions, involve risks, uncertainties and other factors, some of
which are beyond our control, which may cause our actual results,
performance or achievements to be materially different from those
expressed or implied by such forward-looking statements. These risks,
uncertainties, and factors include, but are not limited to, those
factors set forth in the Company’s Annual Report on Form 10-K for the
fiscal year ended January 31, 2016 and subsequent filings AstroNova
makes with the Securities and Exchange Commission. The Company
undertakes no obligation to publicly update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise. The reader is cautioned not to unduly rely
on such forward-looking statements when evaluating the information
presented in this news release.
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Source: AstroNova, Inc.