Leading Executive Recruiting Firm Retained to Identify Permanent CFO
WEST WARWICK, R.I.--(BUSINESS WIRE)--
AstroNova (NASDAQ: ALOT), a global leader in data visualization
technologies, today announced that John P. Jordan, Vice President, Chief
Financial Officer and Treasurer, has notified the Company of his
intention to resign his position to pursue another professional
opportunity. Jordan has agreed to remain in his current position for a
transition period, which will include the filing of the Company’s 10-Q
for the second quarter of FY 2018, to end no later than September 1,
2017. Following Jordan’s departure, Joseph P. O’Connell, AstroNova’s
Vice President, Business Development and former Chief Financial Officer,
will assume the role of interim Chief Financial Officer and principal
accounting officer until Jordan’s permanent replacement is appointed.
The Company has retained a leading executive recruiting firm to
undertake a comprehensive search to identify candidates to succeed
Jordan on a permanent basis.
“On behalf of the entire company, I want to thank John for his work over
the past 12 months and wish him success going forward,” said AstroNova
President and Chief Executive Officer Greg Woods. “I am very pleased Joe
O’Connell has agreed to serve as interim CFO.”
About AstroNova
AstroNova, Inc. (NASDAQ: ALOT), 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 supplies that allow
customers to mark, track and enhance the appearance of their products.
The segment’s two business units are QuickLabel®, the industry leader in
tabletop digital color label printing and TrojanLabel™, a leader in the
light-production color label press and specialty printer markets. The
Test and Measurement segment includes the Test & Measurement business
unit, which offers a suite of products and services that acquire, record
and analyze electronic signal data from local and networked sensors. The
segment also includes the Aerospace business unit, which makes printers,
networking hardware and related accessories. These products are used in
the aircraft flight deck to print flight plans, navigation information
and performance data and in the aircraft cabin to print maintenance
data, receipts and passenger manifests. AstroNova 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 relating to the appointment of Joseph O’Connell as interim CFO,
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, 2017 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.