Sparton (SPA) Appoints Jake Rost as VP, Business Development; Mike Osborne to SVP, Corp. Development
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Sparton (NYSE: SPA) announces management appointments to further accelerate the implementation of its strategic growth plan. As stated in the strategic plan, Sparton will continue to provide complex electronic and electromechanical devices and related services through niche opportunities in the Military and Aerospace, Medical, and Industrial markets. Much of Sparton’s growth will be driven by the acquisition of complementary businesses. This organizational change builds on the implementation of a national business development organization which has resulted in significant organic growth in the last fiscal year. Additionally, Sparton will continue to invest in the ongoing development of its proprietary product lines.
Effective immediately, Jake Rost assumes an expanded role as Vice President, Business Development. In this role, Rost will be directly responsible for business development and marketing efforts across the company. He will ensure that best practices are being leveraged while working to strengthen our brand image in the markets we serve.
Sparton’s revenue for its Medical segment increased by 18% in the first 3 quarters of fiscal 2012 as compared to the same period in the prior fiscal year and is net of the effect of certain medical program attrition that was previously announced.
Further, Mike Osborne assumes the role of Senior Vice President, Corporate Development with Jake Rost reporting to him. Osborne will continue to work with Company leaders on implementing Sparton’s strategic growth plan, acquiring compatible and complementary businesses, and overseeing the Business Development and Investor Relations functions.
teve Korwin, Senior Vice President, Quality, Engineering, and IT, will continue to oversee the internal product research and development process. In 2011, Sparton launched a technologically advanced, proprietary line of navigation and exploration products: the DC-4, an enhanced digital compass used by manned and unmanned land navigation systems in static environments; the GEDC-6, a gyro-enhanced attitude heading reference system used in dynamic unmanned land and sea navigation systems; and, the PHOD-1, a small, rugged, omnidirectional, broadband hydrophone for underwater applications. At the AUVSI’s Unmanned Systems North America exhibition from August 6-9 in Las Vegas, NV, Sparton will release the AHRS-8, an attitude heading reference system with temperature compensation used in unmanned aerial vehicles.
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Effective immediately, Jake Rost assumes an expanded role as Vice President, Business Development. In this role, Rost will be directly responsible for business development and marketing efforts across the company. He will ensure that best practices are being leveraged while working to strengthen our brand image in the markets we serve.
Sparton’s revenue for its Medical segment increased by 18% in the first 3 quarters of fiscal 2012 as compared to the same period in the prior fiscal year and is net of the effect of certain medical program attrition that was previously announced.
Further, Mike Osborne assumes the role of Senior Vice President, Corporate Development with Jake Rost reporting to him. Osborne will continue to work with Company leaders on implementing Sparton’s strategic growth plan, acquiring compatible and complementary businesses, and overseeing the Business Development and Investor Relations functions.
teve Korwin, Senior Vice President, Quality, Engineering, and IT, will continue to oversee the internal product research and development process. In 2011, Sparton launched a technologically advanced, proprietary line of navigation and exploration products: the DC-4, an enhanced digital compass used by manned and unmanned land navigation systems in static environments; the GEDC-6, a gyro-enhanced attitude heading reference system used in dynamic unmanned land and sea navigation systems; and, the PHOD-1, a small, rugged, omnidirectional, broadband hydrophone for underwater applications. At the AUVSI’s Unmanned Systems North America exhibition from August 6-9 in Las Vegas, NV, Sparton will release the AHRS-8, an attitude heading reference system with temperature compensation used in unmanned aerial vehicles.
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