Westell Technologies, Inc. (WSTL) Appoints New CEO

September 27, 2016 9:01 AM EDT
Get Alerts WSTL Hot Sheet
Trade WSTL Now!
Join SI Premium – FREE

Get inside Wall Street with StreetInsider Premium. Claim your 2-week free trial here.

Westell Technologies, Inc. (NASDAQ: WSTL) announced that its Board of Directors has appointed Kirk R. Brannock as Interim President and Chief Executive Officer. The Company also announced that Dennis O. Harris, a Director of the Company since January 2010, has been appointed interim Chairman of the Board.

Mr. Harris and Thomas P. Minichiello, Westell’s Senior Vice President, Chief Financial Officer, Treasurer and Secretary, will help execute interim executive leadership duties until Mr. Brannock joins the Company on October 17, 2016. Mr. Brannock succeeds J. Thomas Gruenwald, whose last day with the Company was September 26, 2016. The Board plans to initiate a search for a permanent CEO, likely retaining an executive search firm, with such search expected to be completed within the next six months.

Mr. Brannock, age 58, served as a member of Westell’s Board of Directors from February 2011 to September 2014. He retired in 2010 from his position as Senior Vice President — Ethernet Deployment at AT&T, a leading provider of voice, video, data and broadband delivery services, after a career spanning more than 30 years. Previously Mr. Brannock served in leadership positions at AT&T, Ameritech and SBC, including Senior Vice President — AT&T National Installation & Maintenance and President — SBC/Ameritech Midwest Network Services.

“Westell’s Board of Directors is pleased that Kirk has accepted the role of interim Chief Executive Officer and President,” said Mr. Harris. “His leadership qualities and industry experience make him an excellent choice to continue the momentum we’ve achieved in executing our cost reduction plan, which is succeeding in positioning the Company to more quickly return to profitability and generate stockholder value.”

Over the course of his career, Mr. Brannock has demonstrated excellence in business office operations, human resources, central office operations, installation, maintenance, construction, engineering, labor relations and systems planning. He was actively involved on the boards of two not-for-profit organizations, DayOneNetwork and the Chicago Area Council of the Boy Scouts of America.

“I look forward to providing guidance to Westell’s leadership team and employees as they build upon the company’s position as a trusted provider of telecommunications equipment,” said Mr. Brannock. “The Company is executing a well-conceived plan to reduce its operating cost structure, and I look forward to directing the plan’s continued implementation as well as focusing on the company’s sales and product development initiatives.”

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In

Related Categories

Management Changes, Management Comments

Related Entities

Definitive Agreement

Add Your Comment