UniTek Global Services Expands Board With Three Distinguished Appointments
BLUE BELL, Pa., Dec. 13, 2010 (GLOBE NEWSWIRE) -- UniTek Global Services (UniTek or "The Company") (Nasdaq:UNTK), a premier provider of permanently outsourced infrastructure services to the wireless and wireline telecommunications, broadband cable and satellite television industries, today announced the appointments of three new and distinguished independent directors to its Board, effective December 10, 2010. With the additions of Messrs. Michael F. O'Donnell, Michael Montelongo and Robert F. Stott, UniTek has expanded its Board of Directors to 11 members. The Company now has six independent directors, giving the Board of Directors an independent majority.
"We are excited that these outstanding professionals have joined our Board as they bring remarkable backgrounds of strategic leadership, operational acumen and financial expertise," stated Mr. Peter Giacalone, Chairman of UniTek Global Services. "We expect that Michael O'Donnell's extensive financial and audit committee experience will provide invaluable insight to our audit procedures and financial analyses. In addition to his venerable military career, Michael Montelongo brings a unique strategic vision and versatile leadership approach. Bob Stott's telecommunications industry experience will enable him to bring highly beneficial counsel to our organization. We welcome these gentlemen to UniTek's leadership team and look forward to their contributions as we execute on our growth objectives and work to create additional shareholder value."
Mr. O'Donnell, CPA, 64, is a financial expert with close to 40 years of experience in the audit and consulting industries. He has dealt extensively with multinational corporate boards and senior management teams on key strategic issues, external auditors and consultants. Most recently Mr. O'Donnell served as a Founding Managing Director of Protiviti, Inc., a global business consulting and internal audit firm specializing in risk, advisory and transaction services. He was jointly responsible for the development and implementation of the company's overall strategic plan and, during his tenure, revenues grew from $17 million to over $600 million annually. Previously, Mr. O'Donnell spent 33 years at Arthur Andersen LLP, occupying numerous senior level positions in risk consulting, audit services and the energy industry program. Mr. O'Donnell received a B.S. in Accounting from Central Michigan University, where he was also recognized as an Honorary Doctor of Commerce.
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