Key Tronic Corporation (Nasdaq:KTCC), a provider of electronic manufacturing services (EMS), today announced the selection of Patrick Sweeney as its new Chairman of the Board.
Patrick Sweeney has served as a Director of the Company since July 2000 and as Chairman of the Audit Committee since 2001. Prior to joining Key Tronic, he was President and CEO of Hadco Corporation and held other senior management positions at Hadco, Wang and Digital Equipment Corporation. Mr. Sweeney replaces Mr. Dale F. Pilz, who served as Chairman of the Board since 2000 and will serve as Director Emeritus until October 2013.
“At this exciting time in the company’s history, I am pleased and honored to be selected as Key Tronic’s new Chairman of the Board,” said Mr. Sweeney. “With our combination of world-class engineering, global logistics and world-class production capabilities, we’re optimistic about the opportunities for continued growth and increasing profitability over the long term. On behalf of the Board of Directors, I want to thank Dale for his many years of service to the company.”
About Key TronicKey Tronic is a leading contract manufacturer offering value-added design and manufacturing services from its facilities in the United States, Mexico and China. The Company provides its customers full engineering services, materials management, worldwide manufacturing facilities, assembly services, in-house testing, and worldwide distribution. Its customers include some of the world's leading original equipment manufacturers. For more information about Key Tronic visit: www.keytronic.com. Some of the statements in this press release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include all passages containing verbs such as ‘aims, anticipates, believes, estimates, expects, hopes, intends, plans, predicts, projects or targets’ or nouns corresponding to such verbs. Forward-looking statements also include other passages that are primarily relevant to expected future events or that can only be fully evaluated by events that will occur in the future. Forward-looking statements in this release include, without limitation, the Company’s statements regarding its expectations with respect to quarterly revenue and earnings during fiscal 2013. There are many factors, risks and uncertainties that could cause actual results to differ materially from those predicted or projected in forward-looking statements, including but not limited to the future of the global economic environment and its impact on our customers and suppliers, the availability of parts from the supply chain, the accuracy of customers’ forecasts; success of customers’ programs; timing of new programs; success of new-product introductions; acquisitions or divestitures of operations or facilities; technology advances; changes in pricing policies by the Company, its competitors, customers or suppliers; and the other risks and uncertainties detailed from time to time in the Company’s SEC filings.
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