PCTEL, Inc. (NASDAQ: PCTI), a leader in simplifying wireless and site
solutions for private and public networks, announced today that the
PCTEL Board of Directors appointed Cindy Andreotti to its Board.
PCTEL, Inc. (NASDAQ: PCTI), a leader in simplifying wireless and site solutions for private and public networks, announced today that the PCTEL Board of Directors appointed Cindy Andreotti to its Board. Andreotti’s appointment follows the election of Carolyn Dolezal to PCTEL’s Board of Directors during the second quarter. Andreotti is a 26-year telecommunications industry veteran and President and CEO of The Andreotti Group, a strategic business advisory firm. Prior to launching The Andreotti Group, she was responsible for sales, service, and bottom-line performance at both AT&T and MCI where she built a strong track record in managing large enterprise, government, and global customers. At MCI she was President, Enterprise Markets which serviced over 280 Fortune 500 customers. She also implemented the MCI Solutions business (managed services) and helped build a $2 billion revenue stream in the business’s first year. Before joining MCI in 1990, Ms. Andreotti managed national accounts at AT&T, notably Dayton Hudson (currently Target). She delivered the first touch-sensitive PDAs with related back office systems and network into Dayton's retail operation. "PCTEL will achieve over $100 million in revenue this year. Cindy will help us achieve the next $100 million, bringing current industry knowledge and business development experience to the Board," said Marty Singer, PCTEL's Chairman and CEO. "PCTEL's Board and management team is delighted to have Cindy representing our shareholders and providing valuable insight into our growth plans," added Singer. "It is exciting to have an opportunity to contribute to PCTEL's growth and to support Marty and his team," said Andreotti. "I look forward to working with the board and management as PCTEL builds upon its momentum," added Andreotti. Ms. Andreotti joins the board in anticipation of John Sheehan's planned retirement at the end of 2013. For the next three months, there will be eight directors. Andreotti will serve on both the Compensation Committee and the Nominating and Corporate Governance Committee. Andreotti has served on boards of public companies such as APAC Customer Services, Inc. and private companies such as Rivermine Software Inc., with strong experience in compensation, audit, and governance. Andreotti earned a Bachelor of Arts degree from the College of St. Catherine in St. Paul, Minnesota, where she studied Business Administration and Women in Management. She has also attended executive management training at the Aspen Institute, Menninger Foundation, and the Stanford School of Business Executive Leadership Program.
Looking at the universe of stocks we cover at Dividend Channel, on 2/4/15, PC-Tel Inc will trade ex-dividend, for its quarterly dividend of $0.05, payable on 2/13/15. As a percentage of PCTI's recent stock price of $8.35, this dividend works out to approximately 0.60%, so look for shares of PC-Tel Inc to trade 0.60% lower — all else being equal — when PCTI shares open for trading on 2/4/15.