Andrew Lietz, CEO Hadco, and Larry Mihalchik, CEO ICOMS, Elected to Clare Board of Directors.Business/Technology Editors BOSTON--(BUSINESS WIRE)--April 26, 2000 Lietz and Mihalchik Bring Experience That Positions Clare for Future Growth Clare (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :CPCL CPCL Chennai Petroleum Corporation Limited CPCL Computer Program Change Library CPCL Computer Program Control Library CPCL Component Prioritized Collection List ), (www.clare.com), a global supplier of high-voltage, mixed signal semiconductors for communications applications, today announced the elections of Andrew (Andy) Lietz and Larry Mihalchik to its Board of Directors. "Both Andy and Larry bring invaluable skills and strengths to the Board," said Clare President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Arthur R. Buckland. "Andy has grown and built a highly successful billion-dollar manufacturing company and has an understanding of our industry and how to take us to the next level through savvy marketing, smart growth management, mergers and acquisitions and clear vision as he has done for Hadco (NYSE NYSE See: New York Stock Exchange :HDC (Hard Disk Controller) See disk controller. HDC - Disk Controller ), (www.hadco.com)." Lietz brings a solid track record of proven leadership and edication to success. Currently, he serves as the CEO of Hadco Corporation, a highly successful billion-dollar manufacturer of printed circuits and electronic interconnection devices. In his 15 years with the company, he has held the positions of Vice President and Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. and Vice President of Sales and Marketing. Prior to joining Hadco, Mr. Lietz served in a variety of management positions at IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) . Currently, he sits on the Board of Directors of Hadco, the Business and Industry Association and Energy North. Also, he is a member of the University of New Hampshire's Whittemore School of Business Advisory Board and the Executive Committee of the New Hampshire New Hampshire, one of the New England states of the NE United States. It is bordered by Massachusetts (S), Vermont, with the Connecticut R. forming the boundary (W), the Canadian province of Quebec (NW), and Maine and a short strip of the Atlantic Ocean (E). Industrial Research Center, where he focuses on technology development. Andy is widely regarded as one of the top electronics business leaders in New England. "Larry Mihalchik brings not only an impressive financial acumen and in-depth understanding of the semiconductor industry, but he also can assist in our growth in the world of e-commerce," added Buckland. Mihalchik, who currently serves as the CEO of ICOMS ICOMS Integrated Communications Operations Management system ICOMS Improved Conventional Mine System , Inc. (Internet Commerce Services Corporation) (www.icoms.com), the leading provider of e-commerce services, was elected to Clare's Board of Directors in July 1999. Before joining ICOMS, Mihalchik was the President, CEO and Chairman of Atex Media Solutions and the Senior Vice President and CFO See Chief Financial Officer. of M/A-COM, Inc. He also served as Executive Vice President and member of the Board of Directors of The Timberland Company and Chomerics, Inc., where he guided the companies' successful initial public offerings of stock. "I am pleased to join the board of a company that is at the forefront of the communications industry," said Mihalchik. "Clare has a history of leadership and innovation and I look forward to being a part of its continued commitment to excellence." ATTENTION EDITORS: Photos can be found by accessing this press release on the Clare Web site at www.clare.com/about/press/press45.htm and are also available upon request. About Clare Clare is a leader in the design and manufacture of high-voltage mixed-signal integrated circuits with a revolutionary manufacturing technology. The Company's products enable communications by providing the critical interface between high-voltage electrical signals and the low-voltage electronics that process those signals. Leading manufacturers of data communications, telecommunications, and industrial equipment around the world rely on Clare for semiconductors and specialized electronic components. Clare trades on the NASDAQ exchange under the symbol CPCL. Additional information about Clare can be found at www.clare.com. CP Clare Corporation d/b/a Clare. |
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