Applied Innovation Inc. Elects Robert L. Smialek as President and Chief Executive Officer.Business Editors NOTE TO MEDIA: Photo is available in a Smart News Release(TM) on Business Wire's Home Page at www.businesswire.com DUBLIN, Ohio--(BUSINESS WIRE)--July 20, 2000 Applied Innovation Inc. (Nasdaq:AINN AINN Artificial Intelligence Neural Network ) today announced that Mr. Robert L. Smialek has been elected President and Chief Executive Officer, and a member of the Board of Directors, effective today. Mr. Gerard B. Moersdorf, Jr., the Company's current Chairman, President and Chief Executive Officer, as well as founder of AI, will remain Chairman of the Board of Directors. As 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. , Mr. Smialek will report to the Board of Directors, and will be responsible for the all of the Company's operations. Mr. Moersdorf will devote his attention primarily to corporate growth and strategic technology issues. Mr. Smialek, 56, has more than 25 years of management experience leading complex technology and industrial businesses. From 1993 to 1999, he was Chairman, President and Chief Executive Officer of Insilco Corporation, a $600 million diversified manufacturing company based in Columbus, Ohio. Insilco's major product lines are electronic components for the telecommunications industry, contract electronics manufacturing, and specialized components for the automotive and other industrial markets. Prior to joining Insilco, Mr. Smialek served as 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. of several divisions of Siebe, plc (now Invensys), a global leader in industrial controls and one of the largest publicly traded companies publicly traded company A company whose shares of common stock are held by the public and are available for purchase by investors. The shares of publicly traded firms are bought and sold on the organized exchanges or in the over-the-counter market. in the United Kingdom. Mr. Smialek also spent 18 years as an executive with General Electric, including several years as General Manager, Manufacturing and Technology Operations, for GE Medical Systems Group. Mr. Smialek serves on the Board of Directors of Coors Tek (Nasdaq:CRTK CRTK Community Right-To-Know ) and General Cable (NYSE NYSE See: New York Stock Exchange :BGC BGC General Cable Corporation (stock symbol) BGC Billy Graham Center BGC Baptist General Conference (formerly Swedish Baptist Denomination) BGC Boys & Girls Club BGC Bubblegum Crisis ). He holds a Ph.D., M.S. and B.S. in Metallurgy and Materials Science from Case Western Reserve University. Mr. Smialek and his wife, Anita, live in Dublin, Ohio. Mr. Moersdorf stated, "I am extremely pleased to have Bob Smialek join Applied Innovation. His successful track record of rapidly growing businesses and shareholder value will be a tremendous asset as we expand into new markets and continue to extend Applied Innovation's product lines. Bob's leadership and exceptional management skills will serve the Company well, allowing me to focus on corporate growth and technology issues rather than day-to-day operations." "I am very excited to be joining Gerry and the AI Team," said Smialek. "I believe AI has a great track record and an outstanding capability to create leadership products for one of today's fastest growing markets, telecommunications equipment. The industry deck is being re-shuffled. The intense merger activity, the rapid pace of technological change, the insatiable demand for connectivity and bandwidth all spell opportunity for Applied Innovation." Headquartered in Dublin, Ohio, Applied Innovation is the leading provider of mediation products that enable communications between network elements and operations support systems Operations Support Systems (also called Operational Support Systems or OSS) are computer systems used by telecommunications service providers. The term OSS most frequently describes "network systems" dealing with the telecom network itself, supporting processes such for the management of telecommunications carriers' networks. Information about Applied Innovation, its products and services can be found on the World Wide Web at www.aiinet.com, or by calling 800/247-9482. Note: A Photo is available at URL URL in full Uniform Resource Locator Address of a resource on the Internet. The resource can be any type of file stored on a server, such as a Web page, a text file, a graphics file, or an application program. : http://www.businesswire.com/cgi-bin/photo.cgi?pw.072000/bb1 |
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