Changes to Comdial Corporation's Board of Directors; Three Industry Leaders Welcomed to New Positions on Comdial's Board.Business Editors/Technology Writers SARASOTA, Fla.--(BUSINESS WIRE)--March 8, 2002 Comdial Corporation (Nasdaq:CMDL CMDL Climate Monitoring and Diagnostics Laboratory CMDL Common Mission Data Loader ), a leading enterprise telecommunications provider, today announced changes to its board of directors. Robert P. Collins has been named Comdial's chairman of the board, replacing Dianne Walker Dianne Walker is a world famous tap dancer known as "Lady Di." She began her dance training in Boston with Mildred Kennedy-Bradic and later studied with Leon Collins, Jimmy "Sir Slyde" Mitchell and Jimmy Slyde. who has resigned from the board. Nick Branica has been named vice chairman and Stewart Sutcliffe has been elected to Comdial's board of directors. These changes were effective February 15, 2002. Robert P. Collins has contributed his extensive business expertise to Comdial's board for several years. As the new chairman, he will further contribute to the revitalization of the Company and provide guidance to the Company's strategies for improved penetration of the traditional telecommunications and converging data communications data communications, application of telecommunications technology to the problem of transmitting data, especially to, from, or between computers. In popular usage, it is said that data communications make it possible for one computer to "talk" with another. markets. Mr. Collins worked for General Electric for 38 years, 13 of those years as a vice president. He started in GE's Aerospace business and later led GE's Factory Automation business in the Industrial Systems division. He was founder, president, and chief executive officer of the joint venture GEFanuc Automation from 1987 to his retirement in 1998. Until May 2001, Mr. Collins served as chairman of the board of Scott Technologies, the world's leading manufacturer of airborne oxygen systems and firefighting air breathing systems. He has served on the board for several other domestic and international organizations. Currently as chief executive officer of Capstone Partners Inc., he does consulting for companies requiring expertise in international business development and operational efficiency improvement. He also is a director of CSE (Certified Systems Engineer) See Microsoft certification. Systems and Engineering Ltd., WI Industries of Houston, and chairman of the advisory board of DataSweep Corporation. Nick Branica, who was appointed president and chief executive officer of Comdial Corporation in October of 2000, has now been elected to vice chairman. Stewart Sutcliffe, FCA FCA Abbreviation for the Free Carrier , Comdial's newest Board member, brings a background of financial and business management experience to the Board. Mr. Sutcliffe joined Ernst & Young upon graduation from McGill University McGill University, at Montreal, Que., Canada; coeducational; chartered 1821, opened 1829. It was named for James McGill, who left a bequest to establish it. Its real development dates from 1855 when John W. Dawson became principal. and became a partner of Ernst & Young in Canada in 1968. He served his clients in various industries, including telecommunications, in providing accounting, audit, and general business advisory services advisory services advisory services provided to the public, in their capacity as owners and managers of animals, are an important part of veterinary science. They may be provided by government bureaux, by commercial companies who deal in pharmaceuticals or animals or animal , while managing several business units of the firm. From 1991 through 1997, when he retired from Ernst & Young, he was the firm's chief financial officer and a member of senior management. In 1998, Mr. Sutcliffe established S3 Management Services Inc, a consultancy focused on business and strategic planning Strategic planning is an organization's process of defining its strategy, or direction, and making decisions on allocating its resources to pursue this strategy, including its capital and people. , restructuring, and financial management. He has helped companies by directing organizational change to achieve improved bottom-line results. "With Robert Collins as Comdial's new chairman, I am certain we will continue to make great progress towards our business objectives," said Nick Branica. "Also, we're fortunate to have Stewart Sutcliffe join the board. His value-add in the areas of corporate finance and strategy will help to round out our board. The board and management are grateful for Ms. Walker's many years of service and wish her continued success." About Comdial Comdial Corporation, headquartered in Sarasota, Florida Sarasota is a city located in Sarasota County on the central west coast of Florida, USA. Its official limits include Sarasota Bay and several barrier islands between the bay and the Gulf of Mexico. , develops and markets sophisticated communications solutions for small to mid-sized offices, government, and other organizations. Comdial offers a broad range of solutions to enhance the productivity of businesses, including voice switching systems, voice over IP (VoIP), voice processing and computer telephony integration Computer Telephony Integration - Computer Telephone Integration solutions. For more information about Comdial and its communications solutions, please visit our web site at http://www.comdial.com. Forward-Looking Statements This press release contains statements that may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Investors and prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, including Comdial Corporation's ability to maintain its listing with Nasdaq, its ability to maintain market share in a very competitive industry, finalization of restructuring program and compliance therewith there·with adv. 1. With that, this, or it. 2. In addition to that. 3. Archaic Immediately thereafter. Adv. 1. , success of restructuring program, ability to increase sales, future performance, success of R&D program, ability to successfully raise investment capital at acceptable terms, general economic uncertainty prevailing in the economy as a whole, and the various other factors set forth from time to time in Comdial's previous filings with the SEC, including Comdial's most recent Form 10-Q Form 10-Q See 10-Q. . Comdial Corporation undertakes no obligation to publicly update or revise the forward-looking statements made in this press release to reflect events or circumstances after the date of this press release or to reflect the occurrence of unanticipated events - end - |
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