Daktronics Announces James Morgan Promoted to Chief Executive Officer; Dr. Aelred Kurtenbach to Remain Chairman of the Board.Business Editors BROOKINGS, S.D.--(BUSINESS WIRE)--Aug. 17, 2001 Daktronics, Inc. (Nasdaq:DAKT), a worldwide leader in the design and manufacture of large screen video displays, scoreboards and computer-programmable display systems, announced today that its board of directors has appointed James Morgan James Morgan may refer to:
Morgan joined Daktronics as a graduate student intern intern /in·tern/ (in´tern) a medical graduate serving in a hospital preparatory to being licensed to practice medicine. in·tern or in·terne n. in 1969, and was promoted to vice president of engineering in 1976. Morgan was elected to Daktronics' board of directors in August 1984. In 1996, Morgan was promoted to executive vice president. In 1999 he was promoted to 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. . "I have been fortunate to work with Jim Morgan for more than thirty years and have counted on his talent and leadership throughout those years," Kurtenbach said. "We have been preparing for this transition since the time Jim was promoted to president and chief operating officer two years ago. I am extremely confident in his abilities to keep Daktronics growing and prospering in this exciting time." Morgan earned bachelor's and master's degrees master's degree n. An academic degree conferred by a college or university upon those who complete at least one year of prescribed study beyond the bachelor's degree. Noun 1. in electrical engineering electrical engineering: see engineering. electrical engineering Branch of engineering concerned with the practical applications of electricity in all its forms, including those of electronics. from South Dakota State University South Dakota State University, at Brookings; land-grant support; coeducational; chartered 1883 as Dakota Agricultural College, opened 1884. In 1907 it became South Dakota State College of Agriculture and Mechanic Arts, and in 1964 its present name was adopted. in Brookings, S.D. He was responsible for the design of the first Daktronics scoreboard, the Matside(R) wrestling scoreboard, in 1971. Under his leadership, Daktronics' engineering department has evolved to be the strongest in the industry, currently supporting three major product development groups, in addition to project engineering and project management. In the past two years, Morgan has led the restructuring of the organization to accommodate the realized and anticipated growth. This restructuring includes the regionalization regionalization Managed care The subdivision of a broadly available service–eg, a blood bank, into quasi-autonomous regional centers, capable of making decisions and providing more cost-effective and/or faster service to hospitals and health care facilities, of Daktronics' sales force and the implementation of the "focused factory" concept in manufacturing. Morgan has also managed recent acquisitions of Servtrotech, Inc., SportsLink(TM) large screen video rental services, and Keyframe(TM) large screen video production services. Daktronics, Inc., a manufacturer and technical contractor, is one of the world's largest suppliers of large screen video boards, electronic scoreboards, and computer-programmable display systems. The company has strong leadership positions in electronic scoreboards; outdoor programmable display systems available in LED, incandescent in·can·des·cent adj. 1. Emitting visible light as a result of being heated. 2. Shining brilliantly; very bright. See Synonyms at bright. 3. and reflective technologies; and large screen video display and control. Daktronics has installed displays in more than 70 countries. For more information, visit the company's worldwide web site at http://www.daktronics.com, email the company at investor@daktronics.com, call toll-free 1-800-605-3258 in the U.S., or write to the company at 331 32nd Avenue, P.O. Box 5128, Brookings, S.D. 57006. Cautionary Notice: In addition to statements of historical fact, this news release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. reflecting the Company's expectations or beliefs concerning future events which could materially affect Company performance in the future. The Company cautions that these and similar statements involve risk and uncertainties including changes in economic and market conditions, management of growth, timing and magnitude of future contracts, and other risks noted in the Company's SEC filings which may cause actual results to differ materially. Forward-looking statements are made in the context of information available as of the date stated. The Company undertakes no obligation to update or revise such statements to reflect new circumstances or unanticipated events as they occur. |
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