Daktronics Organizes Business to Better Serve its Customers and Shareholders.BROOKINGS, S.D. -- Daktronics (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 :DAKT) today announced the realignment re·a·lign tr.v. re·a·ligned, re·a·lign·ing, re·a·ligns 1. To put back into proper order or alignment. 2. To make new groupings of or working arrangements between. of the company into five business units to better serve its growing customer base and to improve efficiency and financial performance. The changes took effect at the start of fiscal year 2008. The five business units are Commercial, Small Sports Venues, Live Events, Transportation and International. "We've discussed our overall business in the past in terms of three main markets including sports, commercial and transportation," said Jim Morgan, 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. of Daktronics. "We are evolving now into focused business units to align our resources more closely to our markets. This improved organizational structure To comply with Wikipedia's lead section guidelines, one should be written. will provide greater flexibility and accountability within the major parts of our business. Each group is headed by a Vice President with a proven track record in the company, who will be responsible for the performance of the unit. Over the years we've developed the industry-leading skills and resources needed to serve our markets, including product development, project engineering, manufacturing, and customer service. These areas were previously separate departments informally connected to the markets. The business unit alignment allows us to leverage the numerous operational improvements and investments we have made in these areas over the past two years to better serve our customers while driving improved operating margins Operating Margin A ratio used to measure a company's pricing strategy and operating efficiency. Calculated by: . We have been working toward this structure over the past year and we expect the transition to be relatively seamless." The Commercial and Transportation business units will be headed by Brad Wiemann. Wiemann holds a masters degree in electrical and computer engineering from the University of Iowa Not to be confused with Iowa State University. The first faculty offered instruction at the University in March 1855 to students in the Old Mechanics Building, situated where Seashore Hall is now. In September 1855, the student body numbered 124, of which, 41 were women. and a Bachelor of Science Noun 1. Bachelor of Science - a bachelor's degree in science BS, SB bachelor's degree, baccalaureate - an academic degree conferred on someone who has successfully completed undergraduate studies degree 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. . He began work at Daktronics in 1993 after spending a number of years with Rockwell International Rockwell International was the ultimate incarnation of a series of companies under the sphere of influence of Willard Rockwell, who had made his fortune after the invention and successful launch of a new bearing system for truck axles in 1919. where he was involved in flight control systems. Since late 2004, Wiemann has managed all the marketing, sales and engineering within these two areas. The Commercial group will continue to focus on commercial applications of its products and services, including the billboard industry, national accounts, gaming, spectaculars, and supporting and expanding its network of resellers for retail applications. The focus of the transportation business unit is serving state departments of transportation, airports and airlines, parking facilities, and other agencies and organizations in the transportation industry. The Small Sports Venue Business unit is led by Dan Bierschbach. Bierschbach earned his bachelor's degree in electrical engineering from South Dakota State University and has been employed by Daktronics since 1984. The Small Sports Venue Business unit is focused on elementary, junior high and high schools, small colleges, and park and recreation departments. Previously Bierschbach managed our customer service operations, sports products engineering and our recently acquired sports sound and hoist hoist: see winch. businesses. The Live Events business unit is headed by Reece Kurtenbach. Kurtenbach earned his bachelor's degree in electrical engineering from South Dakota State University and began his employment at Daktronics in 1991. This business unit provides sophisticated display systems for professional sports The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. teams and facilities, colleges and universities, motor sports venues, pari-mutuel racing venues, and rental and staging companies. Mr. Kurtenbach will also head up the International business unit which encompasses sales and service for all international opportunities, excluding Canada which the company treats as part of its domestic business for operational purposes. The company has also named Seth Hansen as its Vice President of Information Systems and Technology. Hansen, formerly the Vice President of Sports Systems, graduated from South Dakota State University with a bachelors and a masters degree in electrical engineering. Previously Mr. Hansen was responsible for all international business and the sports applications group which managed installations of sophisticated sports systems. He also has played a key role in growing and developing our success in Olympic Games Olympic games, premier athletic meeting of ancient Greece, and, in modern times, series of international sports contests. The Olympics of Ancient Greece Although records cannot verify games earlier than 776 B.C. , and personally managed a number of our Olympic Games projects. He takes over this area from Carla Gatzke, who previously was responsible for both IT and human resources The fancy word for "people." The human resources department within an organization, years ago known as the "personnel department," manages the administrative aspects of the employees. , and will continue on as Vice President of Human Resources. Morgan concluded, "We believe that we have one of the strongest leadership teams in the industry, lead by creative and opportunistic individuals who can lead the business into the future. This is an important evolutionary step in the company's growth both for our customers and our shareholders." About Daktronics Daktronics has strong leadership positions in, and is one of the world's largest suppliers of, electronic scoreboards, computer-programmable displays, digital billboards, large screen video displays and control systems. The company excels in the control of large display systems, including those that require integration of multiple complex displays showing real-time information, graphics, animation and video. Daktronics designs, manufactures, markets and services display systems for customers around the world, in sport, business and transportation applications. For more information, visit the company's World Wide Web site at: http://www.daktronics.com, e-mail the company at sales@daktronics.com, call (605) 697-4300 or toll-free (800) 325-8766 in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. or write to the company at 331 32nd Ave. PO Box 5128 Brookings, S.D. 57006-5128. Cautionary Notice: In addition to statements of historical fact, this news release contains forward looking statements 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 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. 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. |
|
||||||||||||||

Printer friendly
Cite/link
Email
Feedback
Reader Opinion