Mercury Computer Systems Elects Two New Directors; Experts in Defense and Business Development Strengthen Board of Directors.
CHELMSFORD, Mass.--(BUSINESS WIRE)--June 18, 2003
Mercury Computer Systems, Inc. (NASDAQ: MRCY) announced today that its board of directors has elected Dr. Richard P. Wishner and Mr. Lee C. Steele to the board. Dr. Wishner is a senior consultant to private industry and government specializing in technology and business development, and management. Mr. Steele is a partner with Tatum CFO Partners LLP in its Boston office and has over 25 years of financial experience. With the addition of Dr. Wishner and Mr. Steele, Mercury Computer Systems' board now has nine members.
"We are delighted to welcome Dick and Lee to our board of directors," said Jay Bertelli, chairman, president and chief executive officer of Mercury Computer Systems. "Dick has extensive experience in the development of defense electronics for advanced intelligence, surveillance and reconnaissance applications. His insight and perspective will be invaluable to the Company as it continues to expand its defense electronics business.
"Lee's background in business development and finance will be a great complement to our board as the Company pursues additional revenue growth and improved operational effectiveness. We are fortunate to have executives of Lee's and Dick's stature join the Mercury board of directors," said Mr. Bertelli.
Dr. Wishner has been associated both directly and as a consultant with the Defense Advanced Research Projects Agency (DARPA) for a number of years, serving as director of its Information Exploitation Office from November 2001 until November 2002, and as assistant director of its Information Systems Office between 1994 and 1997. Between May 1997 and August 2001 he served as a member of the Senate Select Committee on Intelligence Technical Advisory Group, as a consultant to the Defense Science Board, and as a consultant to the director of DARPA. Prior to joining DARPA in 1994, Dr. Wishner served briefly in the Office of the Secretary of Defense where he was Assistant Deputy Undersecretary of Defense (Advanced Technology) for Special Projects.
Dr. Wishner served as president and chairman of the board, Advanced Decision Systems from 1979 until the company was acquired by Booz Allen in 1991, and subsequently as a vice president and partner of Booz Allen until June 1993. Dr. Wishner served as senior vice president of Systems Control Inc., from 1969 to 1979, where he was involved in a variety of roles including management and development of the DARPA Research Center. From 1960 to 1969, Dr. Wishner was a member of the staff and assistant group leader of MIT Lincoln Laboratory. Dr. Wishner holds B.S., M.S. and Ph.D. degrees, all in Electrical Engineering, from the University of Illinois.
Mr. Steele, currently a partner with Tatum CFO Partners LLP in its Boston office, has served as a CFO for both public and private companies. He has also served as a consulting partner with Deloitte & Touche working with middle market and large companies, and as a financial advisor to developing, technically-oriented firms. Most recently, Mr. Steele has served as venture advisor and interim CFO to several high-technology and life sciences companies. Previously, Mr. Steele served as senior vice president, CFO, and treasurer of ARIAD Pharmaceuticals Inc., a NASDAQ-listed, development stage biopharmaceuticals firm. Prior to joining ARIAD, Mr. Steele served as vice president, CFO, and treasurer of American Science & Engineering Inc., an AMEX-listed manufacturer of high-technology security systems and medical devices.
Earlier in his career Mr. Steele was a principal in Asset Management Company, a consulting and financial advisory firm serving small businesses. Previously he was a financial consulting partner for Deloitte & Touche specializing in corporate finance, strategic and profit planning, financial systems design, M&A, and troubled-company situations. Mr. Steele holds a B.S. degree in Engineering from Case Western Reserve University and an M.B.A. from Harvard Business School.
In addition to Dr. Wishner and Mr. Steele, Mercury's board of directors is comprised of the following individuals: Gordon B. Baty, partner of Zero Stage Capital; Albert P. Belle Isle, independent investor in technology-based companies; James R. Bertelli, chairman, president and chief executive officer, Mercury Computer Systems Inc.; James A. Dwyer, president, Wireless One Networks; Sherman N. Mullin, retired president, Lockheed Advanced Development Company; Russell K. Johnsen, president, Delumina Inc.; and Richard P. Wallace, executive vice president, KLA-Tencor.
About Mercury Computer Systems, Inc.
Mercury Computer Systems, Inc. (NASDAQ: MRCY) is the leading producer of high-performance embedded, real-time digital signal and image processing computer systems. Mercury's products play a critical role in a wide range of applications, transforming sensor data to information for analysis and interpretation. In military reconnaissance and surveillance platforms the company's systems process real-time radar, sonar, and signals intelligence data. Mercury's systems are also used in state-of-the-art medical diagnostic imaging devices including MRI, CT, PET, and digital X-ray, and in semiconductor imaging applications including photomask generation and wafer inspection.
Based in Chelmsford, Massachusetts, Mercury serves customers in North America, Europe and Asia through its direct sales force and a network of subsidiaries and distributors.
Visit Mercury on the Web: www.mc.com
Product and company names mentioned may be trademarks and/or registered trademarks of their respective holders.
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|Date:||Jun 18, 2003|
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