
For Immediate Release - July 17, 1997
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REDWOOD CITY, CALIFORNIA - CALIFORNIA MICROWAVE, INC. (Nasdaq National Market:CMIC) announced today that its board of directors had appointed Frederick D. Lawrence, 49, to the positions of chairman of the board, chief executive officer and president.
Telecommunications Experience at ComStream, ADC, Sprint and AT&T General Al Gray, who held the position of chairman during the search for a new chairman and chief executive officer, said, "With Fred's operating experience and strategic thinking, we will move forward with alacrity. The CEO search has been a top priority for the board and we have found a strong leader in Fred Lawrence." General Gray, who joined the board in 1993 and was appointed chairman in March 1997, remains a member of the board. Lawrence indicated that California Microwave's leadership position in microwave technology and potential for enhanced profitability were key elements that attracted him to the company: "California Microwave's decision to focus on its winners in order to improve performance is the right direction for the company. As a former competitor, I am well aware of the formidable strengths that California Microwave brings to the marketplace. We will leverage those strengths and make performance our top priority, with resumption of long-term growth a close second."
Focus on Wireless Radio-based Data Communications California Microwave, Inc. is a leading U.S. supplier of satellite earth station and microwave radio products, installed in more than 110 countries. For more information, contact: |
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Stephanie M. Day Vice President Corporate Communications (415) 596-6629 |
Investor Information Line: (Toll-free) 1-888-225-6789 http://www.calmike.com. |
Deborah Passik William Dunk Partners, Inc. (919) 929-4100 |
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