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| 8-K - 8-K - UniTek Global Services, Inc. | v205473_8k.htm |
UniTek
Global Services Expands Board with Three Distinguished Appointments
BLUE BELL PA., December 13, 2010 –
UniTek Global Services (UniTek or “The Company”) (NASDAQ: UNTK), a
premier provider of permanently outsourced infrastructure services to the
wireless and wireline telecommunications, broadband cable and satellite
television industries, today announced the appointments of three new and
distinguished independent directors to its Board, effective December 10,
2010. With the additions of Messrs. Michael F. O’Donnell, Michael
Montelongo and Robert F. Stott, UniTek has expanded its Board of Directors to 11
members. The Company now has six independent directors, giving the Board of
Directors an independent majority.
“We are
excited that these outstanding professionals have joined our Board as they bring
remarkable backgrounds of strategic leadership, operational acumen and financial
expertise,” stated Mr. Peter Giacalone, Chairman of UniTek Global Services. “We
expect that Michael O’Donnell’s extensive financial and audit committee
experience will provide invaluable insight to our audit procedures and financial
analyses. In addition to his venerable military career, Michael Montelongo
brings a unique strategic vision and versatile leadership approach. Bob Stott’s
telecommunications industry experience will enable him to bring highly
beneficial counsel to our organization. We welcome these gentlemen to UniTek’s
leadership team and look forward to their contributions as we execute on our
growth objectives and work to create additional shareholder value.”
Mr.
O’Donnell, CPA, 64, is a financial expert with close to 40 years of experience
in the audit and consulting industries. He has dealt extensively with
multinational corporate boards and senior management teams on key strategic
issues, external auditors and consultants. Most recently Mr. O’Donnell served as
a Founding Managing Director of Protiviti, Inc., a global business consulting
and internal audit firm specializing in risk, advisory and transaction services.
He was jointly responsible for the development and implementation of the
company’s overall strategic plan and, during his tenure, revenues grew from $17
million to over $600 million annually. Previously, Mr. O’Donnell spent 33 years
at Arthur Andersen LLP, occupying numerous senior level positions in risk
consulting, audit services and the energy industry program. Mr. O’Donnell
received a B.S. in Accounting from Central Michigan University, where he was
also recognized as an Honorary Doctor of Commerce.
Mr.
Montelongo, 55, currently serves as Senior Vice President and Chief
Administrative Officer of Sodexo, Inc., an $8 billion quality of daily life
solutions enterprise, where he is responsible for driving increased growth,
brand awareness, cross-disciplinary synergies, and tighter enterprise alignment.
Previously, Mr. Montelongo served as the company’s Senior Vice President of
Strategic Marketing. In 2001, Mr. Montelongo was appointed by former President
George W. Bush and confirmed by the U.S. Senate as Assistant Secretary of the
Air Force. He is a member of the Council on Foreign Relations, serves
on the Board of Trustees for Aerospace Corporation and on the National
Aeronautics and Space Administration (NASA) Advisory Council, and is a former
board director for Denny’s Corporation and Datapath, Inc. Mr. Montelongo
received an M.B.A. from the Harvard School of Business and a B.S. in Engineering
from the United States Military Academy.
Mr.
Stott, 64, is a telecommunications industry veteran. In 2007 he retired as
President of the Northeast Region of Verizon Wireless after serving at Verizon
and its legacy companies for over 40 years. Mr. Stott began his
career as an equipment installer with the New England Telephone Company and held
a number of senior-level positions with NYNEX Mobile through the Company’s
merger with Bell Atlantic in 1995. Following the merger, Mr. Stott was appointed
the President of Bell Atlantic Mobile’s Philadelphia Tri-State region, where he
remained until assuming the role in New England in 1998. Mr. Stott received an
M.B.A. from Pace University and a B.S. in Applied Mathematics from UMass
Lowell.
About UniTek Global
Services
UniTek
Global Services is a provider of engineering, construction management and
installation fulfillment services to companies specializing in the
telecommunications, broadband cable, wireless and satellite industries. UniTek
has created a scalable operating platform, enabling each UniTek subsidiary to
deliver quality services to its Fortune 200 customers. UniTek, based in Blue
Bell, PA, utilizes a diverse workforce of over 5,200 deployed throughout over
102 locations in the United States and
Canada. www.unitekglobalservices.com
Forward
Looking Statements
The
Company may from time to time make written or oral "Forward-looking statements",
including statements contained in this release and in the Company's filings with
the Securities and Exchange Commission. These forward-looking statements include
statements with respect to the Company's beliefs, plans, objectives, goals,
expectations, anticipations, estimates, and intentions that are subject to
significant risks and uncertainties and are subject to change based on various
factors, many of which are beyond the Company's control. These risks and
uncertainties include the risk that the registration statement never becomes
effective and we are not able to conduct any offering of securities in
connections with the registration statement, as well as other risk factors
detailed from time to time in the Company's filings with the Securities and
Exchange Commission. The words "may", "could", "should", "would", "believe",
"anticipate", "estimate", "expect", "intend", "plan", and similar expressions
are intended to identify forward-looking statements. All such statements are
made in good faith by the Company pursuant to the "safe harbor" provisions of
the Private Securities Litigation Reform Act of 1995. The Company does not
undertake to update any forward looking statement, whether written or oral,
which may be made from time to time by or on behalf of the Company, except as
may be required by applicable law or regulations.
Contact
Info:
The
Piacente Group, Inc. | Investor Relations
Kristen
McNally | Lee Roth
(212)
481-2050
unitek@tpg-ir.com