OSI Systems Announces Appointment of New Board Member
10 May 2010 - 11:00PM
Business Wire
OSI Systems, Inc. (NASDAQ:OSIS-E), a vertically integrated
provider of solutions in Security, Healthcare, and specialized
electronics, today announced the appointment of Dr. William F.
Ballhaus, Jr. to its Board of Directors.
Deepak Chopra, CEO and Chairman of OSI Systems, stated: “We are
delighted to welcome Dr. Ballhaus to our Board of Directors. Dr.
Ballhaus brings a wealth of insight and experience in managing
technology-based organizations and complex government projects, and
we’re very pleased that he has elected to join us.”
Dr. Ballhaus is the former President and Chief Executive Officer
of The Aerospace Corporation, an independent, nonprofit
organization dedicated to the development of critical applications
and solutions for our nation’s space program. At his time of
retirement in December 2007, The Aerospace Corporation employed
approximately 4,000 people with annual revenues of more than $800
million. Prior to joining the Aerospace Corporation, Dr. Ballhaus
spent 11 years with the Lockheed Martin Corporation where he served
as a Corporate Officer and Vice President of Engineering and
Technology. Previous to Lockheed Martin he served as President of
two Martin Marietta companies, Aero and Naval Systems and Civil
Space and Communications. Previously, Dr. Ballhaus served as
director of NASA's Ames Research Center. Dr. Ballhaus is a graduate
of the University of California at Berkeley where he earned a Ph.D.
in engineering.
Dr. Ballhaus stated, “I am delighted to be joining OSI Systems,
an exciting organization that over the years has brought to market
a number of innovative technologies and products that have
positively benefited the lives of millions of people globally. Over
the past three years, the Company has done an exceptional job in
improving its overall operating efficiency and cost structure and
now as global economic conditions improve finds itself ideally
positioned to experience significant global expansion in all three
of its operating businesses. I look forward to drawing upon the
experiences and knowledge acquired throughout my career to
contribute to the future success of the business.”
About OSI Systems, Inc.
OSI Systems, Inc. is a vertically integrated designer and
manufacturer of specialized electronic systems and components for
critical applications. The Company sells its products in
diversified markets, including homeland security, healthcare,
defense and aerospace. The Company has more than 30 years of
experience in electronics engineering and manufacturing and
maintains offices and production facilities located in more than a
dozen countries. It implements a strategy of expansion by
leveraging its electronics and contract manufacturing capabilities
into selective end product markets through organic growth and
acquisitions. For more information on OSI Systems Inc. or any of
its subsidiary companies, visit www.osi-systems.com. News Filter:
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