Westell promotes Jeniffer Jaynes to Chief Financial Officer
06 November 2020 - 1:00AM
Westell Technologies, Inc. (OTC Pink Open Markets: WSTL), a leading
provider of high-performance network infrastructure solutions,
announces the promotion of Jeniffer Jaynes to Chief Financial
Officer. Jaynes was previously appointed to Interim Chief Financial
Officer in September of 2019.
“Ms. Jaynes performed exceptionally as our Interim Chief
Financial Officer and made significant contributions to the
company,” said Tim Duitsman, president and CEO of Westell. “Ms.
Jaynes is a key member of the executive team and led Westell
through the recent reverse/forward split transaction.”
“Ms. Jaynes leadership experience and knowledge
of Westell’s financial systems made her the obvious choice as our
CFO. The Westell Board and I have complete confidence in her skills
as Westell’s CFO,” added Duitsman.
Ms. Jaynes will continue to lead the financial
and information technology departments within Westell.
Ms. Jaynes, previously served as the Company’s Vice President
and Corporate Controller since July 1, 2018, and will continue to
serve in these capacities. She previously served as the Company’s
Assistant Vice President of Financial Reporting from 2016 until
2018, and as Director of SEC Reporting from 2007 to 2016. Ms.
Jaynes initially joined the Company in 1996 and held various
accounting positions with the Company through 2000. Prior to
rejoining the Company in 2007, Ms. Jaynes served as the Director of
SEC Reporting at Infinity Property and Casualty Corporation and as
the Manager of Financial Reporting at Pemco Aviation Group, Inc.
(subsequently known as Alabama Aircraft Industries, Inc.). Ms.
Jaynes is a Certified Public Accountant and began her career as an
auditor with Arthur Andersen LLP.
This news release will be posted on the Investor
Relations section of Westell's website: http://ir.westell.com.
To be added to the Westell email distribution
list, please email info@westell.com
About Westell
Technologies
Westell is a leading provider of
high-performance network infrastructure solutions focused on
innovation and differentiation at the edge of communication
networks where end users connect. The Company's portfolio of
products and solutions enable service providers and network
operators to improve performance and reduce operating expenses.
With millions of products successfully deployed worldwide, Westell
is a trusted partner for transforming networks into high-quality
reliable systems. For more information, please visit
www.westell.com.
“Safe Harbor” Statement under the Private
Securities Litigation Reform Act of 1995
Certain statements contained herein that are not
historical facts or that contain the words “believe,” “expect,”
“intend,” “anticipate,” “estimate,” “may,” “will,” “plan,”
“should,” or derivatives thereof and other words of similar meaning
are forward-looking statements that involve risks and
uncertainties. Actual results may differ materially from those
expressed in or implied by such forward-looking statements. Factors
that could cause actual results to differ materially include, but
are not limited to, the product demand and market acceptance risks,
customer spending patterns, need for financing and capital,
economic weakness in the United States (“U.S.”) economy and
telecommunications market, the effect of international economic
conditions and trade, legal, social and economic risks (such as
import, licensing and trade restrictions), the impact of
competitive products or technologies, competitive pricing
pressures, customer product selection decisions, product cost
increases, component supply shortages, new product development,
excess and obsolete inventory, commercialization and technological
delays or difficulties (including delays or difficulties in
developing, producing, testing and selling new products and
technologies), the ability to successfully consolidate and
rationalize operations, the ability to successfully identify,
acquire and integrate acquisitions, the effects of the Company's
accounting policies, retention of key personnel, the effects and
consequences of the COVID-19 pandemic or other pandemics, and other
risks more fully described in the Company's SEC filings, including
the Form 10-K for the fiscal year ended March 31, 2020, under
Item 1A - Risk Factors. The Company undertakes no obligation
to publicly update these forward-looking statements to reflect
current events or circumstances after the date hereof, or to
reflect the occurrence of unanticipated events, or otherwise.
For additional information, contact:Tim
DuitsmanChief Executive OfficerWestell Technologies, Inc.+1 (630)
898 2500tduitsman@westell.com
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