MELVILLE, N.Y. –
September 26, 2018– Comtech Telecommunications Corp. (“Comtech”)
(NASDAQ: CMTL) announced today that Michael Porcelain, the Company’s
Senior Vice President, Chief Financial Officer (“CFO”), has been
promoted to Chief Operating Officer (“COO”). Mr. Porcelain will be
succeeded in his role by Michael Bondi, who is currently the Company’s
Vice President, Controller. These promotions are effective October 1,
2018.
Fred Kornberg, Chairman and Chief Executive Officer of Comtech, said,
“For more than 12 years, Michael Porcelain has served with distinction
as our Senior Vice President, CFO. In recent years, he has assumed
broader responsibility for Comtech’s day-to-day operations while at the
same working closely with me in developing and implementing our business
strategies which have resulted in significant shareholder value. With
his deep knowledge of Comtech’s business and his strategic perspective
on our industry, Mike is uniquely qualified to serve as our COO and help
Comtech continue to capitalize on the exciting growth opportunities that
I see ahead.”
Mr. Kornberg continued, “As Vice President, Controller, Michael Bondi
oversees Comtech’s accounting operations, financial reporting and
internal controls. He has been with Comtech for nearly 15 years and has
always demonstrated strong leadership qualities, outstanding management
skills and deep technical accounting knowledge. He is abundantly
qualified, has high integrity and is the ideal successor as he provides
continuity in this critical role.”
Mr. Kornberg concluded, “Together, these promotions, speak to the depth
and quality of our management team as Comtech grows and looks to the
future. I congratulate both on these well-deserved promotions.”
Mr. Porcelain has been Senior Vice President and CFO of Comtech
since March 2006 and was previously Vice President of Finance and
Internal Audit of Comtech from 2002 to March 2006. Prior to joining
Comtech, Mr. Porcelain was Director of Corporate Profit and Business
Planning for Symbol Technologies, a mobile wireless information
solutions company, where he was employed from 1998 to 2002. Previously,
he spent five years in public accounting holding various positions,
including Manager in the Transaction Advisory Services Group of
PricewaterhouseCoopers.
Mr. Bondi has been Vice President, Controller of Comtech since January
2004. Prior to joining Comtech, Mr. Bondi served as Assistant Controller
at EDO Corporation (“EDO”), which designed and manufactured products for
defense, intelligence and commercial markets and provided related
engineering and professional services. Prior to his experience at
Comtech and EDO, Mr. Bondi worked at the Big 4 accounting firm, KPMG LLP
(“KPMG”), from September 1993 to September 2002. As a Senior Manager at
KPMG, Mr. Bondi served a variety of public and private companies
primarily in the technology and defense markets.
Comtech Telecommunications Corp. designs, develops, produces, and
markets innovative products, systems and services for advanced
communications solutions. The Company sells products to a diverse
customer base in the global commercial and government communications
markets.
Certain information in this press release contains statements that are
forward-looking in nature and involve certain significant risks and
uncertainties. Actual results could differ materially from such
forward-looking information. The Company’s Securities and Exchange
Commission filings identify many such risks and uncertainties. Any
forward-looking information in this press release is qualified in its
entirety by the risks and uncertainties described in such Securities and
Exchange Commission filings.
PCMTL
View source version on businesswire.com: https://www.businesswire.com/news/home/20180926005980/en/
Media:
Michael D. Porcelain, Senior Vice President and Chief
Financial Officer
631-962-7000
[email protected]
