Networking Telecom Products
Rochester, NY - Performance Technologies, Incorporated (NASDAQ NM: PTIX), a leading developer of systems, platforms, components and software, today announced that Michael P. Skarzynski has been unanimously selected by its Board of Directors to serve as President and Chief Executive Officer, as well as a Director.
In this role, Mr. Skarzynski replaces Donald L. Turrell who earlier this year announced his interest in a leadership transition in order to pursue his personal interests.
Michael Skarzynski, 49, brings over 27 years of executive experience to this new role. During 2005, he served as a senior advisor to Hudson Abel Partners, LLP, an investment bank in New York. For the previous six years, Mr. Skarzynski has led as CEO, two ventures -Xebeo, an IP broadband switch acquired by UTStarcom, Inc., and Predictive Networks, an application service provider offering a business intelligence and analytics overlay network. From 1992 to 1999, he held various executive roles at AT&T, Bell Labs and Lucent Technologies. Mr. Skarzynski served as U.S. Assistant Secretary for Trade Development in the Department of Commerce from 1989-1991, and held business development and international sales and marketing roles at Motorola, Inc. from 1985 to 1989. He holds a Masters in Business Administration degree from Northwestern University and a Bachelor of Science degree from Georgetown University.
"The Board of Directors is very pleased that Michael has joined the Company as President and CEO," said John M. Slusser, Chairman. "Michael brings a very rich and unique background to the Company. His global operational, marketing and business development experience in the telecommunications and high technology arenas both in larger and smaller organizations will be a most important asset in setting the course and then steering the direction of the Company moving forward. He has a demonstrated track record of solid leadership and management skills and we are most enthused about the future of the Company under his leadership."
About Performance Technologies
Performance Technologies (NasdaqNM: PTIX) develops the systems, platforms, components and software solutions for the world's evolving communications infrastructure. Our broad customer base includes companies in the communications, military and commercial markets. Serving the industry for more than 20 years, our complete line of embedded and system-level products enables equipment manufacturers and service providers to offer highly available and fully managed systems with time-to-market, performance and cost advantages.