Sheldahl Names Burchill Vice President, CFO
12 March 1999
Sheldahl Names Burchill Vice President, CFO; Former Imation Executive Brings Global Financial Management Expertise to CompanyNORTHFIELD, Minn., March 11 -- Sheldahl, Inc. , today said that it had named Jill D. Burchill as Vice President, Chief Financial Officer. Previously, she had held the position of Chief Financial Officer at St. Paul, Minn.-based Imation Corporation, a $2 billion global technology company and spin-off of 3M Company's data storage and imaging businesses. At Imation, Burchill was responsible for all global financial operations and strategy, as well as investor relations. Burchill also served in various senior financial management positions at 3M Company within the Information, Imaging and Electronic Sector, including Sector Controller, Group Controller, and Division Financial Manager. In addition, she was Asia Pacific Financial Manager and International Tax Manager. Burchill began her career as an Audit Professional at Peat, Marwick, Mitchell & Company. She is a Certified Public Accountant and holds a B.S. in Accounting from the University of North Dakota. Edward L. Lundstrom, Sheldahl's President and Chief Executive Officer, said, "We're extremely pleased to have a person of Jill's caliber as a member of our executive management team. She is highly regarded in the industry as a financial executive skilled in strategically managing assets for profitability, executing innovative financing instruments, and maximizing shareholder value. She also has firsthand knowledge of global financial markets and optimizing local financial return. Jill's expertise and experience will serve us well in attaining our corporate business goals and moving our organization to the next stages in its development." Lundstrom concluded, "The addition of Jill, together with John McManus, Vice President, Finance, gives Sheldahl the benefit of a world-class financial management team." Sheldahl is a leading producer of high-density substrates, high-quality flexible printed circuitry, and flexible laminates primarily for sale to the automotive electronics and datacommunications markets. The Company, which is headquartered in Northfield, Minn., has operations in Northfield; Longmont, Colo.; Detroit, Mich.; South Dakota; Toronto, Ontario, Canada; and Chihuahua, Chih., Mexico. Its sales offices are located in Hong Kong, China; Singapore; and Mainz, Germany. Sheldahl's common stock trades on the Nasdaq National Market tier of the Nasdaq Stock Market under the symbol: SHEL. Sheldahl news and information can be found on the World Wide Web at http://www.sheldahl.com Statements contained here, other than historical data, may be forward-looking and subject to risks and uncertainties including, but not limited to, those set forth in the Company's annual report, 10K, 10Q, and other SEC filings.