Optek Technology, Inc. Announces Strategic Management Changes
31 March 1999
Optek Technology, Inc. Announces Strategic Management ChangesCARROLLTON, Texas, March 31 -- Optek Technology, Inc. today announced a major step in its organizational development with the appointment of two key executives to newly created positions. The Company named Richard G. Dahlberg to the position of Senior Vice President and Director of Operations. In his new role, Dahlberg will assume responsibility for all Carrollton-based manufacturing in addition to his current engineering responsibilities. Dahlberg was formerly Senior Vice President of Engineering for Optek and has been with the Company since 1983 in various engineering positions. Optek also announced the appointment of Robert J. Kosobucki to the newly created position of Vice President, Strategic Marketing. Kosobucki has served as Vice President, Worldwide Sales and Marketing since 1995 and has more than twenty years marketing experience with high-technology companies. Optek plans to name a new Sales Manager in the near future. Commenting on the management changes, Jerry L. Curtis, President and Chief Operating Officer of Optek, said, "As we pursue higher sales growth rates, we are becoming more market driven, anticipating our customers' needs and developing the requisite technology in advance of customer requests. We are also more closely aligning our engineering and manufacturing efforts in order to get new products to market faster without sacrificing manufacturing performance or quality. Over the last year, we have upgraded our manufacturing facilities and have invested in additional engineering talent. We believe these key management appointments are the next logical step in our efforts to build a stronger, more growth-oriented organization." In addition, Thomas S. Garrett will be retiring effective April 23, 1999. Garrett was formerly Senior Vice President, Operations for Optek and has been with the Company since 1991. Thomas R. Filesi, Chairman and CEO of Optek, said, "We appreciate Tom Garrett's significant contributions to the Company over the last several years. Tom was instrumental in our restructuring efforts and enabled us to build a strong manufacturing team. We will miss him and wish him all the best in his retirement." Optek Technology, Inc. is a leading manufacturer of custom optoelectronic, magnetic and fiber optic sensor products. Optek provides components worldwide for manufacturers of office and computer equipment, automobiles, industrial equipment, aerospace and defense applications, medical equipment and telecommunications equipment. Additional information can be accessed on the Internet at http://www.optekinc.com. Statements contained in this release, other than statements of historical fact, should be considered forward-looking statements within the meaning of federal securities laws and therefore include risks and uncertainties. Significant factors that may affect results include, but are not limited to, unexpected difficulties in integrating functional areas, technological impediments to developing products to perform specific functions and other factors affecting the order and delivery of products. Additional factors are described in the Company's public filings.