This is part of a succession plan initiated by the board of directors in 2018, when Porcelain was appointed COO.
Comtech Telecommunications has completed its previously announced leadership transition, with Michael Porcelain taking the helm as CEO.
Porcelain, who will also remain President of Comtech, succeeds Fred Kornberg, who will serve as an advisor to the company on technology matters and continue as a director and non-executive Chairman of the Board. This appointment completes the companys long-term CEO succession planning effort, initiated by the Board of Directors with its appointment of Porcelain as Chief Operating Officer in 2018 and President in 2020.
Comtech also announced that Wendi Carpenter and Mark Quinlan have been appointed as independent directors of the Board, effective January 3, 2022.
Porcelain said: Im honoured to take on the CEO role at Comtech, especially at a pivotal time for our business and shareholders. The past twenty-four months have seen a significant and generational transformation of both our company and our markets overall. Im excited to take my own experience with all parts of Comtechs operations and drive a new level of performance alongside our team. I also look forward to working with our expanded, world-class Board of Directors. Together, well take Comtech into a new era of commercial success and shareholder value creation.
Kornberg added: It has been my distinct privilege to lead Comtech during four historic decades that have seen radical changes in the 911 public safety and satellite earth station technology markets. I want to express my gratitude to our investors for their continued support, our customers for trusting Comtech to address their most pressing needs, and our world-class employees for their steadfast dedication. In Michael, there is no better-qualified leader to take Comtech to new heights. As both a seasoned executive and an experienced operator who has helped define and execute against a long-term strategic plan, our new CEO has earned the confidence of our entire Board and that of shareholders and positioned us for a bright future.
