Six of Seven Directors Are Independent
PHOENIX, Feb. 4 /PRNewswire/ -- White Electronic Designs Corporation
(Nasdaq: WEDC), a developer and manufacturer of innovative components and
systems for high technology sectors in military, industrial, medical and
commercial markets, announced today the appointments of Jack A. Henry and Paul
D. Quadros to the Company's Board of Directors. The additions of Mr. Henry
and Mr. Quadros to the board, brings to six the number of independent members
on the Company's seven-member board.
Mr. Henry currently manages Sierra Blanca Ventures, a private investment
and advisory firm that he founded in 2000. Prior to Sierra Blanca, Mr. Henry
was managing partner of the Phoenix office of Arthur Andersen LLP. Mr. Henry
also serves on the Board of Directors of Vodavi Technology, Inc., Harris Bank
Arizona and American AgCredit, a member of the U.S. farm credit system.
Mr. Henry previously served on the Boards of Directors of Simula, Inc., and
SOS Staffing Services, Inc., both public companies. Mr. Henry has served in a
variety of community positions including chairman of the Arizona Chamber of
Commerce and Greater Phoenix Leadership. Mr. Henry attended the U.S. Naval
Academy and holds both a Bachelors and Masters of Business Administration from
the University of Michigan.
Mr. Quadros currently serves as chairman of the board of CorAutus
Genetics, a company he co-founded in 1988. In 1995, Mr. Quadros co-founded
GenStar Therapeutics and served as its President and Chief Executive Officer
through a milestone partnering agreement with Baxter Healthcare in 1998.
Since 1998 he has been that company's Chairman. Mr. Quadros also served as
Chief Financial Officer of GenStar from inception through 2003. He has been a
Managing Partner of Tenex Greenhouse Ventures Ltd., a life-science venture
capital fund. He has also served as a director of several private companies.
Mr. Quadros was co-founder and served at various times from 1991-2001 as
Chairman of the Board and Audit/Compensation Committee Chairman of Cardiac
Science. He has a Bachelors of Arts in Finance from California State
University Fullerton and a Masters of Business Administration from the
Anderson School at UCLA.
Hamid Shokrgozar, President and Chief Executive Officer of White
Electronic Designs Corporation, commented, "We are delighted to have two
distinguished and accomplished businessmen like Jack Henry and Paul Quadros
join our board. In the years to come, we will rely heavily on the corporate
experience that Jack and Paul have developed over their extraordinary careers,
as well as that of our other directors, to help guide White Electronic Designs
as we continue to grow into a leading-edge high technology components provider
to our customers worldwide."
About White Electronic Designs Corporation
White Electronic Designs Corporation designs, develops and manufactures
innovative components and systems for high technology sectors in military,
industrial, medical and commercial markets. White's products include advanced
semiconductor packaging of high-density memory products and state-of-the-art
microelectronic multi-chip modules for military and defense industries and
data and telecommunications markets; Anti-Tamper security coatings for
mission-critical semiconductor components in defense and secure commercial
applications; enhanced and ruggedized high-legibility flat-panel displays for
commercial, medical, defense and aerospace systems; digital keyboard and
touch-screen operator-interface systems; and electromechanical assemblies for
OEM's in commercial and military markets. White is headquartered in Phoenix,
Arizona, and has design and manufacturing centers in Arizona, Indiana, Ohio
and Oregon. To learn more about White Electronic Designs Corporation's
business, as well as employment opportunities, visit our website,
http://www.whiteedc.com . To learn more about White Electronic Designs' subsidiaries
please visit their websites, http://www.Panelview.com and http://www.interfacedata.com .
SOURCE White Electronic Designs Corp.
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Related links:
http://www.whiteedc.com
CONTACT:
Hamid Shokrgozar, Chairman and CEO of White
Electronic Designs Corp., +1-602-437-1520; or Retail, Joe Dorame,
or Institutional/Analysts, Joe Diaz, or Media, Kristen Klein, all
of RCG Capital Markets Group, Inc., +1-480-675-0400, for White
Electronic Designs Corp.
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