LANCASTER, Pa., June 4 /PRNewswire-FirstCall/ -- Herley Industries, Inc. (Nasdaq: HRLY) announced today that Jeffrey L. Markel will join Herley Industries, Inc. at the company's Corporate Headquarters in Lancaster, Pennsylvania, as Chief Operating Officer in June. Mr. Markel served as president of BAE Systems' Network Enabled Solutions (NES) for more than ten years.
Myron Levy, Herley Chairman and CEO, commented, "On behalf of the Herley Board of Directors and executive management team at Herley, I want to welcome Jeffrey Markel to the Company. We believe that Jeff's closely-related experience and expertise in the defense electronics business make him a perfect fit for the Company. As head of BAE's NES division, Jeff Markel had 2,600 employees at six sites reporting directly to him. In an earlier position, Jeff was Vice President of Communication Systems at Hazeltine Corp. His multi-plant management skills in similar business areas such as IFF and communication systems will serve him well as Herley's Chief Operating Officer.
Herley has nearly 1,000 employees at eight operating divisions, six in the United States, one in the United Kingdom, and one in Israel. All of Herley's operating divisions will report to Jeff, and he will work closely with me and our corporate officers to reach the Company's goals of improved profitability and shareholder value."
Mr. Markel holds a bachelor's degree in applied science and a bachelor of science in mechanical engineering from Lehigh University as well as a master's degree in management from Long Island University.
Herley Industries, Inc. is a leader in the design, development and manufacture of microwave technology solutions for the defense, aerospace and medical industries worldwide. Based in Lancaster, PA, Herley has eight manufacturing locations and approximately 1000 employees. Additional information about the company can be found on the Internet at http://www.herley.com
For information at Herley contact: Tel: (717) 735-8117
Peg Guzzetti http://www.herley.com
Safe Harbor Statement - Except for the historical information contained herein, this release may contain forward-looking statements. Such statements are inherently subject to risks and uncertainties. When used in this report, words such as "anticipated," "believes," "could," "estimates," "expects," "may," "plans," "potential" and "intends" and similar expressions, as they relate to the Company or its management, identify forward-looking statements. Such forward-looking statements are based on the belief of the Company's management, as well as assumptions made by and information currently available to the Company's management. The Company's results could differ materially based on various factors, including, but not limited to, cancellation or deferral of customer orders, difficulties in the timely development of new products, difficulties in manufacturing, increased competitive pressures, the effects of the recently announced indictment of the Company and general economic conditions. The Company undertakes no obligation to update forward- looking statements as a result of future events or developments.
SOURCE Herley Industries, Inc.