18.06.2007 20:30:00
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InFocus(R) Announces Departure of CFO
InFocus® Corporation (NASDAQ:INFS) today
announced that Roger Rowe is resigning as Chief Financial Officer to
accept another position locally effective July 2, 2007. Mark Perry will
join InFocus as interim CFO upon Mr. Rowe’s
departure.
Mr. Perry is a partner in the Chicago practice of Tatum LLC, the nation’s
largest and fastest growing executive services firm. Mr. Perry has over
30 years of experience and has been a Tatum partner since 2005. Prior to
Tatum, Mr. Perry held various financial leadership roles at Netopia,
Inc., URS Corporation, Covad Communications, US West, and Arthur
Andersen. Mr. Perry holds a BS degree in accounting from Fairleigh
Dickinson University.
"Roger has provided strong financial
leadership for the company for the last several years effectively
managing the balance sheet and reducing operating costs,”
said Michael Hallman, lead independent director of InFocus. "The
Board of Directors thanks him for his service and wishes him the best in
the future. Mark Perry brings a wealth of experience to his role as
interim CFO. Mark and Roger will work together over the next couple of
weeks to minimize any disruption to the business,”
Hallman concluded.
"We have worked as a management team to put an
operating plan in place to continue to improve the operational
performance of the Company. I have confidence that the Board and
management team under the leadership of Joe O’Sullivan
can work together to achieve the goals that have been put forth,”
said Rowe. "I am grateful for the experience
I have gained at InFocus and am looking forward to the next chapter in
my career,” finished Rowe.
Forward-Looking Statements
This press release includes forward-looking statements. Investors are
cautioned that all forward-looking statements involve risks and
uncertainties and several factors could cause actual results to differ
materially from those in the forward-looking statements. Investors are
directed to the Company's filings with the Securities and Exchange
Commission, including the Company's 2006 Form 10-K and first quarter
2007 Form 10-Q, which are available from the Company without charge, for
a more complete description of the risks and uncertainties relating to
forward-looking statements made by the Company as well as to other
aspects of the Company's business. The forward-looking statements
contained in this press release speak only as of the date on which they
are made and the Company does not undertake any obligation to update any
forward looking statements to reflect events or circumstances after the
date of this press release.
About InFocus Corporation
InFocus® Corporation (NASDAQ:INFS) is the
industry pioneer and worldwide leader in the projection market today.
Over twenty years of experience and engineering breakthroughs are at
work here, constantly improving what you see in the marketplace, and
delivering immersive audio visual impact in home entertainment, business
and education environments. As the inventor and leader in the category,
we focus on making the presentation of ideas, information and
entertainment a vivid, unforgettable experience. We believe our
innovation and products set the standard for what a big picture
experience should be like.
InFocus Corporation's global headquarters are located in Wilsonville,
Oregon, USA, with regional offices in Europe and Asia. For more
information, visit the InFocus Corporation web site at www.infocus.com
or contact the Company toll-free at 800.294.6400 (U.S. and Canada) or
503.685.8888 worldwide.
InFocus, IN, Proxima, LiteShow, LP, ASK, ScreenPlay, Play Big, Work Big,
Learn Big and The Big Picture are either registered trademarks or
trademarks of InFocus Corporation in the U.S. and abroad. "DLP”
is a trademark of Texas Instruments.
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