NASDAQ Comp.
13.05.2008 22:00:00
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LCC International Announces Executive Management Changes
LCC International, Inc. (NASDAQ:LCCI), a global leader in wireless voice
and data turn-key services, today announced that Dean Douglas, President
and Chief Executive Officer, will be leaving the Company to join a
private telecommunications equipment provider. Mr. Douglas' resignation,
as President, CEO and Director, will become effective June 6, 2008.
Concurrently, the Board has promoted Mr. Kenneth Young to the position
of President and Chief Operating Officer, effective immediately. Mr.
Young joined LCC in May, 2006 as Chief Marketing Officer and since July
2007 has served as Senior Vice President, Chief Marketing Officer and
President of the Americas. Mr. Young will report directly to Ms. Julie
Dobson, Chairperson of the Board, who will become LCC’s
interim Chief Executive Officer effective June 6, 2008. A national
search to replace Mr. Douglas as Chief Executive Officer will be
initiated and overseen by the Board. The Company expects to make an
announcement regarding his successor within the next few months.
On the announcement, Mr. Douglas commented, "My
decision to leave LCC is based solely on a significant new job
opportunity, and does not reflect in any way on my confidence in LCC. I
leave the Company with an extraordinarily capable core management team
and over 1,300 talented employees who contribute daily to transforming
the business. They possess the skills needed to continue on LCC's growth
trajectory.” "We would like to thank Dean for the
contributions he has made during his tenure with the Company, and wish
him all the best in his future endeavors,”
said Julie Dobson, LCC's Chairperson and interim CEO. "We
are fortunate that we have a depth of management that allows us to be
able to expand Kenny Young's responsibilities. He has made a significant
impact on our business in a short period, and we confidently look to him
to help lead us to the next level of success at LCC,”
concluded Ms. Dobson.
Before joining LCC in 2006, Mr. Young served as Chief Operating Officer
for Liberty Media's Connectid™ mobile content
subsidiary, as well as Senior Vice President and Chief Marketing Officer
of Liberty Media's TruePosition location based services organization.
Before joining Liberty Media, Mr. Young spent over 16 years with the now
AT&T Corporation and held senior management positions with Cingular
Wireless, SBC Wireless, and Southwestern Bell Telephone operations.
About LCC International, Inc.
LCC International (NASDAQ: LCCI) is the recognized leader in providing
wireless voice and data turn-key services to the telecommunications
industry. Our service offering includes network services, business
consulting, tools-based solutions, and training through our
world-renowned Wireless Institute. The Company has worked with all major
access technologies (including UMTS, EV-DO, HSDPA and WiMAX) and has
participated in the success of some of the most sophisticated wireless
systems in the world. LCC is unique in its ability to provide
comprehensive turnkey services to wireless operators around the world.
We bring local knowledge and global capabilities to our customers,
offering innovative solutions, insight into cutting-edge developments
and delivering solutions that increase business efficiencies. News and
additional information are available at www.lcc.com.
Cautionary Note regarding forward-looking statements under the Private
Securities Litigation Reform Act of 1995:
Information in this release regarding LCC's expectations, beliefs, and
intentions are forward-looking statements that involve risks and
uncertainties. All forward-looking statements included in this release
are based upon information available to LCC as of the date of this
release, which may change, and LCC assumes no obligation to update any
such forward-looking statement. These statements are not guarantees.
Factors that could cause or contribute to differences from such
expectations include, but are not limited to risks associated with
international operations, challenges and costs arising from integration
of new operations and other factors that may affect our business are
discussed in LCC's filings with the Securities and Exchange Commission,
including our most recent annual report on Form 10-K and our quarterly
reports on Form 10-Q.
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