Applied Signal Technology, Inc. (NASDAQ:APSG) today announces the
appointment of William Van Vleet III as President and Chief Executive
Officer effective immediately. Mr. Van Vleet had been appointed as
Acting Chief Executive Officer upon the resignation of Mr. Gary Yancey
on May 1, 2008.
Mr. Van Vleet joined the Company in connection with its acquisition of
Dynamics Technology Inc. on July 1, 2005, where he had been Chief
Executive Officer. He was appointed as our Chief Operating Officer on
November 15, 2007.
Mr. Van Vleet has also been appointed as a Class I member of the Board
of Directors, effective immediately, to fill the vacancy previously
created after the resignation of Mr. Yancey. Mr. John P. Devine is
continuing as non-executive Chairman of the Board of Directors.
“We are very pleased to announce the
appointment of Bill as Chief Executive Officer,”
said Mr. Devine. “We evaluated a number of
candidates during the search conducted with the assistance of a search
firm and we believe that Bill is the right person for the job. Bill has
been running the Company for the past three and a half months and we
have great confidence in his leadership and in the direction he is
taking the Company.”
Applied Signal Technology, Inc. provides advanced digital signal
processing products, systems and services in support of intelligence,
surveillance, and reconnaissance for global security. For further
information about Applied Signal Technology’s
products and services visit our website at www.appsig.com.
Applied Signal Technology, Inc.
James Doyle, 408-749-1888
Chief
Financial Officer
Alice Delgado, 408-749-1888 (Investor Relations)