Analogic Corporation Announces Management Changes
PEABODY, MASS. (November 13, 2006) – The Board of Directors of Analogic Corporation (NASDAQ:ALOG) announces that John W. Wood Jr. has informed the Board that he will retire as Analogic’s CEO and as an Analogic Director on December 31, 2006. Mr. Wood has been CEO since August 2003, following the retirement from active management of Analogic Founder and Chairman Emeritus Bernard M. Gordon.
The Board also announces the appointment of Dr. Edmund F. Becker, Jr., as President and Chief Operating Officer effective immediately. Dr. Becker, who was appointed Executive Vice President and Chief Operating Officer in 2005, has been with Analogic since 1977, and was for many years Vice President of its Medical Imaging Division.
The firm Korn/Ferry International, based in Los Angeles, California, has been retained to search for a successor to Mr. Wood.
On an interim basis, the Board has appointed Bernard Gordon as Executive Chairman and John A. Tarello, Analogic’s former Chairman, as Vice Chairman.
The Board expressed its appreciation to Mr. Wood for his efforts during the past three-and-a-half years.
Analogic will conduct an investor conference call on Thursday, November 16, at 11:00 a.m. ET to discuss the management changes. The conference call will include Bernard Gordon, Executive Chairman; John Wood, CEO; Ed Becker, President and COO; John J. Millerick, Senior Vice President, CFO, and Treasurer; and Alex A. Van Adzin, Vice President, General Counsel, and Corporation Secretary.
To participate in the conference call, dial 1-866-823-6992, or 1-334-323-7225 for international callers, approximately five to ten minutes before the conference is scheduled to begin. Inform the operator that you wish to join the Analogic conference. You will then be asked for your name, organization, and telephone number and be connected to the conference.
The call also will be available via webcast in listen-only mode. To listen to the webcast, visit www.analogic.com approximately five to ten minutes before the conference is scheduled to begin.
A telephone digital replay will be available approximately two hours after the call is completed through midnight (ET) Thursday, November 23. To access the digital replay, dial 1-877-919-4059, or 1-334-323-7226 for international callers. The conference pass code is 96272645.
The replay of the conference call webcast will be archived at www.analogic.com approximately three hours after the call is completed and will be available through Thursday, December 7, 2006.
For more information, visit www.analogic.com, call 978-326-4213, or email proberts@analogic.com.
Analogic Corporation is a leading designer and manufacturer of advanced health and security systems and subsystems sold primarily to Original Equipment Manufacturers (OEMs). The Company is recognized worldwide for advancing the state of the art in Computed Tomography (CT), Digital Radiography (DR), Ultrasound, Magnetic Resonance Imaging (MRI), and Patient Monitoring.
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