Keysight Technologies, Inc., the spinoff electronic measurement company
of Agilent Technologies, today announced plans to appoint Rick Hamada to
its board of directors.
Hamada is the chief executive officer and member of the Board of
Directors of Avnet Inc., positions he has held since July 2011. As CEO
of Avnet, Mr. Hamada is responsible for the strategic direction and
oversight of day-to-day operations of one of the largest global
distributors of electronic components, computer products and embedded
technology. Prior to his current role, Hamada served as chief operating
officer of Avnet since July 2006, and president and chief operating
officer since May 2010.
Keysight expects Hamada’s appointment to become effective concurrently
with, or shortly before, the completion of the Keysight spinoff,
currently targeted for November 2014.
“Rick Hamada’s experience in the electronics industry will be a great
resource for our board as we chart a course for the future,” said Paul
Clark, chairman-designate of Keysight’s board of directors. “Rick’s
knowledge of the electronics business, as well as his understanding of
the global market, makes him an excellent addition to Keysight’s growing
board.”
“I look forward to working with Paul, Ron Nersesian, president and chief
executive officer of Keysight, and the other members of the Keysight
board,” said Hamada. “Keysight’s long history of innovation, combined
with its ability to now focus solely on electronic measurement, will
provide its customers with an even greater array of cutting-edge
products and solutions.”
About Keysight Technologies
On Sept. 19, 2013, Agilent Technologies announced plans to separate into
two publicly traded companies through a tax-free spinoff of its
electronic measurement business. The new company, Keysight Technologies,
began operating as a wholly owned subsidiary of Agilent on Aug. 1, 2014
with a full separation anticipated in early November 2014. Keysight is
expected to trade on the NYSE under the symbol KEYS.
Keysight is a global electronic measurement technology and market leader
helping to transform its customers’ measurement experience through
innovation in wireless, modular, and software solutions. Keysight
provides electronic measurement instruments and systems and related
software, software design tools and services used in the design,
development, manufacture, installation, deployment and operation of
electronic equipment. Information about Keysight is available at www.keysight.com.
Forward-Looking Statements
This news release contains forward-looking statements as defined in the
Securities Exchange Act of 1934 and is subject to the safe harbors
created therein. The forward-looking statements contained herein
include, but are not limited to, information regarding Keysight’s
separation of the electronic measurement business and its Board of
Directors. These forward-looking statements involve risks and
uncertainties that could cause Keysight’s results to differ materially
from management’s current expectations.
In addition, other risks that Keysight faces include those detailed in
Keysight’s filings with the Securities and Exchange Commission,
including our Form 10, and amendments thereto. Forward-looking
statements are based on the beliefs and assumptions of Keysight’s
management and on currently available information. Keysight undertakes
no responsibility to publicly update or revise any forward-looking
statement.
NOTE TO EDITORS: Further technology, corporate citizenship and executive
news is available at www.keysight.com/go/news.
IR-KEYS
Copyright Business Wire 2014