|By Business Wire||
|August 11, 2014 11:00 AM EDT||
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.
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.
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