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Applied Signal Technology, Inc.
Announces Board of Director and Management Changes
Sunnyvale, CA. November 20, 2007 - Applied
Signal Technology, Inc. (NASDAQ - APSG) announced that Mr. Stuart
G. Whittelsey, Jr. has resigned as a member of the Board of Directors. “Having
enjoyed seventeen years of Board service at Applied Signal Technology,
Inc., it is time for me to enjoy retirement,” he said. In
accordance with the company’s by-laws, the Board of Directors
voted to reduce the number of members from eight to seven.
The company also announced that Mr. Bani
M. Scribner, Jr. has resigned as Chief Operating Officer in anticipation
of his future retirement. Mr. Scribner will continue in a part-time
position as staff reporting to Mr. Gary Yancey, President and
Chief Executive Officer. As a result of Mr. Scribner’s
resignation, the Board of Directors has promoted Mr. William
B. Van Vleet III to Chief Operating Officer.
Mr. Van Vleet joined the company in July
2005 as Executive Vice President of the Sensor Signal Processing
Group in connection with the company’s acquisition of Dynamics
Technology, Inc. and was promoted to Deputy Chief Operating Officer
in August 2006. Mr. Van Vleet was President and Chief Executive
Officer of Dynamics Technology, Inc. from 2002 to July 2005.
Prior to that time, Mr. Van Vleet worked at The Boeing Company
for 22 years, where he served in a variety of engineering management
positions, most recently as the General Manager of the Communications,
Information, and Oceanic Systems Division, and then leading efforts
on the U.S. Missile Defense National Team as the Director of
Battle Management, C2 and Communications.
Regarding the changes, Mr. Gary Yancey,
President and Chief Executive Officer, commented, “Stuart
(Stu) Whittelsey has been a director since 1990 and has been
a major contributor to the governance of our financial controls
and reporting throughout his tenure.”
“Bani (Ben) Scribner has been with
the company since June 1992 and has worked with Jim Doyle and
me as the corporate management team. As he reduces to a part-time
staff position reporting to me, he will concentrate on corporate
strategic development issues.”
“William (Bill) Van Vleet has not only been with the company
since July 2005; he also worked in association with AST during
part of his tenure with the Boeing Company. In his role as Deputy
Chief Operating Officer he became part of the corporate management
team and will continue in that capacity in his new role. The Board
of Directors and I are very confident of Bill’s ability to
perform in his new role as Chief Operating Officer.”
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 visit our website at www.appsig.com.
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