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Microtest board names Vince Hren as President & Chief Executive Officer

Copyright (c) 1999 Microtest, Inc.


(January 11, 1999) - PHOENIX, Arizona - Microtest, Inc. (NASDAQ: MTST) a leading developer, manufacturer and marketer of Local Area Network (LAN) cable management, troubleshooting and network application server products, today announced Vincent Hren as Chief Executive Officer and President. Hren, 48, joins Microtest with a strong track record for business turnaround and delivering new products to market. With an extensive global background involving hi-tech products, Vince will need little time in assessing Microtest business. Mr. Hren will commence his duties at Microtest on January 18, 1999, replacing Richard G. Meise as CEO who announced his retirement several months ago.

Vince graduated from the University of Minnesota in 1972 and began a career history which included more than 20 years in industrial instruments and controls at Emerson Electric. His strong customer-focused orientation is reflective in his successful advancement through key assignments in operations and general management. He also worked at Graco, Inc. as VP/GM of the Automotive Division. Vince joined Three-Five Systems in 1996, was promoted to COO, and became President & Chief Executive Officer on July 1, 1998.

During Hren's tenure at Three-Five Systems, he oversaw the start up of the largest automated LCD line outside of Asia and expanded LCD module manufacturing to China, thereby improving the company's competitive position against Asian LCD suppliers. He realigned the sales organization, emphasizing more global coverage resulting in a more diversified customer base that contributed solid growth in 1997-1998 and reversing the 1996 decline. In his three years with Three-Five Systems, several new products have been introduced to the marketplace elevating the company as a recognized leader in the design and manufacture of LCD products.

"Vince has an impressive record as a successful results-oriented executive with a strong background in strategic planning, operations, customer service and general management", said Richard G. Meise, Microtest chairman. "During his tenure as CEO of Three-Five Systems he was remarkably effective in revitalizing and positioning the company as a recognized leader in its industry. Vince is truly an outstanding executive to lead Microtest into the next century, and we are delighted to welcome him here."

"The opportunity at Microtest is exceptional," Hren said. "This is a company with no debt, a strong customer base, global capability, and best of all a workforce that achieved market leadership in hand-held diagnostic and certification testers. I am confident that, with the right strategy and hard work, we can take full advantage of Microtest's many strengths and achieve outstanding results for its customers, shareholders and employees. My first order of business is a review of the critical issues and the completion of a strategic plan to shape the future."

Founded in 1984, Microtest is a leading worldwide manufacturer of diagnostic certification and CD-connectivity products for local area networks (LANs) and enterprise networks. Microtest's mission is to be on every network. The company has pioneered several networking products, such as PentaScanner, CertiFiber and DiscPort. Microtest is headquartered at 4747 North 22nd Street, Phoenix, AS. Microtest's European Centers of Excellence are located at Am Soeldnermoos 17, D-85399 Munich-Hallbergmoos, Germany and 2A Kingfisher House, Northwood Park, Gatwick Road, Crawley, UK . Microtest's stock is traded on the NASDAQ National Market under the symbol MTST.

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Publication Year:1999
Type of Material:Book
Language English
Issue:January 11, 1999
Publisher:Microtest, Inc.
Place of Publication:Phoenix, AZ
Subject: CD-ROM networks
Microtest
Online access:http://www.microtest.com/press/releases/pr011199.htm
Record Number:3552
Last Update:2012-12-29 14:06:47
Date Created:0000-00-00 00:00:00