Aviat Networks Appoints Scott K. Halliday to Board of Directors
Rhea-AI Summary
Aviat Networks (NASDAQ: AVNW) has appointed Scott Halliday to its Board of Directors, effective January 31, 2025. Halliday, who will serve as an independent director on the Audit Committee, brings 38 years of experience from EY (formerly Ernst & Young).
Halliday's extensive background includes serving as Chairman of EY's United Kingdom and Japan firms, and Director of EY Global, Americas, EMEIA and Japan boards, where he managed multibillion-dollar P&L operations. He played a key role in developing the Audit Firm Governance Code in both the UK and Japan, working with regulatory authorities.
His expertise includes advising boards of directors and audit committees at Global 500 companies, as well as international governments on trends, governance, and risk management. Chairman John Mutch highlighted Halliday's potential contribution to Aviat's strategy of growth, increased profitability, and shareholder value creation.
Positive
- Addition of board member with extensive financial audit and governance expertise
- Strengthening of Audit Committee with experienced independent director
- Enhanced corporate governance through appointment of Global 500 advisor
Negative
- None.
News Market Reaction – AVNW
On the day this news was published, AVNW gained 5.12%, reflecting a notable positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Brings extensive experience from serving on and advising Boards, with a strong background in Financial Audit and Governance
Halliday brings 38 years of experience with EY (formerly Ernst & Young) in senior and board-level positions, including Chairman of EY's
As an active board member engaged in strategic decisions for EY's global development and operations, Halliday brings a wealth of experience in advising boards of directors and audit committees at Global 500 companies, as well as international governments to address key trends, governance and risk management.
"I would like to welcome Scott to our board." said John Mutch, Chairman of Aviat Networks. " He will be a strong addition to our team thanks to his wealth of experience and leadership in Corporate Finance and Governance to support Aviat's continued strategy of growth, increased profitability, and creating shareholder value."
About Aviat Networks
Aviat is the leading expert in wireless transport and access solutions and works to provide dependable products, services and support to its customers. With more than one million systems sold into 170 countries worldwide, communications service providers and private network operators including state/local government, utility, federal government and defense organizations trust Aviat with their critical applications. Coupled with a long history of microwave innovations, Aviat provides a comprehensive suite of localized professional and support services enabling customers to drastically simplify both their networks and their lives. For more than 70 years, the experts at Aviat have delivered high performance products, simplified operations, and the best overall customer experience. Aviat is headquartered in
Media Contact: Stuart Little, Aviat Networks, stuart.little@aviatnet.com
Investor Relations Contact: Andrew Fredrickson, Aviat Networks, andrew.fredrickson@aviatnet.com
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SOURCE Aviat Networks, Inc.
FAQ
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