Spokane Valley, WA — June 27, 2008 -- Key Tronic Corporation (Nasdaq: KTCC), a provider of electronic manufacturing services (EMS), today announced the promotion of Doug Burkhardt to Vice President of Worldwide Operations and Larry Bostwick to Vice President of Engineering and Quality.
Mr.
Burkhardt has served in multiple positions at Key Tronic for 19 years and most
recently has served as the Director of China Operations. As Vice President of
Worldwide Operations, he will report directly to Jack Oehlke, President and CEO.
In his new role, Mr. Burkhardt will be responsible for Key Tronic’s operations
in Juarez, Mexico, Reynosa, Mexico and Shanghai, China.
Mr.
Bostwick has been with Key Tronic Corporation for two years and most recently
served as Director of Corporate Quality and Engineering. As the Company’s Vice
President of Engineering and Quality, Mr. Bostwick will be responsible for
worldwide quality, engineering, tooling and new product introductions. He will
also report directly to Mr. Oehlke.
In
addition, Key Tronic announced today that after 19 years with the Company, Efren
Perez will retire from his position as Vice President of Southwest Operations
effective July 1, 2008.
In their
important new roles, we believe Doug and Larry’s extensive experience, energy
and talents will help Key Tronic continue to grow as a leading EMS company,”
said Jack Oehlke. “We also want to express our appreciation to Efren for his
excellent job in building our Juarez facility into a world-class operation and
wish him a happy and well-earned retirement.”
While the
industry confronts the challenging economic environment, our sustained
investment in our world-class facilities in Mexico provides us with strong
competitive advantages in a time of rising labor, fuel and transportation costs.
We believe Key Tronic is increasingly well-positioned to pursue and win new
opportunities for profitable growth in fiscal 2009 and beyond.”
About Key Tronic
Key
Tronic is a leading contract manufacturer offering value-added design and
manufacturing services from its facilities in the United States, Mexico and
China. The Company provides its customers full engineering services,
materials management, worldwide manufacturing facilities, assembly services,
in-house testing, and worldwide distribution. Its customers include some
of the world's leading original equipment manufacturers. For more
information about Key Tronic visit: www.keytronic.com.
Some of
the statements in this press release are forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements include all passages containing verbs such as
‘aims, anticipates, believes, estimates, expects, hopes, intends, plans,
predicts, projects or targets’ or nouns corresponding to such verbs.
Forward-looking statements also include other passages that are primarily
relevant to expected future events or that can only be fully evaluated by events
that will occur in the future. Forward-looking statements in this release
include, without limitation, the Company’s statements regarding its
expectations with respect to quarterly revenue and earnings during fiscal 2009.
There are many factors, risks and uncertainties that could cause actual results
to differ materially from those predicted or projected in forward-looking
statements, including but not limited to the accuracy of customers’ forecasts;
success of customers’ programs; timing of new programs; success of new-product
introductions; acquisitions or divestitures of operations or facilities;
technology advances; changes in pricing policies by the Company, its
competitors, customers or suppliers; and the other risks and uncertainties
detailed from time to time in the Company’s SEC filings.