Romanella is Former UPS President of Retail and Residential
BLUE BELL, Pa., July 16, 2012 (GLOBE NEWSWIRE) -- Today, the Board of
Directors of UniTek Global Services, Inc. (UniTek) (Nasdaq:UNTK)
announced the appointment of Rocky Romanella as UniTek's Chief
Executive Officer, effective July 18, 2012. UniTek is a premier
provider of permanently outsourced infrastructure services to the
telecommunications, broadband cable, wireless, two-way radio,
transportation, public safety and satellite television industries.
Michael F. O'Donnell, chairman of UniTek's Board of Directors, said,
"Rocky holds extensive experience at a multi-billion dollar corporation
with one of the world's leading global brands. His proven execution,
visionary thinking and leadership capabilities are ideally suited to
enhance UniTek's growth momentum. We believe that the company is on
track to meet its business objectives this year and we expect to
continue to achieve strong growth. We welcome Rocky to the executive
team, and look forward to his contributions to the company's future
Formerly President of Retail and Residential Operations, Romanella has
spent his entire career spanning more than 36 years at United Parcel
Service (UPS). Under his direction, UPS successfully launched one of
the largest re-branding initiatives in franchising history,
revolutionizing the $9 billion retail shipping and business services
market. He was responsible for the global strategy of all U.S. and
international retail channels. Romanella was instrumental in leading
UPS's entry into the healthcare industry while managing and integrating
more than 20 acquisitions into the UPS Supply Chain business. His
responsibilities have also included overseeing nearly 72,000 employees
throughout nine states.
Romanella has experience in all facets of the UPS business operations.
For over three decades, Romanella held various management positions
including hub and package operations and industrial engineering. He led
project teams on numerous special assignments to develop customer
solutions tools and processes for improving operational efficiencies,
and was instrumental in generating revenue growth for UPS Supply Chain
Solutions in North and South America. He is a winner of the UPS
Chairman's Award for Excellence.
"I'm pleased to be joining UniTek and grateful for the confidence of
the board," said Romanella. "UniTek has a great team in place and a
solid strategic plan that has delivered double-digit annual revenue and
EBITDA growth. UniTek holds an admirable track record of execution and
I believe we can do even better. My goals are to continue to exceed our
customers' expectations, and to grow the company organically by
providing continued best-in-class service and technology, as well as
capitalize on expansion opportunities." Romanella added, "UniTek has a
great reputation in the industry, and I see my role as making sure we
maintain and grow our leadership position."
In connection with his hiring, Mr. Romanella will receive an inducement
grant of 192,307 shares upon his commencement of employment subject to
service-based vesting in four equal annual installments on the dates
that are 6, 12, 18 and 24 months following the grant date.
About UniTek Global Services
UniTek Global Services is a provider of engineering, construction
management and installation fulfillment services to companies
specializing in the telecommunications, broadband cable, wireless,
two-way radio, transportation, public safety and satellite industries.
UniTek has created a scalable operating platform, enabling each UniTek
subsidiary to deliver quality services to its Fortune 200 customers.
UniTek, based in Blue Bell, PA, utilizes a diverse workforce of
approximately 6,400 deployed in 102 locations in the United States and
Canada. For more information, visit www.unitekgs.com.
Forward Looking Statements
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statements," including statements contained in this release and in the
company's filings with the Securities and Exchange Commission. These
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anticipations, estimates, and intentions that are subject to
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words "may," "could," "should," "would," "believe," "are confident,"
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such statements are made in good faith by the company pursuant to the
"safe harbor" provisions of the Private Securities Litigation Reform
Act of 1995. The company does not undertake to update any forward
looking statement, whether written or oral, which may be made from time
to time by or on behalf of the company, except as may be required by
applicable law or regulations.
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