PITTSBURGH, PENNSYLVANIA, April 1, 2013 —Black Box Corporation (NASDAQ:BBOX), a leading communications system integrator, today confirmed that, consistent with its previous announcements, Mr. Michael McAndrew has assumed the position of President and Chief Executive Officer of the Company, succeeding Mr. R. Terry Blakemore, who retired from the CEO position effective March 31, 2013
In addition to his appointment to CEO, Mr. McAndrew will join the company’s Board of Directors for a term expiring at the next annual meeting of stockholders. At that time, it is expected that he will stand for election by the stockholders.
“I’d like to congratulate Mike on his appointment as CEO and on joining the Board of Directors of Black Box Corporation. My fellow Board members and I have worked extensively with Mike over many years and are excited about his vision of growth for the Company and of the important role that Black Box will play in the future of enterprise communications. Our strategy is solid and we look forward to working with Mike and his team on its successful execution,” said Mr. Thomas G. Greig, Chairman of the Board of Directors.
“I am excited to assume the leadership role at Black Box,” stated Mr. McAndrew. “Along with our 4,000 Team Members, I am committed to the execution of our strategy as we fulfill our mission to become a comprehensive communications system integrator. In order to accomplish our goal we will:
•Strengthen and expand our portfolio of high-value communication solutions
•Leverage centralized expertise with local skills and relationships
•Realign our organizational structure and incentives, and
•Implement a consistent, comprehensive market penetration approach.
We have already initiated programs in support of our strategy. The changes we have recently made within the organization to achieve our mission have been enthusiastically embraced by our business leaders. We look forward to continuing to serve our clients and build value for our shareholders.”
Mr. Greig added, “We also want to sincerely thank Terry Blakemore for his years of outstanding service to the company. In his different leadership roles since joining Black Box in 1999, most recently as President and CEO, Terry has always put Black Box first. We deeply appreciate his active support of the leadership transition, and wish him well in his retirement.”
Mr. Blakemore will remain a Director of the company until the next annual meeting of stockholders.
About Black Box
Black Box is a leading communications system integrator dedicated to designing, sourcing, implementing and maintaining today’s complex communications solutions. Black Box services more than 175,000 clients in approximately 150 countries with approximately 200 offices throughout the world. To learn more, visit the Black Box Web site at http://www.blackbox.com.
Black Box® and the Double Diamond logo are registered trademarks of BB Technologies, Inc. Any third-party trademarks appearing in this press release are acknowledged to be the property of their respective owners.
Contact: Black Box Corporation
Vice President of Corporate Communications
and Investor Relations
E-mail: [email protected]