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WJ Communications
Appoints Michael
R. Farese, Ph.D. as Chief Executive Officer
Senior Executive has
Over 30 Years Experience At Leading Telecommunications Companies
SAN JOSE,
Calif., March 4, 2002--WJ Communications (Nasdaq:WJCI) today announced that
it has appointed Michael R. Farese, Ph.D. as president and chief executive
officer. Dr. Farese brings to WJ Communications over 30 years of
telecommunications experience with an extensive background in wireless
infrastructure and terminals at leading companies including Motorola, Ericsson,
Nokia, ATT/Bell Labs and Tropian Inc. Farese joins WJ Communications' Board of
Directors, replacing Mal Caraballo who has resigned from the Company.
"Mike's
extensive telecommunications experience will be a tremendous asset to our
company as WJ continues to establish itself as a leading supplier of wireless
infrastructure semiconductors and integrated fiber optic components," said
W. Dexter Paine, III, WJ Communications Chairman of the Board. "Mike has
twice managed and helped build billion dollar communication businesses and led
these units to profitability. He understands the needs of our customers and has
a vision for growth in the future. We look forward to the contributions that
Mike can make to our future growth and are pleased to have a manager of his
experience and accomplishments to lead our company."
"WJ
Communications' expertise in RF engineering and reputation for high quality is
renowned throughout the wireless world and we have a real opportunity to become
a premier provider of high function integrated semiconductors," added
Farese. "I am excited about the opportunities at WJ and believe the Company
has a truly exciting future."
Until recently,
Farese was president and CEO of Tropian Inc., a Silicon Valley-based RF wireless
semiconductor systems company that was named one of Red Herring's most
influential 50 private companies in 2001. Prior to that, Farese was vice
president & General Manager of Global Personal Networks at Motorola. He also
has extensive management experience at a number of key customers of WJ
Communications, including over five years at both Ericsson and Nokia and 14
years at AT&T.
Farese also
serves on the Board of Directors of Communications Intelligence Corporation (Nasdaq:CICI).
He holds a B.S.E.E. and Ph.D. from Rensselaer Polytechnic Institute and an M.S.
in Electrical Engineering from Princeton University.
"We deeply
appreciate all of Mal's hard work in building an effective management team and
in helping the Company grow," continued Dexter Payne, III. "We thank
him for all of his great contributions to WJ Communications and wish him well in
the future."
WJ
Communications, an ISO 9001-certified manufacturer headquartered in San Jose,
designs, develops and manufactures innovative broadband communications products
for current and next generation wireless communications networks and fiber
optics. For more information visit http://www.wjcommunications.com.
# # #
CONTACT:
WJ
Communications
William
Slakey, 408/577-6261 (Financial)
bill.slakey@wj.com
or
the
blueshirt group
Brinlea
Johnson, 415/217-4963 (Investor Relations)
brinlea@blueshirtgroup.com
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