Measurement Specialties Announces VP/GM Retirement
FAIRFIELD, N.J., Nov. 23 /PRNewswire-FirstCall/ -- Measurement Specialties (Amex: MSS) announced today that Mark Cappiello will retire from his post as VP/GM Consumer Division, effective December 31, 2004. Steve Petrucelli, Consumer division director of operations and chief technologist will assume the post. "Mark has served the Company loyally for nearly two decades" commented Frank Guidone, CEO. "His vision and drive have been responsible for much of the Company's success in consumer products, which fueled the company's growth for many years. We thank Mark for his years of service and wish him well in his retirement." Mr. Guidone continued, "Steve Petrucelli has been the leading force for design advances in our Consumer products for many years. He understands the retail marketplace and the needs of our customers well. Given our renewed focus as an OEM-only scale supplier and increased emphasis on improved technology and reduced costs to our customers, Steve is the ideal candidate to lead the division forward." Measurement Specialties, Inc. designs and manufactures sensors and sensor-based consumer products. The Sensor division, also known as MSI Sensors, produces a wide variety of sensors and transducers to measure precise ranges of physical characteristics such as pressure, motion, force, displacement, tilt, flow and distance. MSI Sensors uses multiple advanced technologies -- including piezoresistive, electro-optic, electro-magnetic, capacitive, application specific integrated circuits (ASICs), micro-electromechanical systems (MEMS), piezoelectric polymers and strain gauges -- to engineer sensors that operate precisely and cost effectively. The Consumer division produces OEM bathroom scales, Accutire(R) brand tire pressure gauges and other products. Contact: Frank Guidone, CEO (757) 766-4400 Boutcher & Boutcher Investor Relations Aimee Boutcher (973) 239-2878
SOURCE Measurement Specialties
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