LeCroy Names Roberto Petrillo Worldwide Vice President of Sales

CHESTNUT RIDGE, N.Y., Jan. 3, 2011 /PRNewswire/ -- LeCroy Corporation (Nasdaq: LCRY), a leading supplier of oscilloscopes, protocol analyzers and serial data test solutions, today announced it has promoted Roberto Petrillo to Worldwide Vice President of Sales.  He will assume full responsibility for the sales of all products at LeCroy, including oscilloscopes and protocol analyzers, and will report directly to LeCroy President and Chief Executive Officer Tom Reslewic.

"Roberto has done an exceptional job expanding LeCroy's presence as head of sales for the Americas and EMEA regions," said Reslewic.  "As our competitive position continues to strengthen across our full product line, it is critical to ensure maximum coordination of selling activities to our global customers in all geographic regions.  Roberto's tireless work ethic and passion have significantly contributed to LeCroy's success today.  We look forward to Roberto applying his proven growth strategies in expanding our presence in overseas markets.  With more than 20 years in the industry, we are confident that Roberto has the sales expertise needed to continue to grow LeCroy's sales, partner and distribution relationships across the globe."

Petrillo previously served as Vice President Sales, Americas, Europe, Middle East and Africa since 2007 and as Vice President — LeCroy EMEA (Europe, Middle East and Africa) since August 2002.  He held various sales management positions during an 11-year tenure with another leading oscilloscope manufacturer, where he led the European Telecommunication Business Unit and the European Indirect Channel teams that generated $100 million in annual revenue.  Earlier in his career, Petrillo worked for Hewlett Packard as an Account Manager.  Prior to Hewlett Packard, Petrillo worked at GTE Telecommunication as an R&D Electronic Engineer.  

About LeCroy Corporation

LeCroy Corporation is a worldwide leader in serial data test solutions, creating advanced instruments that drive product innovation by quickly measuring, analyzing and verifying complex electronic signals.  The Company offers high-performance oscilloscopes, serial data analyzers and global communications protocol test solutions used by design engineers in the computer, semiconductor and consumer electronics, data storage, automotive and industrial, and military and aerospace markets.  LeCroy's 45-year heritage of technical innovation is the foundation for its recognized leadership in "WaveShape Analysis" - capturing, viewing and measuring the high-speed signals that drive today's information and communications technologies.  LeCroy is headquartered in Chestnut Ridge, New York.  Company information is available at http://www.lecroy.com.

Safe Harbor

This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including those pertaining, but not limited to expectations regarding: Roberto Petrillo's appointment as worldwide vice president of sales and the Company's plans to grow its overseas sales. There can be no assurance that actual results will not materially differ from expectations. Actual performance and results of operations may differ materially from those projected or suggested in the forward-looking statements due to certain risks and uncertainties including, without limitation, volume and timing of orders received, changes in the mix of products sold, competitive pricing pressure, the Company's ability to anticipate changes in the market, the availability and timing of funding for the Company's current products, the development of future products and the Company's ability to use intellectual property and protect its patent portfolio. LeCroy undertakes no obligation to publicly update forward-looking statements, whether because of new information, future events or otherwise. Further information on potential factors that could affect LeCroy Corporation's business is described in the Company's reports on file with the SEC.

SOURCE LeCroy Corporation