Wood joins Westell's board of directors
AURORA - Westell Technologies announced Cary B. Wood, former president and CEO of Sparton Corp., has been appointed to Westell's board of directors.
Wood will serve as a member of the audit committee. He will replace Martin D. Hernandez, a Westell board member since 2009, who is stepping down from the board.
Wood served as president, CEO and member of the board of directors of Sparton Corp., a global manufacturer of complex and regulated electronic services as well as engineering products in the medical, avionics, industrial, and defense sectors. During Wood's tenure, Sparton's market capitalization doubled for four straight years, bringing shareholders a nearly 2,000 percent return from 2009 to 2013. He also served as interim chief executive officer, chief operating officer, and group vice president for Citation Corp., a privately held $1 billion manufacturer of innovative metal components for the automotive, industrial, and commercial marketplaces.
In addition, Wood has served as vice president of operations for North and South America with Formica Corp., a global provider of residential and commercial surface solutions, as well as executive vice president, vice president of operations and division vice president for the Elkay division of Elkay Manufacturing Coy.
"Cary is a highly accomplished business leader with a demonstrated track record of improving shareholder value in turnaround situations," said Kirk Brannock, President and CEO of Westell Technologies. "We believe Cary's expertise, energy, and focus will be instrumental in positioning the Company for profitable growth. Westell is currently in a strong financial position and we are extremely positive about the future. We look forward to his contributions to the Westell board of directors.
Wood began his career at the Delphi auto-parts unit of General Motors and later served as general manager and plant manager with United Technologies Automotive. He is on the board of Broadwind Energy, an energy industry industrial components firm, and Vishay Precision Group, a precision sensors firm.
Wood received a Master of Business Administration from Loyola University School of Business, a Master of Science in Industrial Operations from Lawrence Technological University School of Management and a Bachelor of Science in Manufacturing Technology from Purdue University School of Technology.
Wood is the second appointment to Westell's board of directors in 2017. In January, Mark A. Zorko, a principal with executive management and business support services firm Brentwood Advisory, LLC, joined the board as Chair of the Audit Committee.