Watertown, Mass., USA - June 30, 2012, Watertown, Mass., USA - Dynasil Corporation of America, a technology company, announced that Steven K. Ruggieri will resign as CEO and president and as a member of the board of directors, effective July 6, 2012.
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Mr. Ruggieri came to the company in April 2011 from his previous role as director of business operations for Qinetiq North America’s Technology Solutions Group, taking over for Craig Dunham, who retired as CEO but kept his seat on the board of directors.
Before joining the company in 2011, Mr. Ruggieri led business operations at the Technology Solutions Group of Qinetiq North America, a technology innovator for the global defense and security markets and a unit of Qinetiq Group PLC. His prior career experience includes positions at Qinetiq North America’s predecessor company, Foster-Miller Inc., including Chief Operating Officer and Executive Vice President, as well as Senior Vice President of the Power Systems Technology Group, which specializes in robotic systems for hazardous applications.
Mr. Ruggieri earned a B.S. degree in mechanical engineering from Northeastern University.
Dynasil Chairman Peter Sulick will serve as the Company’s Interim Chief Executive Officer and President until a replacement is named by the Board.
Mr. Sulick has been a director of the Company since 2008 and has served as the non-executive Chairman of the Board since September 2009. He chaired the Audit Committee from July 2008 to February 2012, and has served on the Nominating and Governance Committee since 2010. In addition to his new role, Mr. Sulick will remain Chairman of the Board.
Mr. Sulick is President and CEO of AmeriSite, LLC, a family-owned real estate development and Investment Company he founded in 1998 and is the Executive Chairman and former CEO of Prism Microwave, Inc., which provides RF conditioning products for the mobile wireless infrastructure industry. From 1985 to 2002, Mr. Sulick founded and led broadcasting and telecommunications companies that were later acquired by Nextel, T-Mobile and others. ■