Boston, MA 05/12/2014 (wallstreetpr) – Technology solution provider, Black Box Corporation (NASDAQ:BBOX), has announced a number of leadership changes aimed at steering the company into the right direction of accelerated growth. The latest changes demonstrate the company’s commitment in ensuring shareholders and clients get true value of their investments and confidence in the company.
Leadership Changes
Julie Lyda as a result of the changes, has been promoted to be the company’s Vice president responsible for strategic initiatives. Under the new capacity Ms. Lyda will be responsible for foreseeing development and implementation of programs aimed at ensuring organization transformation of the company. Ms. Lyda will now be reporting directly to the company’s CEO Mike McAndrew with her first assignment being to foresee the analysis and improvement of Black Box Corporation (NASDAQ:BBOX)’s Services and business sales process.
Julie Lyda has risen over the ranks in her 20 years in the company with his recent assignment being the company’s Vice President Worldwide Technology Products Solutions. She is accredited to have overseen the transformation of the product business through investment and implementation of new initiatives.
Josh Whitney has also been promoted to the post of Vice President for Technology Products solutions. Mr. Whitney will be responsible for accelerating growth of the products business through initiation of innovative solutions and be required to implement a global go-to-market approach.
Mr. Whitney has been with the company for 6 years. The company’s global product solution platform continues to be the major differentiator in the industry. The newly appointed team is expected to spearhead growth to improve upon the company’s competitive advantage.
Q4 impressive earnings
The announcement comes as Black Box Corporation (NASDAQ:BBOX) reported impressive quarterly results that beat consensus estimates having initiated a number of programs that continue to build more scalable product and service platforms. Earnings per share for the quarter came in at $0.48 beating analysts’ estimates of $0.46.
Revenue for the quarter was slightly above last year same period of $237.7 million coming in at $238.3 million but 1% down sequentially. Black Box Corporation (NASDAQ:BBOX) is now targeting revenues of between $240 million and $245 million for the first quarter of 2015 with operating earnings per share in the range of between $0.40 and $0.45.
