Archived News
July 12 , 2004:
Bolton Named New TEAL President
SL Industries, Inc. (AMEX & PHLX: SLI) announced that Rod Bolton has been named President of TEAL Electronics, a San Diego electronics company that is part of SL Industries’ Power Electronics Group. Rod is no stranger to either the San Diego business community or to growing electronics companies. Since 1985, Rod has been President of APW Electronic Solutions, a Poway based company that designs and manufactures products for the embedded computer market. During Rod’s tenure as President, the company grew from 32 employees and $5 million in annual revenue to more than 600 employees with annual revenues of $80 million.
Rod has been a leader in the San Diego business community for many years. Rod is a past President of the San Diego chapter of the American Electronics Association and has served on the National Board of Directors. Rod also served on the Board of Directors for the San Diego Chamber of Commerce and has served on the Board for both TEAL Electronics and ITECH Corporation. Rod was recognized by the San Diego Business Journal as one of the Who’s Who in San Diego and has received numerous community service awards. "I look forward to the opportunities that TEAL presents. TEAL has been very successful in the past, and some of our challenges include growing the company in additional markets to help diversify our business base" said Rod. Outside of business, Rod has also found the time and energy to be the Founder and President of Scripps Ranch High School Foundation. On a personal note, Rod has completed a dozen marathons, including the 100th Boston Marathon in 1996.
Rod takes the reigns of TEAL Electronics from Jim Taylor, who was recently promoted to Executive Vice President and Chief Operating Officer of SL Industries. Jim commented, "I am very pleased to announce that Rod Bolton has accepted the position of President of TEAL Electronics. Rod has many years of experience and has had much success in growing a company that serves the technology industry. I am confident that under Rod's leadership TEAL will continue to be successful and grow, just like his former company, APW Electronic Solutions."
About TEAL Electronics: TEAL Electronics designs and manufactures Power Subsystems for medical, semiconductor test, and industrial applications. TEAL is one of the larger divisions of SL Industries, and employees around 150-200 in the local San Diego area.
About SL Industries: SL Industries, Inc. designs, manufactures and markets Power and Data Quality equipment and systems for industrial, medical, aerospace and utility applications. For more information about SL Industries, Inc. and its products, please visit the Company’s web site at www.slindustries.com.
Forward-Looking Statements
This press release contains statements that are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on current expectations, estimates and projections about the Company's business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements due to numerous factors, including those described above and the following: the effectiveness of the cost reduction initiatives undertaken by the Company, changes in demand for the Company's products, product mix, the timing of customer orders and deliveries, the impact of competitive products and pricing, constraints on supplies of critical components, excess or shortage of production capacity, difficulties encountered in the integration of acquired businesses and other risks discussed from time to time in the Company's Securities and Exchange Commission filings and reports. In addition, such statements could be affected by general industry and market conditions and growth rates, and general domestic and international economic conditions. Such forward-looking statements speak only as of the date on which they are made, and the Company does not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date of this release.
TEAL Electronics – We Power Technology™
For more information, contact: TEAL Electronics, 10350 Sorrento Valley Road, San Diego, CA 92121, (858) 558-9000, Fax (858) 558-9500, www.teal.com.
Press Contacts:
TEAL Electronics Corporation
Kevin Harris, 858.558.9000, x277
kharris@teal.com
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