Richardson Electronics Hires Pat Fitzgerald to Lead Richardson Healthcare

LAFOX, Ill.--()--Richardson Electronics, Ltd. (NASDAQ: RELL) has hired Pat Fitzgerald to be its Executive Vice President and General Manager of Richardson Healthcare, its newly formed strategic business unit focused on high quality replacement parts for the diagnostic imaging equipment market. Pat is an accomplished and well respected leader in the CT tube market, most recently serving as President of Dunlee, a division of Philips Healthcare responsible for the research, design and manufacturing of high performance replacement tubes for CT, vascular and general radiography.

Pat will have oversight of the strategic direction of Richardson Healthcare which will include new and refurbished CT tubes, flat panel detectors and other related products and services including MRI system amplifier repair. Pat will also take responsibility for the medical display products currently under the North American healthcare segment of Canvys, a division of Richardson Electronics. These products include Image Systems diagnostic imaging hardware used with Picture Archiving and Communication Systems (PACS) as well as operating room/surgical displays and accessories.

“Pat has demonstrated the leadership and strategic vision to develop and deliver the highest quality OEM and replacement tubes for CT and X-ray equipment. Under Pat’s direction, Dunlee developed a number of products and services designed to lower costs for hospitals and healthcare providers. Given the heightened need for hospitals to decrease costs in the face of declining reimbursement rates, Richardson Electronics, with its established global infrastructure, highly technical sales force, and focus on service providers and end customers, is in an ideal position to offer replacement parts and services at lower prices than the Original Equipment Manufacturers (OEMs). Pat’s experience in this area makes him a critical addition to our executive management team,” said Edward J. Richardson, Chairman and CEO of Richardson Electronics.

Prior to joining Dunlee, Pat worked for TREX Medical Corporation, Continental X-Ray Corporation and Eureka X-Ray Tube Corporation. Pat has a Masters of Business Administration from Lake Forest Graduate School of Management and a BA from Western Illinois University.

ABOUT RICHARDSON ELECTRONICS, LTD.

Richardson Electronics, Ltd. is a leading global provider of engineered solutions, power grid and microwave tubes and related consumables, and customized display solutions serving customers in the alternative energy, aviation, broadcast, communications, industrial, marine, medical, military, scientific and semiconductor markets. The Company's strategy is to provide specialized technical expertise and “engineered solutions” based on our core engineering and manufacturing capabilities. The Company provides solutions and adds value through design-in support, systems integration, prototype design and manufacturing, testing, logistics, and aftermarket technical service and repair. More information is available online at www.rell.com.

Richardson Electronics common stock trades on the NASDAQ Global Select Market under the ticker symbol RELL.

Contacts

For Details Contact:
Richardson Electronics, Ltd.
Edward J. Richardson, (630) 208-2340
Chairman and CEO

Release Summary

Richardson Electronics, Ltd. has hired Pat Fitzgerald to be its Executive Vice President and General Manager of Richardson Healthcare.

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Contacts

For Details Contact:
Richardson Electronics, Ltd.
Edward J. Richardson, (630) 208-2340
Chairman and CEO