WEST WARWICK, R.I.--(BUSINESS WIRE)--AstroNova, Inc. (NASDAQ: ALOT), a global leader in data visualization technologies, today announced that it has appointed Jean A. Bua, Executive Vice President and Chief Financial Officer of NETSCOUT SYSTEMS, INC. (NASDAQ: NTCT), to its Board of Directors as a new independent director, effective immediately and also announced that April Ondis has stepped down from the Board.
“We are delighted to welcome Jean to the Board as our fifth independent director,” said Greg Woods, AstroNova’s President and Chief Executive Officer. “She is well-versed in digital technology and has a track record of success in strategic planning, M&A and integration for high-growth global companies. Her financial acumen, corporate governance experience and technology background will be highly valuable to the Board as we execute on our long-term growth initiatives. At the same time, we are grateful to April for her service and commitment to the Board during the past three years.”
Ms. Bua, 60, has significant experience in the areas of accounting policy, internal controls and risk management. She has served as CFO and Treasurer of NETSCOUT since 2011, and is responsible for investor relations, treasury, financial planning and analysis, real estate development, accounting and compliance. A financial expert, Ms. Bua also is a member of the Board of Directors of CoreSite Realty Corporation, where she serves on the audit committee and nominating and governance committee.
“I’m honored to join the AstroNova Board and look forward to contributing my financial skills and governance expertise to helping the Company extend its leadership in data visualization,” Ms. Bua said.
Before joining NETSCOUT in 2010, Ms. Bua was Executive Vice President, Finance and Treasurer of publicly traded American Tower Corporation, where she worked from 2005 to 2010. Prior to that she spent nine years at publicly traded Iron Mountain Inc., most recently as Senior Vice President, Finance and Chief Accounting Officer. Ms. Bua also has served in senior roles at Duracraft Corp. and Keithley Instruments. She began her career as an auditor for KPMG and was a management consultant at Ernst & Young.
Ms. Bua earned a Bachelor of Science in Business Administration, summa cum laude, from Bryant University and a Master of Business Administration from the University of Rhode Island.
AstroNova, Inc. (NASDAQ: ALOT), a global leader in data visualization technologies since 1969, designs, manufactures, distributes and services a broad range of products that acquire, store, analyze and present data in multiple formats. The Product Identification segment offers a variety of hardware and software products and associated supplies that allow customers to mark, track and enhance the appearance of their products. The segment’s two business units are QuickLabel®, the industry leader in tabletop digital color label printing and TrojanLabel®, an innovative leader for professional label presses and specialty printers. The Test and Measurement segment includes the Test & Measurement business unit, which offers a suite of products and services that acquire, record and analyze electronic signal data from local and networked sensors. The segment also includes the AstroNova Aerospace business unit, which designs and manufactures avionics equipment and systems that serve the world’s aerospace and defense industries with proven advanced airborne technology solutions for both the cockpit and the cabin. The key products include flight deck printers, networking hardware and related accessories. AstroNova is a member of the Russell Microcap® Index and the LD Micro Index (INDEXNYSEGIS: LDMICRO). Additional information is available by visiting www.astronovainc.com.
Information included in this news release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are not statements of historical fact, but rather reflect our current expectations concerning future events and results. These statements may include the use of the words “believes,” “expects,” “intends,” “plans,” “anticipates,” “likely,” “continues,” “may,” “will,” and similar expressions to identify forward-looking statements. Such forward-looking statements, including those concerning the appointment of Jean A. Bua as an independent director, involve risks, uncertainties and other factors, some of which are beyond our control, which may cause our actual results, performance or achievements to be materially different from those expressed or implied by such forward-looking statements. These risks, uncertainties, and factors include, but are not limited to, those factors set forth in the Company’s Annual Report on Form 10-K for the fiscal year ended January 31, 2018 and subsequent filings AstroNova makes with the Securities and Exchange Commission. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. The reader is cautioned not to unduly rely on such forward-looking statements when evaluating the information presented in this news release.