WESTWOOD, Mass., Jun 3, 2002 (BUSINESS WIRE) -- LTX Corporation (Nasdaq: LTXX), a leading supplier of semiconductor test solutions, today announced that its Board of Directors has appointed David G. Tacelli to the position of President and Chief Operating Officer. Mr. Tacelli is responsible for worldwide operations, comprising LTX's sales and marketing, product development, and product delivery. He will continue reporting to Roger W. Blethen, Chairman and Chief Executive Officer of LTX.
Prior to his promotion to President and Chief Operating Officer, Mr. Tacelli served as Executive Vice President since December 1999. He also was Chief Financial Officer and Treasurer from 1998 to 2000 and Vice President of Operations from 1996 to 1998. He has held other leadership positions at LTX in manufacturing, customer service, and sales management. He joined LTX in 1989 after seven years at Texas Instruments in various management positions.
"In his 13 years with LTX, Dave has served in many critical roles," said Roger Blethen, Chairman and Chief Executive Officer. "As Executive Vice President, his management skills and leadership were crucial to the timely development and launch of new products and he spearheaded the move towards a flexible business model through his leadership role in the outsourcing of LTX's manufacturing. As CFO, he was instrumental in implementing the financial and operational restructuring necessary to establish Fusion as the pioneer in single-platform testing. The Board's unanimous approval of this promotion underscores our confidence in Dave's ability to help lead LTX during its next stage of growth."
About LTX
LTX Corporation (Nasdaq: LTXX) is the only semiconductor test equipment company to offer One Test Platform with Zero Compromises, enabling high performance, cost effective solutions across the test spectrum of system-on-a-chip, mixed-signal, digital and analog integrated circuits. With headquarters in Westwood, Mass., the company has additional development facilities in San Jose, Calif., as well as sales, application support and service facilities throughout North America, Europe, the Pacific Rim and Japan. Please visit www.ltx.com for more information on LTX's products, services and technologies, or call 1-888-INFOLTX (1-888 463-6589) for investor information.
LTX is a registered trademark of LTX Corporation.
CONTACT: LTX Corporation
Rich Yerganian, 781.467.5063
rich_yerganian@ltx.com
www.ltx.comM