Waterloo, ON, April 26, 2007 - DALSA Corporation, an international leader in high performance digital imaging and semiconductors, today announced changes to its executive team.
Effective September 1, 2007, the board of directors has approved the appointment of Brian Doody to the role of Chief Executive Officer of DALSA Corporation. Savvas Chamberlain will continue to chair the board of directors in the role of Executive Chairman and will continue to advise on the strategic direction of the Company.
"The breadth and depth of Brian Doody's 20+ years experience at DALSA, most recently as Chief Operating Officer, qualifies him for the role of CEO. He understands DALSA's business, technology, industry and company culture. He has the skills to provide a clear and long term strategic vision for the Company and will be able to communicate this strategic vision to employees, investors and other stakeholders," said Savvas Chamberlain, Chairman of DALSA Corporation. "Management succession is a key part of the health of a growing Company. After many years as CEO, this change in my role is part of that evolution. I look forward to my role as Executive Chairman, which will allow me to focus on board related matters and strategic direction."
DALSA's board of directors has approved the establishment of the position of Lead Director, which for 2007 to 2008 will be filled by John Simons. Mr. Simons has been a director of DALSA Corporation since 1995.
John Simons commented, "The leadership and vision provided by Savvas Chamberlain since he founded DALSA in 1980 has been nothing less than spectacular. He has created a vibrant company providing state of the art products world-wide, employing some 1000 people. His contributions were most recently recognized on April 24th 2007 with the award he was given by Ontario Premier Dalton McGuinty for Lifetime Achievement in Innovation. We are pleased that Savvas will continue to advise the Company on strategic technology direction in his role as Executive Chairman."
The Company also announced three additional changes to the executive team:
Commenting on the executive team changes, Dr. Chamberlain added, "I am very pleased with the quality, commitment, and level of experience of our executive team across the company. With such a strong team in place, I am confident that we can further build on our technology leadership position internationally, and achieve our goal of profitable growth. In early May, we look forward to announcing the appointment of a new Chief Financial Officer, which we feel will further complement our strong executive team."
About DALSA Corporation
DALSA is an international leader in high performance digital imaging and semiconductors with more than 1000 employees world-wide. Established in 1980, the Company designs, develops, manufactures, and markets digital imaging products and solutions, in addition to providing semiconductor products and services. DALSA's core competencies are in specialized integrated circuit and electronics technology, software, and highly engineered semiconductor wafer processing. Products and services include image sensor components (CCD and CMOS); electronic digital cameras; vision processors; image processing software; and semiconductor wafer foundry services for use in MEMS, high-voltage semiconductors, image sensors and mixed-signal CMOS chips. DALSA is listed on the Toronto Stock Exchange under the symbol "DSA" and has its corporate offices in Waterloo, Ontario, Canada.
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Director, Corporate Communications
Tel: (519) 886-6001 Ext. 2177