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Stock impact report

Comtech Announces CEO Transition and Comprehensive Transformation Initiatives

Comtech Telecommunications Corp. (CMTL) 
Last comtech telecommunications corp. earnings: 3/4 04:02 pm Check Earnings Report
US:NASDAQ Investor Relations: comtechtel.com/ir.cfm
Company Research Source: Business Wire
Appoints Kenneth H. Traub as President and Chief Executive Officer, Effective ImmediatelyCommences Comprehensive Transformation to Immediately Strengthen Company CHANDLER, Ariz.--(BUSINESS WIRE)--Jan. 13, 2025-- Comtech Telecommunications Corp. (NASDAQ: CMTL) (“Comtech” or the “Company”), a global communications technology leader, today announced that its Board of Directors (the “Board”) has named Ken Traub as President and Chief Executive Officer, replacing John Ratigan effective immediately. Mr. Traub joined the Comtech Board on October 31, 2024 and became Executive Chairman on November 27, 2024.Mr. Traub is leading a comprehensive transformation of Comtech. Some highlights of this transformation include:Operational Discipline and Rightsizing. Comtech is taking decisive action to improve processes, streamline product lines, optimize staffing and sharpen its organizational focus. These actions are expected to result in significant cost savings and working capital efficiencies, par Show less Read more
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