San Diego, Calif. — RF Industries, Ltd. (NASDAQ: RFIL) announced today that Johnny Walker, President and Chief Executive Officer, and the Company mutually agreed to terminate his employment with the Company to allow Mr. Walker to attend to family medical needs and to be closer to his residence in Arlington, Texas. Mr. Walker’s last day with the Company will be October 28, 2016.
Mr. Walker joined the Company as President in October, 2014 and was promoted to Chief Executive Officer in January, 2015. Howard Hill, RFI’s former President, CEO and Founder, will serve, without pay, as the Company’s interim President and CEO. A search for a full time President and CEO is already under way.
“We want to extend our best wishes to Johnny Walker and his family. Johnny’s guidance, dedication and support was a significant asset for the Company during our recent transition through a difficult period in RFI’s history,” said Mr. Marvin Fink, Chairman of RF Industries’ Board of Directors.
About RF Industries
RF Industries is a leading designer and manufacturer of innovative interconnect products and complex cable assemblies across diversified, high growth markets including wireless carriers & infrastructure, and industrial. The Company’s products include RF connectors, coaxial and custom cable assemblies, fiber optic cables, and wiring harnesses. The Company’s connectivity products are used throughout the growing and evolving wireless infrastructure. Through its Rel-Tech Electronics, Inc. and Comnet Telecom Supply, Inc. subsidiaries, the Company also manufactures and sells other cabling technologies and data center equipment solutions. The Company is headquartered in San Diego, California with operations in Yaphank, New York, East Brunswick, New Jersey and Milford, Connecticut. Please visit the RF Industries website at www.rfindustries.com.