Comtech Telecommunications has promoted Michael Porcelain, the Company’s SVP, CFO, to the position of Chief Operating Officer (COO).
Mr. Porcelain will be succeeded in his role by Michael Bondi, who is currently the Company’s VP, Controller. These promotions are effective as of October 1, 2018.
Michael Porcelain, Comtech Telecommunication's Chief
Operating Officer.
Mr. Porcelain has been SVP and CFO of Comtech since March of 2006 and was previously VP of Finance and Internal Audit of Comtech from 2002 to March of 2006. Prior to joining Comtech, Mr. Porcelain was Director of Corporate Profit and Business Planning for Symbol Technologies, a mobile wireless information solutions company, where he was employed from 1998 to 2002. Previously, he spent five years in public accounting holding various positions, including Manager in the Transaction Advisory Services Group of PricewaterhouseCoopers.
Michael Bondi, Comtech Telecommunications Chief Financial
Officer and Senior
Vice President.
Mr. Bondi has been VP, Controller, of Comtech since January of 2004. Prior to joining Comtech, Mr. Bondi served as Assistant Controller at EDO Corporation (“EDO”), which designed and manufactured products for defense, intelligence and commercial markets and provided related engineering and professional services. Prior to his experience at Comtech and EDO, Mr. Bondi worked at the Big 4 accounting firm, KPMG LLP (“KPMG”), from September 1993 to September 2002. As a Senior Manager at KPMG, Mr. Bondi served a variety of public and private companies primarily in the technology and defense markets.
Executive Comment
Fred Kornberg, Chairman and CEO of Comtech, said that for more than 12 years, Michael Porcelain has served with distinction as the company's Senior Vice President, CFO. In recent years, he has assumed broader responsibility for Comtech’s day-to-day operations, while at the same working closely with Mr. Kornberg in developing and implementing the firm's business strategies that have resulted in significant shareholder value. With his deep knowledge of Comtech’s business and his strategic perspective on our industry, Mike is uniquely qualified to serve as the company's COO, which will help to continue to capitalize on the exciting growth opportunities that are ahead.
Mr. Kornberg added, that as Vice President, Controller, Michael Bondi oversees Comtech’s accounting operations, financial reporting and internal controls. He has been with Comtech for nearly 15 years and has always demonstrated strong leadership qualities, outstanding management skills and deep technical accounting knowledge. He is abundantly qualified, has high integrity and is the ideal successor as he provides continuity in this critical role.
