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Board moves at IEC Electronics

IEC Electronics Corp. said Friday Edward Kay Jr. has joined its board of directors. The Newark, Wayne County, firm also announced Amy Tait will not seek reelection at the 2013 annual meeting of stockholders.

Kay is a CPA who worked with Pricewaterhouse Coopers LLP for 30 years before retiring in June. His roles there included serving as leader of the firm’s technology practice in Dallas, managing partner of the firm’s Upstate New York practice and most recently as managing partner of the Rochester office.

"Ed Kay’s wide and deep experience and wise counsel will be tremendous assets in IEC’s efforts to continue to build stockholder value through growth and improving profitability," said Barry Gilbert, chairman and CEO.

Gilbert also thanked Tait for her service.

“She has been an active and thoughtful contributor, and has played an important role in IEC’s efforts to realize its vision for the future,” he said. “Amy brought considerable insight and expertise from her distinguished career in the real estate investment trust business. We will miss her but understand her conflicting commitments. We wish her well in her future endeavors."

Tait is chairman and CEO of Broadstone Real Estate LLC.

IEC ranked 40th on the most recent Rochester Business Journal list of private-sector employers, with 566 local workers.

Shares of IEC (NYSE: IEC) were trading midday at $6.17, down a dime from Thursday’s close.

(c) 2012 Rochester Business Journal. To obtain permission to reprint this article, call 585-546-8303 or email rbj@rbj.net.

 

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