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Guerrilla RF Appoints Virginia Summerell to the Board of Directors
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Very Positive)
Tags
management
Rhea-AI Summary
Guerrilla RF, Inc. (OTCQX: GUER) has appointed Virginia R. Summerell to its Board of Directors effective February 20, 2023. Summerell, the second female board member, brings over 30 years of finance and corporate leadership experience, particularly from her tenure at Tanger Outlet Centers, Inc. (NYSE: SKT). Her expertise in guiding Tanger's transformation to a publicly traded entity will be leveraged as Guerrilla RF prepares to uplist to a senior stock exchange. This strategic appointment supports Guerrilla RF's growth strategy in high-growth markets like wireless and automotive sectors.
Positive
Virginia R. Summerell's appointment strengthens Guerrilla RF's Board of Directors with enhanced financial expertise.
Summerell's experience with publicly traded companies will support Guerrilla RF's uplisting plans.
Negative
Concerns may arise regarding the continuity of leadership experience as the company undergoes changes.
GREENSBORO, N.C.--(BUSINESS WIRE)--
Guerrilla RF, Inc. (OTCQX: GUER), a leading provider of state-of-the-art RF and microwave communications solutions, today announced the appointment of Virginia R. Summerell to its Board of Directors effective February 20, 2023. Summerell is Guerrilla RF’s second female board member, and she is part of an increasingly diverse board. As Guerrilla RF executes its plans for growth, the company intends to draw on Summerell’s financial expertise gained from her leadership at Tanger Outlet Centers, Inc. (“Tanger”) (NYSE: SKT). Her experience at Tanger, involving the company’s evolution from a privately held family business to a publicly traded company, is expected to be especially helpful as Guerrilla RF prepares to uplist to a senior stock exchange this year.
Guerrilla RF has appointed Virginia R. Summerell to its Board of Directors. (Graphic: Business Wire)
“We are pleased to welcome Virginia to Guerrilla RF,” said Ryan Pratt, CEO. “Her knowledge of complex financial transactions, acquisitions, development, and insights in raising capital will be invaluable as Guerrilla RF enters its tenth year. Guerrilla RF recognizes that diverse teams generate better strategy, better innovation, and better business outcomes, so we are especially thrilled about Virginia’s appointment.”
“It is an exciting time to join Guerrilla RF and be a part of a growing company with strong core values,” commented Summerell. “The wireless, automotive, satellite, aerospace, and defense markets are going through considerable change and innovation, and Guerrilla RF is well positioned to disrupt, lead, and scale in these large and high-growth markets. I look forward to partnering with Ryan and the rest of the board to help guide the company and maximize the opportunities ahead.”
Summerell brings over 30 years of experience in the finance and real estate industry. Her expertise lies in corporate leadership and financial management, with a long track record of effective team management. She served as Senior Vice President of Finance & Treasurer at Tanger, a leading operator of upscale open-air outlet centers that manages a portfolio of 36 centers in 20 states and Canada. During her tenure at Tanger from 1992 to 2021, she helped create a best-in-class balance sheet and helped guide the company through an IPO – transforming Tanger from a privately held family business to a publicly traded investment grade real estate investment company with more than $1 billion in public debt and over $800 million in syndicated bank debt facilities. Previously, Summerell was a Vice President at Bank of America and served in various leadership roles from 1983 until 1992, with a focus on real estate, corporate banking, commercial lending, and bank center management.
Summerell holds a bachelor’s degree in economics from Davidson College and an MBA from the Babcock School at Wake Forest University.
About Guerrilla RF, Inc. Founded in 2013, Guerrilla RF, Inc. develops and manufactures high-performance state-of-the-art radiofrequency (RF) and microwave communication solutions for wireless OEMs in multiple high-growth market segments, which include network infrastructure for 5G/4G macro and small cell base stations, cellular repeaters/DAS, automotive telematics, military communications, navigation, and high-fidelity wireless audio. The Company has an extensive portfolio of 100+ high-performance RF and microwave semiconductor devices with 50+ new products in development. As one of the fastest growing semiconductor firms in the industry, Guerrilla RF drives innovation through its R&D to commercialization initiatives and focuses on product excellence and custom solutions to underserved markets. To date, the Company has shipped over 150 million devices and has repeatedly been included in Inc. Magazine’s annual "Inc. 5000" list. Guerrilla RF recently made the top "Inc. 500" list for the second year in a row. For more information, please visit https://guerrilla-rf.com or follow the Company on Twitter and LinkedIn.
Forward-Looking Statements
This press release may contain forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995, which statements are inherently subject to risks and uncertainties. Forward-looking statements include projections, predictions, expectations, or beliefs about future events or results or otherwise are not statements of historical fact. Such statements are often characterized by the use of qualifying words (and their derivatives) such as “expect,” “believe,” “estimate,” “plan,” “project,” “anticipate,” or other statements concerning opinions or judgments of the Company and its management about future events. You should not place undue reliance on forward-looking statements because they involve known and unknown risks, uncertainties, and assumptions that are difficult or impossible to predict and, in some cases, beyond the Company's control. Actual results may differ materially from those in the forward-looking statements as a result of several factors, including those described in the Company's filings with the SEC available at www.sec.gov. Forward-looking statements speak only as of the date they are made. The Company undertakes no obligation to revise or update information in this release to reflect events or circumstances in the future, even if new information becomes available.
What is the significance of Virginia R. Summerell's appointment to Guerrilla RF?
Summerell's appointment is significant as it brings essential financial expertise and diversity to the board, which is crucial for Guerrilla RF's growth and uplisting strategies.
How does Virginia R. Summerell's experience at Tanger Outlet Centers impact Guerrilla RF?
Her experience in transforming Tanger from a private to a public company is expected to be invaluable as Guerrilla RF aims for a similar transition.
When was Virginia R. Summerell appointed to Guerrilla RF's Board of Directors?
Virginia R. Summerell was appointed to the Board of Directors of Guerrilla RF on February 20, 2023.
