|TeleCommunication Systems Announces Appointments of Don C. Bell, III and Michael P. Madon to Its Board of Directors|
ANNAPOLIS, Md., March 3, 2015 – TeleCommunication Systems (TCS) (NASDAQ: TSYS), a world leader in secure and highly reliable wireless communication technology, today announced that it has expanded the size of its board of directors from eight to nine members with the appointments of Don C. Bell, III and Michael P. Madon. The Board also has elected Weldon H. Latham to be lead independent director, and TCS Executive Vice President and Chief Operating Officer Richard A. Young has resigned from the Board. The appointments and resignation became effective on March 1, 2015.
Technology entrepreneur Don Bell has been a private investor since 2011. He is currently a board director of Wireless Telecom Group (WTT). Previously in his career, he co-founded and subsequently sold an internet marketing firm, has been a member of the investment banking division of Goldman Sachs and a senior executive at Goldman Sachs Capital Partners portfolio companies.
Michael Madon is a seasoned cyber and intelligence professional. Before joining RedOwl Analytics as vice president, he was the Deputy Assistant Secretary in the U.S. Treasury’s Office of Intelligence and Analysis (OIA).
TCS Chairman, President and Chief Executive Officer Maurice B. Tose said: “Don and Michael are welcomed additions to our Board, bringing relevant industry expertise and fresh ideas. Likewise, we are grateful to departing Board member, Richard A. Young, for his years of insightful contribution.”
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