Article: Herley Industries, Inc. Board of Directors Concludes Strategic Alternatives Review To Discuss Conclusions with Investors at a July 22, 2009 Conference in New York.

LANCASTER, Pa., July 22 /PRNewswire-FirstCall/ -- The Board of Directors for Herley Industries, Inc. today announced sweeping changes to its top management leadership.

 
  --  Myron Levy Replaced as Chairman and CEO 
  --  David Lieberman named Chairman of The Board 
  --  Richard Poirier Named Chief Executive Officer and President 
  --  Adm. Edward Walker (Ret.) to continue as Vice Chairman of the Board 
  --  Yonah Adelman Appointed Senior Vice President 
  --  John McClay Selected as General Manager for Herley New England 
  --  Substantial cost reductions to be achieved by eliminating separate 
  corporate office and reduced executive compensation 
 
  --  ...

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