Radyne Corp. board of directors has elected Carl Myron Wagner president and CEO. Wagner succeeds Robert C. Fitting who retired Aug. 31. Fitting has agreed to remain on the board.
Wagner comes to Radyne from General Dynamics where he served as vice president and director of engineering for the Space and National Systems Division. Prior to joining General Dynamics, Wagner held several business and engineering management positions within Motorola Inc. Wagner also managed and developed cellular infrastructure interoperability products and software, and was president of a fixed wireless product company.
"Myron Wagner has already demonstrated his ability to grasp the essence of Radyne's operations and strategic strengths," Radyne Chairman C.J. Waylan said. "His broad business and technical background, including the development of large, complex hardware and software products will be key to achieving Radyne's growth goals and earning returns for our shareholders into the future. He is an excellent choice to succeed Bob and to build on his accomplishments."
Fitting took over the management of Radyne in 1995, when the company was climbing out of bankruptcy. Over the next 11 years he led the acquisitions of Comstream, Tiernan Communications, Armer Communications and Xicom Technology and built the company's revenues from $1.5 million to an anticipated $135 million this year. The company's revenue was $103 million in 2005.
Radyne has reportedly more than 300 employees and the Phoenix-based company provides products and software for satellite, microwave and cable communications networks.
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