Jaco Adds Rappaport and Waldman to BOD

February 08, 2004 by Jeff Shepard

Jaco Electronics Inc. (Hauppauge, NY), a distributor of electronic components to original equipment manufacturers, announced the appointment of Neil Rappaport and Robert Waldman to its board of directors effective February 2, 2004. With the addition of Rappaport and Waldman, Jaco Electronics' board now includes eight directors, five of whom are independent in accordance with the requirements of the Nasdaq Stock Market.

Rappaport, a former vice president of sales for Vitesse Semiconductor, and a member of the founding team at Applied Micro Circuit Corp., has over 35 years of experience in the electronics and technologies industries. Waldman, a former senior partner of the accounting firm Horowitz, Waldman, Berretta and Maldow, has more than 45 years of accounting experience and is currently president of RJW Associates Inc., a financial and tax consulting business.

"We are delighted to welcome Neil and Robert to Jaco's board of directors," stated Chairman and Chief Executive Officer Joel Girsky. "They bring a wealth of industry and financial expertise and experience to our company, and we look forward to the benefit of their advice and guidance as contributing members of our board."