Mar. 10, 2011 (Business Wire) -- RF Monolithics, Inc. (NASDAQ: RFMI) ("RFM" or the "Company") today announced that RFM's Board of Directors has appointed Farlin A. Halsey President, CEO and a director of RFM. Mr. Halsey's prior position was Senior Vice President of Marketing and M2M Business. Mr. Halsey has over 20 years of industry experience, the last three as an officer with RFM. Prior to joining RFM, Mr. Halsey was VP of Marketing and most recently VP of Corporate Strategy and Alliances for NovAtel, Inc., a leading OEM of precision global navigation satellite system (GNSS) components and subsystems. Prior to NovAtel, Mr. Halsey was VP of Marketing for JP Mobile, a Dallas, Texas based software provider.
Mr. Halsey succeeds Mr. David M. Kirk, who will continue his employment until March 31, 2011 to facilitate the transition of his responsibilities to Mr. Halsey. Mr. Kirk resigned to become the President, CEO and a director of Murata Electronics North America, Inc., a subsidiary of Murata Manufacturing Co., Ltd., (6981.OSE/TSE).
William L. Eversole, RFM's Chairman said, "We appreciate David's dedicated leadership over the past 12 years. He saw the Company through a variety of business cycles and recently worked with RFM's team to stabilize the Company in the wake of the economic collapse. We wish him well in his new position and look forward to continuing to work with David and Murata, given the continued emergence of the RFM/Murata business collaboration. In connection with David's move, we have modified our agreements with Murata in ways designed to strengthen the relationship and the revenue potential for both companies." Mr. Eversole added, "Fortunately, RFM has in place a comprehensive succession plan which had identified Mr. Halsey as an outstanding succession candidate for CEO, which should facilitate a smooth transition. Additionally, we're pleased that David Crawford, RFM's Vice President of Sales, is being named as Vice President of Sales and Marketing."
Mr. Halsey said, "I am pleased and honored to step into the CEO role and lead the high quality team at RFM. I believe we are well positioned for growth given the opportunities in our base business, and our new strategic programs, both internally developed as well as through collaborations, such as we have with Murata. We intend to provide additional information regarding our vision and strategic plan during our earnings release and conference call scheduled for later this month."
RF Monolithics, Inc., headquartered in Dallas, Texas, is a provider of solutions-driven, technology-enabled wireless connectivity for a broad range of wireless applications—from individual standard and custom components to modules for comprehensive industrial wireless sensor networks and machine-to-machine (M2M) technology.