Business News
Navarre Corporation Announces the Nomination of Kathleen P. Iverson for Election to Its Board of Directors
2008-07-25 08:00:00
Navarre Corporation Announces the Nomination of Kathleen P. Iverson for Election to Its Board of Directors
MINNEAPOLIS, July 25 /EMWNews/ -- Navarre Corporation (Nasdaq: NAVR) a publisher and distributor of physical and digital home entertainment and multimedia software products, today announced that Kathleen P. Iverson has been nominated to stand for election to its board of directors. Ms. Iverson will stand for election by the shareholders of the company at Navarre's next annual shareholders' meeting, scheduled for September 11, 2008. Since January 2003, Ms. Iverson has been the President and Chief Executive Officer of CyberOptics Corporation, a manufacturer of optical process control sensors and measurement inspection systems used in the electronics assembly equipment and semiconductor industry. She joined CyberOptics in January 2002 as its President and Chief Operating Officer. Previously, Ms. Iverson was employed by Rosemount, Inc., a multinational manufacturer of high performance instrumentation for the processing industries and a subsidiary of Emerson Electric Co., from 1979 through December 2001, and held various finance and leadership positions, including Vice President/General Manager, Worldwide Temperature. Ms. Iverson is also a Director of CyberOptics Corporation and has served in such capacity since May 1998. Eric Paulson, Chairman of the Board of Directors, stated "Kathleen will bring a wealth of managerial experience and financial expertise to our board. Additionally, we anticipate that the inclusion of another public company CEO to our board will provide new insight and perspectives. We look forward to Kathleen's election by our shareholders as well as to her future contributions to Navarre's strategic vision." With the election of Ms. Iverson and the other incumbent nominees, Navarre's board would continue to have nine members, including seven independent directors. The company's annual shareholders' meeting is scheduled to be held at Navarre Corporation's corporate headquarters, located at 7400 49th Avenue North, New Hope, MN, at 3:00 p.m., local time, on Thursday, September 11, 2008.
About Navarre Corporation
Navarre(R) Corporation (Nasdaq: NAVR) is a publisher and distributor of
physical and digital home entertainment and multimedia products, including
PC software, DVD video, video games and accessories. Navarre develops,
licenses and publishes home entertainment and multimedia content through
its Encore, BCI, and FUNimation subsidiaries and has established
distribution relationships with customers across a wide spectrum of retail
channels. Navarre was founded in 1983 and is headquartered in New Hope,
Minnesota. Additional information regarding Navarre can be found at
http://www.navarre.com.
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