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Marc Onetto joins Microvision's Board of Directors; Solectron Executive Brings Leadership and Expertise in Global Supply Chain and Operational Management

REDMOND, Wash.--(BUSINESS WIRE)--March 15, 2006--Microvision, Inc. (Nasdaq:MVIS), today announced that Marc Onetto has joined its Board of Directors. Mr. Onetto is currently Executive Vice President of Worldwide Operations for Solectron, a $10 billion, leading global provider of electronics manufacturing and integrated supply-chain services to OEMs, including the world's leading industrial, consumer, automobile, medical device, computing, networking and telecommunications firms.

"We are thrilled to add someone of Marc's caliber and experience to Microvision's Board," said Alexander Tokman, Microvision President and CEO. "Through the years Marc has consistently demonstrated that he is a strong operator, inspiring leader and real change agent. Marc's extensive experience, knowledge and leadership in establishing and managing global supply chain operations directly supports our business objectives for 2006 and beyond, specifically as related to our new initiatives focused on high-volume OEM product developments. Marc's experience in strategic sourcing and global manufacturing will be particularly beneficial as we progress toward bringing products to market in such areas as automotive head-up displays, and hand-held, head-worn and embedded micro-display solutions for a variety of consumer, business and military applications."

"Microvision has world-class technology with enormous potential and an abundance of exciting applications and opportunities," said Mr. Onetto. "Alex is a demonstrated leader with the skills and experience to put this Company in a position to succeed. This is an exciting turnaround time for Microvision, and I am happy to be a part of its new and reinvigorated team."

Mr. Onetto, 55, joined Solectron in 2003 and has nearly 30 years of experience in supply-chain, operational, finance, IT and quality management. In his current capacity, Mr. Onetto oversees 50,000 employees and is responsible for manufacturing, materials management, quality, new product introduction, information technology, logistics and repair operations. Mr. Onetto joined Solectron as part of a new management team charged with the turnaround of the company. The company has now reported six consecutive profitable quarters and, for fiscal year 2005, reported its first net profit in the last five years.

Prior to Solectron, Mr. Onetto had a distinguished 15-year career with GE, where he most recently was vice president of GE Corporate's European operations. From 1992 through 2002, he held several key top executive leadership positions at GE Medical Systems as the head of its global supply chain and operations, global quality, and global process reengineering. He was one of GE's Six Sigma pioneers and an original leader as he spearheaded the quality culture transformation across GE Medical Systems. Marc's contributions to GE were recognized in Jack Welch's book "Straight from the Gut."

"Marc's addition to the Board represents an important milestone in our recently announced strategy to turn around the Company and improve it at every level to position it for long-term growth and profitability," concluded Tokman.

1 comments:

At March 15, 2006 at 10:23 AM Anonymous said...

I am really excited to see this newly appointed director onboard. I think the company is turning into a GE camp. Even though the road still bit bumpy ahead, but at least it's not a dead end anymore.

After all, I won't be surprise more GE folks get onboard.

 

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