[August 09, 2004] Savi Technology Appoints Mary Ellen Genovese as CFO; Seasoned Executive To Lead Financial Team as Company Prepares For Next Stage of Growth SUNNYVALE, Calif. --(Business Wire)-- Aug. 9, 2004 -- Savi Technology, Inc., the leading provider of RFID networks for real-time supply chain visibility, asset management and security, today announced the appointment of Mary Ellen Genovese as Chief Financial Officer. Since the year 2000, Genovese has served as chief financial officer of Trimble (Nasdaq:TRMB), a leading provider of advanced positioning solutions (GPS, laser and optical technologies) to the engineering and construction, agriculture, mapping and GIS, fleet management, automotive and wireless communications markets. Genovese was instrumental in numerous acquisitions, raising equity financing, driving the company's cost reduction programs, and standardizing global policies and system-wide financial reporting capabilities. Between 1992 and 2000, Genovese worked at Trimble in a succession of other increasingly responsible executive positions, including as vice president of finance, corporate controller, business unit controller and controller of manufacturing operations. She brings to Savi Technology, a privately held company, a total of more than two decades of public company executive experience building and overseeing strong financial infrastructures and systems, managing acquisitions, driving greater operational efficiencies for growing public companies and establishing strong relationships with the investment community. "During a pivotal time when Savi Technology prepares for its next stage of market growth opportunities, Mary Ellen's background in public high-tech companies will help us continue to drive operational efficiencies and build a solid financial platform from which we can further mature our complete real-time solutions," said Savi President and Chief Executive Officer Vic Verma. "Mary Ellen brings an impressive portfolio of accomplishments and influential relationships across a broad range of financial and operational functions in similar industries, all of which will help to add value to our company." About Savi Technology For more information about Savi Technology, please visit www.savi.com. (TM) -- Savi, and Savi SmartChain are registered trademarks of Savi Technology, Inc. The Savi logo, EchoPoint, Savi SmartSeal and UDAP are trademarks of Savi Technology, Inc. All other trademarks are the property of their respective owners. [ Back To TMCnet.com's Homepage ]