AstroNova Appoints David S. Smith as CFO

1/17/18

David S. Smith

WEST WARWICK, R.I.--(BUSINESS WIRE)--AstroNova, Inc. (NASDAQ: ALOT), a global leader in data visualization technologies, today announced that its Board of Directors has elected David S. Smith as Vice President, Treasurer and Chief Financial Officer (CFO), effective January 22, 2018. Joseph P. O’Connell, the Company’s Interim CFO since August 2017, will return to his position as Vice President, Business Development and assist Mr. Smith through the filing of the Company's annual report.

“David brings a valuable blend of financial acumen and operational skill to AstroNova,” said Greg Woods, the Company’s President and Chief Executive Officer. “He is a proven leader whose financial experience with diverse, global businesses, strong operations background and M&A expertise are a great fit with our long-term growth strategy.”

During his more than 25 years of financial leadership experience at public manufacturing companies, Mr. Smith has served as CFO for multinational companies Dover Corporation and Crane Co. From 2005 to 2008 he was Senior Vice President and CFO of semiconductor company Standard Microsystems Corporation. Most recently, Mr. Smith was a Managing Partner for S.C. Advisors LLC, his financial management consultancy based in Darien, CT. He received his Master's Degree in Business Administration from Wharton School, University of Pennsylvania and his Bachelor of Arts degree from Columbia College, Columbia University.

Mr. Smith’s responsibilities at AstroNova will include oversight of financial and information systems functions, including accounting, budgeting, strategic planning, risk management, tax, treasury and investor relations.

“Under Greg’s leadership, AstroNova has effectively combined organic growth and strategic acquisitions to expand its reach to new customers and new markets worldwide,” Mr. Smith said. “I am delighted to join the strong customer-centric AstroNova team and welcome the opportunity to contribute my financial and operations experience to help drive continued success across all levels of the organization.”

About AstroNova

AstroNova, Inc. (NASDAQ: ALOT), a global leader in data visualization technologies, designs, manufactures, distributes and services a broad range of products that acquire, store, analyze and present data in multiple formats. The Product Identification segment offers a variety of hardware and software products and associated supplies that allow customers to mark, track and enhance the appearance of their products. The segment’s two business units are QuickLabel®, the industry leader in tabletop digital color label printing and TrojanLabel™, a leader in the light-production color label press and specialty printer markets. The Test and Measurement segment includes the Test & Measurement business unit, which offers a suite of products and services that acquire, record and analyze electronic signal data from local and networked sensors. The segment also includes the Aerospace business unit, which makes printers, networking hardware and related accessories. These products are used in the aircraft flight deck to print flight plans, navigation information and performance data and in the aircraft cabin to print maintenance data, receipts and passenger manifests. AstroNova is a member of the Russell Microcap® Index and the LD Micro Index (INDEXNYSEGIS: LDMICRO). Additional information is available by visiting www.astronovainc.com.

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