ALBUQUERQUE, N.M., June 2, 2015 (GLOBE NEWSWIRE) -- Applied Research Associates, Inc. (ARA) shareholders have elected Steven K. Ruggieri to the company's board of directors. Ruggieri has more than 35 years of experience building and managing technology development and product businesses for both government and commercial markets.
"Steve has a proven track record of transforming intellectual property into products and bringing those products to market, an important strategic initiative at ARA. We look forward to the expertise and perspectives he will bring to the ARA board," said Scott Blouin, ARA senior vice president and chair of the ARA Board Nominating/Governance Committee, which led the search for a new director.
Ruggieri served as chief operating officer at Foster Miller, later Qinetiq Technology Solutions Group, from 2003-2010 where he directed Research and Development, Engineering, and Product Operations. At Foster Miller, Ruggieri managed contract research programs in a wide variety of technology areas for numerous government agencies. His 32-year track record there involved responsibility and direction for all phases of building engineering business groups including identifying acquisitions and transitioning R &D to products. Following that, Ruggieri became the chief executive officer at Dynasil Corporation.
Ruggieri holds a B.S. degree in Mechanical Engineering from Northeastern University (NU). He currently teaches engineering leadership at NU's Graduate College of Engineering, serves as an advisor to start-up companies, and is a member of the Launchpad Venture Group, a Boston-based angel investing group that provides funding and advice to innovative technology start-ups.
Ruggieri fills the vacancy on ARA's board created upon the retirement of John J. Healey, Ph.D. who served as ARA Director since 2003, as Chairman of the Board since 2010, and is now a director emeritus.
"ohn will be sorely missed," comments ARA Chief Executive Officer Rob Sues. "In addition to guiding the board for many years and ensuring focus on key areas of risk management, succession planning, and strategy development, John advocated for strong leadership development programs at ARA. John actively engaged to ensure we are effectively building leaders for the future at all levels of the company. His guidance and vision were assets to ARA."
About Applied Research Associates, Inc.
Applied Research Associates, Inc. is an international research and engineering company recognized for providing technically excellent solutions to complex and challenging problems in the physical sciences. Our mission is to provide in-depth and diversified research, engineering, and technical support services. We have a broad range of technical expertise in biomedical engineering, defense technologies, civil engineering, computer software and simulation, systems analysis, and environmental technologies. For additional information, please visit http://www.ara.com.
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CONTACT: Ellen Gallegos, ARA Marketing Director 505.214.8217
Source:Applied Research Associates, Inc.