Bel Fuse Inc. announced that Thomas E. Dooley and Dr. Rita Smith have been appointed to Bel’s Board of Directors. Bel also announced that Robert H. Simandl and Norman Yeung have retired from Bel’s board effective February 19, 2020. Mr. Simandl served on Bel’s board since 1967 and was additionally a committee member on Bel’s Executive and Nominating committees. Mr. Yeung was a member of Bel’s board since 2013. Mr. Dooley, 63, is the former Interim CEO and Chief Operating Officer of Viacom Inc. Dr. Smith a partner at C-Suites Healthcare Advisors, has an extensive track record spanning three decades in strategic resource planning and budgeting, information management systems, case management, and reporting and compliance. As the Senior Vice President of Patient Care Services and Chief Nursing Officer at Jersey City Medical Center/Robert Wood Johnson Barnabas Health for fifteen years, Dr. Smith had P&L responsibility for a staff of 1,500 and an operating budget of $150 million, and led the turnaround from annual multi-million dollar losses to profitability for her operating unit. With the retirement of Mr. Simandl and Mr. Yeung, and the addition of Mr. Dooley and Dr. Smith, the company’s board of directors remains at nine members, eight of whom are independent within the meaning of SEC and NASDAQ regulations. Mr. Dooley and Dr. Smith will stand for election for a three-year term at the Company’s upcoming annual shareholders meeting in May 2020.
Bel Fuse Inc. is a designer, manufacturer and provider of products that power, protect and connect electronic circuits. The Company's segments include Power Solutions and Protection, Connectivity Solutions and Magnetic Solutions. Its power conversion products include internal and external alternating current/direct current (AC/DC) power supplies, DC/DC converters and DC/AC inverters. Its circuit protection products include board level fuses and polymeric positive temperature coefficient (PTC) devices. It offers a line of high speed and harsh environment copper and optical fiber connectors and integrated assemblies. Its magnetics solutions product line includes integrated connector modules (ICMs), power transformers, surface mount device (SMD) power inductors and switch mode power supply (SMPS) transformers, and discrete components-ethernet. Its products are used in the networking, telecommunications, computing, military, aerospace, medical, transportation and broadcasting industries.