EXTON, Pa.–(BUSINESS WIRE)–Innovative Solutions & Support, Inc. (NASDAQ: ISSC) is pleased to announce the appointment of Denise L. Devine, CPA, MBA, MST to its Board of Directors as an independent director, effective immediately. Ms. Devine will stand for election at the Company’s next annual meeting of shareholders or until her successor is duly elected and qualified or until her earlier, death, disqualification, resignation, or removal. In connection therewith, Ms. Devine was also appointed by the Board to serve on the Audit Committee. With Ms. Devine’s appointment, the IS&S Board has been expanded to six directors.
Ms. Devine is the founder and, since 2014, has served as the Chief Executive Officer of FNB Holdings LLC, a company dedicated to initiatives in the health and wellness space. She was also founder and has served for more than ten years as the Chief Executive Officer of Nutripharm, Inc., a company that has generated a portfolio of composition and process patents to create innovative natural food, beverage, pharmaceutical and nutraceutical products that facilitate nutrition and lifelong health. Ms. Devine currently serves on the Board of Fulton Financial Corporation (NASDAQ:FULT). Ms. Devine, a certified public accountant, also previously served as Chief Financial Officer for Energy Solutions International and in financial management positions for Campbell Soup Company. She has served as Chair of the Pennsylvania State Board of Accountancy and on the Board of the American Institute of CPAs. Ms. Devine has received numerous honors and awards, including the “Best 50 Business Women in Pennsylvania” Governor’s Award, the Gold Medal Alumnae Award from Villanova University, the Take the Lead Award from the Girl Scouts and the Iris Newman Award from the Alliance of Women Entrepreneurs. She received an MBA from the Wharton School of the University of Pennsylvania, an M.S. in Taxation from Villanova Law School, and a B.S. in Accounting from Villanova University.
“Denise is an accomplished entrepreneur, executive and finance professional with a long track record of building successful businesses, and we welcome her to the IS&S Board,” said Glen Bressner, Chairman of the Board. “Her appointment demonstrates IS&S’s commitment to ensuring our board is composed of directors with relevant skills and expertise to oversee the execution of IS&S’s strategy, and we are confident she will be a valuable addition to the board.”
Dr. Shahram Askarpour, the Company’s Chief Executive Officer said, “Ms. Devine joins us at an exciting time as we continue to execute on long-term strategy, and all of us on the board are looking forward to working with her.”
About Innovative Solutions & Support, Inc.
Headquartered in Exton, Pa., Innovative Solutions & Support, Inc. ( www.innovative-ss.com ) is a U.S.-based company specializing in the engineering, manufacturing, and supply of advanced avionic solutions. Its extensive global product reach and customer base span commercial and military markets, catering to both airframe manufacturers and aftermarket services for fixed-wing and rotorcraft applications. IS&S offers cutting-edge, cost-effective solutions while maintaining legacy product lines. The company is poised to leverage its experience to create growth opportunities in next-generation navigation systems, advanced flight deck and special mission displays, precise air data instrumentation, autothrottles, flight control computers, mission computers and software based situational awareness targeting autonomous flight. Supported by a robust portfolio of patents and the highest aircraft certification standards, IS&S is at the forefront of meeting the aerospace industry’s demand for more sophisticated and technologically advanced products.
