Electro Rent Announces CFO Retirement

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Summary

VAN NUYS, Calif.--(BUSINESS WIRE)--Electro Rent Corporation (Nasdaq: ELRC) today announced that Craig Jones, 69, the company’s Chief Financial Officer, is retiring effective August 31, after a 26-year career with the company. Allen Sciarillo, 50, Electro Rent’s Vice President, Finance will become acting CFO. Electro Rent Corporation (www.ElectroRent.com) is one of the largest global organizations devoted to the rental, leasing and sales of general purpose electronic test equipment, personal computers and servers. These forward-looking statements reflect Electro Rent’s management’s current views with respect to future events and financial performance. Factors that could cause or contribute to these differences include, among others, those risks and uncertainties discussed in Electro Rent’s periodic reports on Form 10-K and 10-Q and in its other filings with the Securities and Exchange Commission.

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