IEC's executive vice president steps down

W. Barry Gilbert, Chairman and CEO of IEC, stated, "We greatly appreciate the contribution Don has made to the Company over the past nine years. During his time with IEC, we have grown from a company with a little over USD 28 million in revenue to a USD 141 million company. Don has resigned for personal reasons and is seeking greater work-life balance. Though we regret his decision, we completely support him. We are pleased that we have a consulting agreement with Don and look forward to continuing to work with him in that capacity."