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Frequency Electronics Inc Replaces CEO

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Frequency Electronics, Inc today is pleased to announce Tom McClelland as Interim CEO, replacing Stanton Sloane who has retired effective July 8, 2022, from the company and its Board of Directors. Tom is Frequency’s Chief scientist and has been with FEI for almost 40 years. He has led the company’s research and scientific efforts for 10 years. He is one of the foremost experts in precision timing and space-related applications. He has the highest level of security clearance with the US government and holds a PhD in physics from Columbia University.

Frequency Electronics Chairman General Lance Lord (ret.) remarks, “We are thrilled to have Tom as our Interim CEO. His expertise in space and timing is one of FEI‘s and our nation’s most vital disciplines for defence and security. Over my career, I have witnessed firsthand the absolutely critical nature of high reliable position, navigation and timing information. Military, commercial and civil space and terrestrial networks are rapidly expanding and precision timing is more relevant now to mission success than ever. FEI is at the leading edge of technology innovation and produces the most sophisticated space and terrestrial products. We are going all out to accentuate our position. We have an extremely talented team to execute this mission. The coming period will affirm our success and extreme focus on protecting the US and our allies in this endeavour. Additionally, the Board has tasked an independent director and former Chairman Russell Sarachek to lead a team to formulate a comprehensive strategic plan for FEI. This is an exciting period for FEI and the space industry and we will be laser-focused on success. We thank Stan for his service to the Company and wish him the best going forward.”

Frequency Electronics Interim CEO Thomas McClelland commented, “I worked closely with Stan for the past 4 years and wish him all the best in retirement. In reflecting on the position which the Board of Directors has asked me to assume, I look back on 38 years at FEI, working to keep FEI’s technology current and to deliver reliable quality products to our customers. I am extremely bullish regarding FEI’s outlook, and look forward to leading a committed workforce at FEI, including a new generation of very talented engineers and scientists.”

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