Innovative Solutions & Support Announces New Board Appointment
Innovative Solutions & Support, Inc. (“IS&S” or the “Company”) (NASDAQ: ISSC) is thrilled to unveil the appointment of Denise L. Devine, CPA, MBA, MST, as the newest independent director on its Board of Directors. This decision is effective immediately, marking a significant step in strengthening the Company's leadership.
Ms. Devine’s Background
Denise L. Devine brings a wealth of experience to IS&S. Since 2014, she has been the Chief Executive Officer of FNB Holdings LLC, which focuses on health and wellness initiatives. Furthermore, she was the founder and held the CEO position at Nutripharm, Inc. for over a decade. Nutripharm is recognized for its innovation in natural food, beverage, pharmaceutical, and nutraceutical products—an impressive feat that showcases her entrepreneurial spirit.
In addition to her substantial contributions to the industry, Ms. Devine serves on the Board of Fulton Financial Corporation (NASDAQ: FULT). Her remarkable career includes notable roles such as Chief Financial Officer for Energy Solutions International and various financial management positions with Campbell Soup Company. Her leadership extends to serving as Chair of the Pennsylvania State Board of Accountancy and a position on the Board of the American Institute of CPAs.
Recognitions and Awards
Throughout her career, Ms. Devine has received numerous accolades, which are a testament to her expertise and dedication. These include the “Best 50 Business Women in Pennsylvania” Governor’s Award, the Gold Medal Alumnae Award from Villanova University, and the Take the Lead Award from the Girl Scouts. Her educational background includes an MBA from the Wharton School of the University of Pennsylvania, a Master of Science in Taxation from Villanova Law School, and a Bachelor of Science in Accounting from Villanova University.
A Commitment to Growth
Glen Bressner, Chairman of the Board, expressed enthusiasm for Ms. Devine’s addition, stating, "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. 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.”
Looking Ahead
Dr. Shahram Askarpour, the Company’s Chief Executive Officer, shared his excitement about this new chapter. He noted, “Ms. Devine joins us at an exciting time as we continue to execute on our long-term strategy, and all of us on the board are looking forward to working with her.” Her extensive experience aligns well with IS&S’s vision for future growth and innovation.
About Innovative Solutions & Support, Inc.
Headquartered in Exton, Innovative Solutions & Support, Inc. (NASDAQ: ISSC) is a U.S.-based company specializing in the engineering, manufacturing, and supply of advanced avionic solutions. With a broad global reach, IS&S serves both commercial and military markets, providing products for airframe manufacturers and aftermarket services across fixed-wing and rotorcraft applications.
IS&S is committed to delivering cutting-edge, cost-effective solutions while ensuring the maintenance of its legacy product lines. The company is strategically positioned to capitalize on growth opportunities in next-generation navigation systems, advanced flight deck displays, and precise air data instrumentation, among other key areas. Backed by a robust portfolio of patents and a commitment to meeting the highest aircraft certification standards, IS&S is at the forefront of addressing the aerospace industry's demand for more sophisticated products.
Frequently Asked Questions
Who is the new board member of Innovative Solutions & Support?
The new board member is Denise L. Devine, who has extensive experience in finance and executive leadership.
What roles has Denise Devine held before joining IS&S?
Prior to joining IS&S, Denise Devine was the CEO of FNB Holdings LLC and Nutripharm, Inc., and previously served as CFO of Energy Solutions International.
What are some of Denise Devine's educational qualifications?
Denise Devine holds an MBA from the Wharton School, an M.S. in Taxation from Villanova Law School, and a B.S. in Accounting from Villanova University.
What is the focus of Innovative Solutions & Support, Inc.?
IS&S specializes in advanced avionic solutions, engineering, and manufacturing, catering to both commercial and military aviation markets.
What is the stock ticker for Innovative Solutions & Support?
The stock ticker for Innovative Solutions & Support is NASDAQ: ISSC.
