SIMI VALLEY, CA--(Marketwired - May 17, 2013) - Qualstar Corporation (NASDAQ: QBAK) a manufacturer of data storage solutions and high-efficiency power supplies, has appointed Allen Alley, a 30 year veteran, founder and investor in private and public companies, and current independent director of Qualstar, as Chairman of the Board. The company also designated Gerald J. "Bud" Laber, a newly appointed board member with extensive experience as an audit partner at Arthur Andersen, as Chair of the Audit Committee of the Board.
"The appointment of independent industry veterans to key governance positions is yet another step in positioning Qualstar for the future," said Larry Firestone, President and CEO. "Allen's leadership, talent and expertise in the last five months on the board have been a great asset to the Company and we are pleased to have him serve in this new role as Chairman. Additionally, to have such a strong and experienced financial expert as Bud take on the role of Audit Committee Chairman is a significant step forward. This new governance structure reinforces Qualstar's commitment to strong and independent corporate governance for the benefit of our shareholders."
About Qualstar Corporation
Qualstar, founded in 1984, is a diversified electronics manufacturer specializing in data storage and power supplies. The company's products are known throughout the world for high quality and Simply Reliable designs that provide years of trouble-free service. More information is available at www.qualstar.com or www.n2power.com or by phone at 805-583-7744.