The president and chief executive officer of Simi Valley's Whittaker Corp. has resigned his posts, citing personal reasons.
Officials at the 350-employee communications and aerospace company said Monday that Thomas A. Brancati, Whittaker's president since 1993 and its CEO since 1995, will be replaced immediately.
Whittaker Chairman Joseph F. Alibrandi has been chosen as the company's new CEO, a position he held before Brancati's appointment.
Company spokesman James B. Schultz said Brancati resigned to spend more time with his family. Brancati will continue to work with the company as a consultant.
The firm creates electronic products for the telecommunications, aerospace and defense industries.
Whittaker officials recently announced a loss of $5.95 million during the quarter that ended July 31, the second straight quarter in which the company had lost money.
However, sales during the same quarter were up 40%--from $44.3 million to $62.2 million--compared with the same period last year.