IEC Announces Resignation of Susan Topel-Samek as Chief Financial Officer; Appoints Vincent A. Leo Interim Chief Financial Officer

IEC Electronics

announced today the resignation, effective January 2, 2011, of its chief financial officer, Susan Topel-Samek. Ms. Topel-Samek informed the Company that she had reluctantly decided to leave her position for personal reasons and to explore other opportunities that would allow for a different work/life balance. "We are sorry to lose Ms. Topel-Samek," said W. Barry Gilbert, chairman and chief executive officer, "as she is a valued member of the management team, but we understand the situation and wish her well." Ms. Topel-Samek said, "IEC is a great company, and my experience here has been rewarding. I wish them the best." The Company has named Vincent A. Leo as interim chief financial officer, and will be conducting a search for Ms. Topel-Samek's successor. Mr. Leo will work under a contract between the Company and Insero & Company, where he remains a principal.