Dr. Richard Nottenburg to Join Sonus Networks as President and CEO
20 Maggio 2008 - 1:30PM
PR Newswire (US)
Industry Veteran to Drive Next-Generation Communications Leader
into its Next Decade WESTFORD, Mass., May 20 /PRNewswire-FirstCall/
-- Sonus Networks, Inc. (NASDAQ:SONS), a market leader in IP
communications infrastructure solutions, today announced that it
has appointed Richard N. Nottenburg, PhD as the Company's next
President and Chief Executive Officer, succeeding Hassan Ahmed.
Nottenburg, former executive vice president chief strategy and
technology officer of Motorola, Inc. (NYSE:MOT), will join the
Company in mid-June, reporting to the Board of Directors. "Rich is
someone I have known for several years and I am very pleased to
welcome him to Sonus. The Board and I considered many extraordinary
candidates from some of the world's most respected companies as
part of our succession planning. Rich is a truly unique leader with
strong relationships with many of the world's top operators. He
worked closely with senior executives from operators across the
globe during his tenure at Motorola," said Hassan Ahmed, chairman,
president and CEO, Sonus Networks. "Rich's strong focus on
customers along with his strategic sense and business acumen make
him the right leader to profitability grow Sonus into the next
decade. I look forward to working with Rich in this next phase of
our partnership to advance Sonus' position in the industry." As
executive vice president and chief strategy and technology officer
for Motorola, Inc., Nottenburg was responsible for shaping
Motorola's overall corporate strategy and technology agenda. During
his tenure at Motorola, Nottenburg oversaw acquisitions,
divestitures, venture investments, business intelligence and played
a major role in new initiatives centered on broadband and
Fourth-Generation (4G) wireless, fiber-to-the home and next
generation video. Prior to joining Motorola in 2004, Nottenburg was
vice president and general manager of Vitesse Semiconductor
Corporation after its merger in 2003 with Multilink Technology
Corporation, a publicly traded provider of advanced mixed-signal
and VLSI solutions for optical networks. Nottenburg was the co-
founder and chief executive officer of Multilink. Nottenburg was
also influential at industry leader AT&T Bell Laboratories and
is listed as a Lucent pioneer of the 1980s. Nottenburg earned three
degrees in electrical engineering -- a doctorate from the Ecole
Polytechnique Federale de Lausanne in Lausanne, Switzerland, a
master's degree from Colorado State University and a bachelor's
degree from Polytechnic Institute of New York. He serves on the
Board of Directors of Comverse Technology (Pink Sheets: CMVT.PK)
and on the Institutional Advisory Board of Carmel Ventures, one of
Israel's top-tier venture capital funds. "Joining Sonus Networks is
an honor and once-in-a-lifetime opportunity to lead a company that
is changing the way people communicate around the globe. The
potential for Sonus is clear and I am excited to lead this
remarkable company into its next phase of growth," said Nottenburg.
"Hassan is an extraordinary mind who led the beginning of a
profound change in the communications paradigm. We are the
beneficiaries of his incredible breadth of industry knowledge and
deep commitment to nurturing Sonus' growth. I value Hassan's
guidance and experience and know that we will continue to build on
the strong foundation he and the Sonus team have established." Over
the last decade, Hassan Ahmed has grown the Company to annual
revenues of more than $300 million. Sonus is now widely regarded by
industry analysts as the world's leader in carrier-grade IP voice
communications and counts each of the world's five largest
operators as Sonus customers. Under his leadership, revenues have
grown at a compound average rate of over 36% in the last five
years. Ahmed will continue to serve as Chairman of the Board of
Directors of Sonus Networks and additionally serves on the Board of
Directors of Airvana, Inc. (NASDAQ:AIRV). He is also on the Board
of Overseers of the Boston Museum of Science and the advisory
committee of the Lahore University of Management Sciences as part
of his dedication to education around the world. "The last ten
years at Sonus have been an exciting and remarkable period. We
embarked on a mission to change communications networks globally
and I am confident that at this point in Sonus' life there is no
question that will happen. Forging a path to achieve that potential
has been a rewarding experience for me, both personally and
professionally. Rich's leadership and vision for Sonus ensures
Sonus will continue on that path and I am pleased to be a part of
its next decade," concluded Ahmed. About Sonus Networks Sonus
Networks, Inc. is a market leader in IP communications
infrastructure solutions for wireline and wireless service
providers. With its comprehensive IP Multimedia Subsystem (IMS)
solution, Sonus addresses the full range of carrier applications,
including residential and business voice services, wireless voice
and multimedia, trunking and tandem switching, carrier
interconnection and enhanced services. Sonus' voice infrastructure
solutions are deployed in service provider networks worldwide.
Founded in 1997, Sonus is headquartered in Westford, Massachusetts.
Additional information on Sonus is available at
http://www.sonusnet.com/. This release may contain forward-looking
statements regarding future events that involve risks and
uncertainties. Readers are cautioned that these forward-looking
statements are only predictions and may differ materially from
actual future events or results. Readers are referred to Item 1A
"Risk Factors" of Sonus' Quarterly Report on Form 10-Q for the
period ended March 31, 2008, filed with the SEC, which identifies
important risk factors that could cause actual results to differ
from those contained in the forward- looking statements. Risk
factors include among others: the impact of material weaknesses in
our disclosure controls and procedures and our internal control
over financial reporting on our ability to report our financial
results timely and accurately; the unpredictability of our
quarterly financial results; risks and uncertainties associated
with the Company's restatement of its historical stock option
granting practices and accounting including regulatory actions or
litigation; risks associated with our international expansion and
growth; consolidation in the telecommunications industry; and
potential costs resulting from pending securities and patent
litigation against the Company. Any forward-looking statements
represent Sonus' views only as of today and should not be relied
upon as representing Sonus' views as of any subsequent date. While
Sonus may elect to update forward-looking statements at some point,
Sonus specifically disclaims any obligation to do so, unless
required by law. Sonus is a registered trademark of Sonus Networks,
Inc. All other company and product names may be trademarks of the
respective companies with which they are associated. For more
information, please contact: Sonus Investor Relations: Sonus Media
Relations: Jocelyn Philbrook Lucy Millington 978-614-8672
978-614-8240 DATASOURCE: Sonus Networks, Inc. CONTACT: Investors,
Jocelyn Philbrook, +1-978-614-8672, , or Media, Lucy Millington,
+1-978-614-8240, , both of Sonus Networks, Inc. Web site:
http://www.sonusnet.com/
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