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| Press Release Archives - November 16, 2004 |
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Experienced Industry Veterans Strengthen the Leadership
Team and Manage Company's Tremendous GrowthPETALUMA, CA, Nov. 16th, 2004 -
Turin Networks,
a leading developer and supplier of multiservice transport switching
platforms for telecommunications carriers worldwide, today announced
the appointment of telecom industry veteran Henry Wasik as the
company's new president and chief executive officer (CEO). John
Webley, Turin founder and former president and CEO, has been
named chairman of the board of directors, and has also been
appointed to the newly created position of chief marketing officer
(CMO). In his new role, Webley will direct product strategy
definition, lifecycle management and marketing activities for
Turin.
"Over the past year we have experienced tremendous success,
including doubling our customer base to more than 120 telecommunications
carriers worldwide and signing a new strategic partner" said
Webley. "We look forward to Henry's strong leadership, business
development, and operational experience to help manage the company's
rapid expansion and guide the company to the next level."
Henry joins Turin Networks from Alcatel, where he served as
senior vice president of the Voice Networks/Applications Software
and Solutions businesses. In this role he had global product
line responsibility with multiple R&D and support teams worldwide
- an operation with more than $700 million in revenues in 2003
and over 1,000 employees. In Henry's more than 20 years of experience
in the communications industry, he has played key roles in startup
companies such as Mostek and InteCom, as well as larger players
such as DSC Communications and then Alcatel. He has successfully
led teams to introduce new products for the global telecom industry
including softswitches, STPs, HLRs, and other telecom software
and access infrastructure products. Henry holds an MBA from
the Georgia Institute of Technology, and a Bachelor of Science
degree in Electrical Engineering (summa cum laude) from the
University of Bridgeport.
"I am truly impressed with the solid, industry-proven design
of Turin's Traverse products, the diversity and depth of their
customer base, and the company's talented team of employees"
said Wasik. "Turin is poised for even greater success in the
future as major carriers worldwide look to expand and enhance
their metro optical networks with new service offerings, and
I'm excited to have the opportunity to help build Turin into
a world-class company."
Separately, Turin has also named Dan Steimle to the position
of chief financial officer (CFO). Steimle was formerly CFO of
Advanced Fibre Communications (AFC), which he guided to a successful
IPO in 1996. As Turin's CFO, Dan will strengthen the company's
relationships with investors, as well as provide the rigorous
financial management that is required to build an industry-leading
networking systems company.
Separately, Turin has also named Dan Steimle to the position
of chief financial officer (CFO). Steimle was formerly CFO of
Advanced Fibre Communications (AFC), which he guided to a successful
IPO in 1996. As Turin's CFO, Dan will strengthen the company's
relationships with investors, as well as provide the rigorous
financial management that is required to build an industry-leading
networking systems company.
About Turin Networks
Turin Networks Inc. is a leading developer and supplier of multiservice
optical transport products for telecommunications carriers.
The company's flagship Traverse® multiservice transport
switch provides best-in-class SONET/SDH transport, cross-connect
and Ethernet switching capabilities, enabling more than 120
carriers worldwide to seamlessly streamline, grow and evolve
their optical networks. Founded in October of 1999, Turin is
led by an accomplished management team and is funded by top-tier
venture capital firms as well as distinguished corporate and
private investors. Turin was recently named a "Top Ten Private
Company" for 2004 by Lightreading and one of the "Ten Coolest
Companies of 2004" by Telecommunications® magazine. For more
information, visit www.turinnetworks.com
or call 707.665.4400.
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Media Contact:
Kevin
Wade
Director of Product Marketing
Turin Networks, Inc.
1-707-665-4509
kwade@turinnetworks.com |
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