FTE Networks Announces Leadership Changes to
Accelerate Innovation in Data Center & Compute to the Edge
Services
Appoints Mike Bonewitz as Chief Technology Officer
NAPLES, FL -- August 24, 2016 -- InvestorsHub NewsWire
-- FTE Networks, Inc. (OTCQX:FTNW)
("FTE" or the "Company"), a leading network infrastructure
solutions provider in technology and communications industries,
today announced leadership changes to accelerate innovation,
enhance customer-centric services and drive FTE into a new phase of
growth. Effective August 24, Mike Bonewitz will assume the role of
Chief Technology Officer (CTO) where he will be responsible for
developing and driving the next generation business of data center
and Compute-to-the-Edge services. Bonewitz replaces Carlie Ancor,
who will transition into supporting the companys major accounts
sales strategy.
Compute-to-the-Edge is the next frontier where mobility, data
analytics, social media and cloud converges, especially as the
Internet of Things (IoT) and decentralized workforces continue to
grow, said Mr. Bonewitz. I look forward to helping transform FTE
into an even more disruptive services provider by accelerating open
and partner-focused solutions with traditional, hyperscale and
hyperconverged customers.
Michael Palleschi, FTE Networks (FTNW)
Chairman and Chief Executive Officer, commented, Mike Bonewitz has
a long track record driving operational and financial performance
in communications companies and networks. His tremendous experience
in data centers and Compute-to-the-Edge services will help advance
our company to the next level and further ensure our success.
Prior to Joining FTE, Mr. Bonewitz held multiple leadership
positions in communications network engineering and information
technology companies, developing cutting-edge capabilities via
advanced IT automation and data analytics driving operational and
financial performance. Most recently, Mike was VP of Strategy and
Product Development for Cloud services, Fiber engineering and
construction at Nexius, where he developed and launched the
companys first fiber deployment program supporting multiple Tier 1
service providers in the US. He also led the company strategy
and participation into Open Compute Project (OCP) as a Platinum
member and as an original member of Facebooks Telcom Infra Project
(TIP). He has held previous technology and engineering
leadership positions focused on NFV/SDN, Network Optimization and
integration with Ericsson, Zayo and Level 3. Mike holds a BS in
Engineering from University of Colorado.
About FTE Networks, Inc.
FTE Networks, Inc. (FTNW),
and its wholly owned subsidiaries, is a leading international
networking infrastructure solutions company. We design, build, and
support telecommunications and technology systems and
infrastructure services for companies including Fortune 500
operating four (4) industry segments; Data Center Infrastructure,
Fiber Optics, Wireless Integration, and Surveillance &
Security. FTE Networks is headquartered in Naples, Florida, with
offices throughout the United States and Europe. For more
information please visit: www.ftenet.com
Forward Looking Statements
This release may contain forward-looking statements relating to
the business of FTE. All statements other than historical facts are
forward-looking statements, which can be identified by the use of
forward-looking terminology such as "believes," "expects" or
similar expressions. These statements involve risks and
uncertainties that may cause actual results to differ materially
from those anticipated, believed, estimated or expected. These
risks and uncertainties are described in detail in our filings with
the Securities and Exchange Commission. Forward-looking statements
are based on FTE's current expectations and beliefs concerning
future developments and their potential effects on FTE. There is no
assurance that future developments affecting FTE will be those
anticipated by FTE. FTE undertakes no obligation to publicly update
or revise any forward-looking statements, whether as a result of
new information, future events or otherwise, except as required
under applicable securities laws.
Contacts:
FTE Networks, Inc.
Kirstin Gooldy, CCO & IR
999 Vanderbilt Beach Rd., Suite 601
Naples, FL 23108
(877) 850-4308
ir@ftenet.com
OTCQX:FTNW
Investor Relations:
Natalya Rudman
Crescendo Communications, LLC
(212) 671-1020, Ext: 304
ftnw@crescendo-ir.com