CommScope’s Olson to Retire; Company Initiates CFO Transition Plan
September 18 2017 - 4:15PM
Business Wire
CommScope, a global leader in infrastructure solutions for
communications networks, has announced that Mark Olson, executive
vice president and chief financial officer, intends to retire from
the company, effective March 31, 2018.
CommScope will retain a leading executive search firm to help
identify the company’s next chief financial officer and will
consider internal and external candidates for the role. To ensure a
seamless transition, Olson will assist CommScope in the search
process and with an orderly transfer of finance
responsibilities.
“Mark has made significant contributions to CommScope, first as
corporate controller following the successful Andrew acquisition,
and then as CFO over the last six years,” said CommScope President
and Chief Executive Officer Eddie Edwards. “With Mark’s support, we
have made significant progress on driving efficiencies, solidifying
our robust low-cost capital structure, and positioning the company
for long-term growth. On behalf of the board and management team, I
thank Mark for his service and look forward to working with him as
we transition to a new CFO.”
“I am very proud of our achievements during my 25-year career at
CommScope,” Olson said. “With the solid progress being made on our
three-year BNS integration process, I am confident now is the right
time to begin this transition. It has been an honor to serve as
CommScope’s CFO and to have worked with our exceptional employee
team. I look forward to the company’s continued success under
Eddie’s leadership.”
About CommScope:
CommScope (NASDAQ: COMM) helps companies around the world
design, build and manage their wired and wireless networks. Our
vast portfolio of network infrastructure includes some of the
world’s most robust and innovative wireless and fiber optic
solutions. Our talented and experienced global team is driven to
help customers increase bandwidth; maximize existing capacity;
improve network performance and availability; increase energy
efficiency; and simplify technology migration. You will find our
solutions in the largest buildings, venues and outdoor spaces; in
data centers and buildings of all shapes, sizes and complexity; at
wireless cell sites; in telecom central offices and cable headends;
in FTTx deployments; and in airports, trains, and tunnels. Vital
networks around the world run on CommScope solutions.
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This press release includes forward-looking statements that are
based on information currently available to management,
management’s beliefs, as well as on a number of assumptions
concerning future events. Forward-looking statements are not a
guarantee of performance and are subject to a number of
uncertainties and other factors, which could cause the actual
results to differ materially from those currently expected. In
providing forward-looking statements, the company does not intend,
and is not undertaking any obligation or duty, to update these
statements as a result of new information, future events or
otherwise.
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version on businesswire.com: http://www.businesswire.com/news/home/20170918006361/en/
CommScopeNews Media Contact:Rick Aspan+1 708-236-6568 or
publicrelations@commscope.comorFinancial Contact:Jennifer
Crawford+1 828-323-4970
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