SANTA CLARA, Calif.,
Oct. 31, 2011 /PRNewswire/ -- Aviat
Networks, Inc. (NASDAQ: AVNW), a leading expert in wireless
transmission solutions, today appointed Edward J. ('Ned') Hayes,
Jr. as senior vice president and chief financial officer. In this
role, Mr. Hayes will oversee the company's global financial and IT
operations.
"Ned has significant public company experience. Serving in
previous CFO posts, he has consistently demonstrated the ability to
make transformative business and financial decisions that move
companies along their strategic agenda," said Michael Pangia, president and chief executive
officer of Aviat Networks. "His addition to our management team
will further enhance our ability to drive the business forward,
translate operational efficiencies into improved financial
performance, and execute with a focused momentum and renewed
energy."
Mr. Hayes, incoming CFO, said, "Aviat Networks is a recognized
technology leader in the mobile backhaul market with a long history
of loyal customers and innovative products and solutions. The
company has a proven track record of success, recently
refocused itself on its core competencies, a strong management team
and a solid balance sheet. I believe that Aviat Networks
is well positioned for future growth and profitability and I look
forward to supporting the company in its plans to create
shareholder value."
Prior to his appointment at Aviat Networks, Mr. Hayes spent the
last five years as the chief financial officer at Pillar Data
Systems, Inc., an enterprise data storage company, until its
recent acquisition by Oracle Corporation. In this capacity, he
transformed the finance group into a world-class organization and,
along with the management team, restructured global operations to
drive revenue growth, operating expense optimization and cash
management. Before joining Pillar Data, he served as executive vice
president and chief financial officer of Quantum Corporation, a
$1B data storage company publicly
traded on the NYSE. Mr. Hayes also served as president and chief
executive officer of DirecTV Broadband, Inc., an internet service
provider and executive vice president and chief financial officer
of Telocity, Inc., an internet service provider which the
management team took public in March of 2000 and then sold to
DirecTV in March of 2001. Prior to his position at Telocity, he
served as the financial vice president and chief financial officer
in two of Lucent Technologies' largest divisions, including the
$25 billion Global Service Provider
Business. He has also held senior financial management positions at
other multi-national companies such as Unisys Corporation, Asea
Brown Boveri (ABB), and Credit Suisse First Boston. He has
previously served as an independent director and Chair of the Audit
Committee of New Wave Research, Inc. and as an independent director
of and Chair of the Audit Committee of NPTest, Inc.
Mr. Hayes currently serves on the board of Super Micro Computer,
Inc. as an independent director and Chair of the Audit Committee
and as an independent director and non-executive Chairman of the
Board of Alaska Communications Systems. Mr. Hayes received
his undergraduate degree from Colgate
University in New York and
conducted his graduate studies at New York
University's Graduate School of Business. He will report
directly to Michael Pangia, Aviat
Networks president and chief executive officer.
John Madigan, vice president,
corporate controller and principal accounting officer who served as
interim CFO since August, will remain in his position reporting to
Mr. Hayes.
About Aviat Networks, Inc.
Aviat Networks, Inc. is a leader in wireless transmission
solutions. We apply innovation and IP networking expertise toward
building a carrier class foundation for future mobile and fixed
broadband networks. With more than 750,000 systems installed around
the world, Aviat Networks has built a reputation as a leader in
offering best-of-breed solutions including LTE-ready microwave
backhaul and a complete portfolio of service and support options to
public and private telecommunications operators worldwide. With a
global reach and local presence in more than 46 countries, Aviat
Networks works by the side of its customers allowing them to
quickly and cost effectively seize new market and service
opportunities. Aviat Networks, formerly Harris Stratex Networks
Inc., is headquartered in Santa Clara,
California and is listed on NASDAQ (AVNW). For more
information, please visit http://www.us.aviatnetworks.com/or join
the dialogue at www.twitter.com/aviatnetworks and on our corporate
blog at http://blog.aviatnetworks.com/
SOURCE Aviat Networks, Inc.