UTStarcom Announces Executive Management and Board Changes
December 31 2020 - 6:00AM
UTStarcom (“UTStarcom” or “the Company”) (NASDAQ:UTSI), a global
telecommunications infrastructure provider, today announced changes
to the Board of Directors and executive management team intended to
prepare the Company for continued growth and new opportunities in
2021 and beyond.
Dr. Zhaochen Huang, who has served as the Company’s Acting Chief
Executive Officer, has been appointed as Chief Executive Officer of
the Company and has also been elected to the Board of Directors,
effective January 1, 2021.
Mr. Tim Ti resigned as Chief Executive Officer and as a member
of the Company’s Board of Directors due to personal reasons on
December 31, 2020. Mr. Ti has served as the Company’s Chief
Executive Officer and as a member of UTStarcom’s Board of Directors
since January 2016.
Dr. Zhaochen Huang joined
the Company in 2011 and has thirty years of business and
management experience with various companies. He previously served
as the Company’s Acting Chief Executive Officer, Chief Operating
Officer, Senior Vice President of Sales and Business Development
for Japan and Korea, Vice-President of Global Operations and
General Manager of UTStarcom India.
"I would like to thank the Board, management team and employees
for their trust and confidence in me," said Dr. Zhaochen Huang, "I
look forward to the opportunity to execute on our strategy and
collaborate closely with the Board, management team, engineers and
service professionals to reposition the Company and realign our
product and service solutions by focusing on our customers' needs
and maximizing shareholder value."
"I have full confidence in Dr. Zhaochen Huang’s ability to lead
UTStarcom into a new era," said Mr. Yongqing Yan, Chairman of
UTStarcom’s Board of Directors. "Zhaochen's leadership and
professionalism, expertise in the technology sector and deep
knowledge of our business make him the ideal choice to take
UTStarcom to the next level."
Yan continued, "On behalf of the Board, I would like to thank
Tim for his work in leading UTStarcom in past five years. We wish
him all the best in his future endeavors.”
About UTStarcom Holdings Corp.
UTStarcom is committed to helping network operators offer their
customers the most innovative, reliable and cost-effective
communication services. UTStarcom offers high performance advanced
equipment optimized for the most rapidly growing network functions,
such as mobile backhaul, metro aggregation and broadband access.
UTStarcom has operations and customers around the world, with a
special focus on Japan and India. UTStarcom was founded in 1991 and
listed its shares on the Nasdaq Market in 2000 (symbol: UTSI). For
more information about UTStarcom, please visit
http://www.utstar.com.
For investor and media inquiries, please
contact:
In China:
UTStarcom Holdings Corp.Tel: +86 571 8192 8888Ms. Ning Jiang,
Investor RelationsEmail: njiang@utstar.com / utsi-ir@utstar.com
In the United States:
The Blueshirt Group Mr. Ralph FongTel: +1 (415) 489-2195Email:
ralph@blueshirtgroup.com
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