BigBand Announces Executive Team Changes
March 04 2010 - 4:10PM
Business Wire
BigBand Networks, Inc. (NASDAQ:BBND) today announced changes to
its executive team. These changes are designed to ensure the
company is even more agile in the execution of its strategy for
sustained growth in digital video networking.
BigBand announced Mike Pohl has been appointed as a
non-executive chairman of the board of directors. Mr. Pohl’s
appointment will separate the roles of chief executive officer
(CEO) and Chairman at BigBand. Amir Bassan-Eskenazi will continue
to serve as BigBand’s CEO and will be responsible for executive
management of the company. In addition, Mr. Bassan-Eskenazi will
continue to serve as a member of the board of directors.
“The role of chairman of the board is important and demanding,
especially in light of greater compliance and reporting
requirements. Having an independent chairman elevates our
governance structure to ‘best practices’, which is critical in
today’s business environment,” said Mr. Bassan-Eskenazi. “Mike
brings an immense wealth of experience in guiding companies through
their critical growth cycles, and we are delighted that he has
accepted this important role.”
Mike Pohl was appointed to the BigBand Networks Board of
Directors in April of 2009. Mr. Pohl has more than 25 years of
experience in the telecommunications and cable industries with
companies integral to the development of IPTV, On Demand, and next
generation advertising and infrastructure.
In addition, the company announced that Ray Fitzgerald has been
promoted to vice president, worldwide cable sales, and Wayne
Gaudette will continue to service as vice president, telco sales.
These positions will report directly to Mr. Bassan-Eskenazi.
David W. Heard has resigned as chief operating officer effective
immediately but will remain as a consultant through June 30, 2010.
Sean Rooney has resigned as senior vice president of worldwide
sales but will remain with BigBand through April 1, 2010.
“Today’s business environment requires companies to be more
agile and responsive to evolving market needs. The changes
announced today position BigBand to become more nimble and
responsive to our customers’ needs as well as to more effectively
execute its strategy across the markets it serves. We believe our
customers, employees, and shareholders will benefit from these
changes as we continue our focus on innovation that has enabled
BigBand to be the leader in digital video networking,” added Mr.
Bassan-Eskenazi.
“On behalf of myself, the company and the Board of Directors, I
would like to thank David and Sean for their individual
contributions to the company and wish them well in their future
endeavors,” said Mr. Bassan-Eskenazi.
About BigBand Networks
BigBand Networks, Inc. (NASDAQ: BBND) provides broadband service
providers with innovative network solutions designed to make it
easier to move, manage and monetize video. These solutions are
based on BigBand's video-networking platforms that are built to
enable efficient and reliable delivery across a wide range of
services, including digital TV, high definition TV, advanced
advertising, video-on-demand and interactive TV. BigBand Networks
has done business with more than 200 customers -- including seven
of the ten largest service providers in the U.S. -- and leading
cable and telco service providers in North America, Asia and
Europe. BigBand Networks is based in Redwood City, Calif., with
offices worldwide. For additional information about the company,
please call +1.650.995.5000, email info@bigbandnet.com or visit
www.bigbandnet.com.
This release contains "forward-looking statements" as defined
under the U.S. Federal Securities Laws, including the Private
Securities Litigation Reform Act of 1995 and is subject to the safe
harbors created by such laws. Forward-looking statements may relate
to, but are not limited to the executive team’s ability to execute
the company’s strategy and the anticipated benefits from the
realignment of our management team. Forward-looking statements are
based on current expectations that involve a number of
uncertainties and risks that may cause actual events or results to
differ materially. Factors that could cause actual events or
results to differ materially include, among others, the following:
the ability of the management team to manage the growth in the
business, shifts in customer demand, shifts in strategic
relationships, delays in BigBand’s ability to deliver or decisions
to discontinue its products and services, or announcements by
competitors. These and other risks may be detailed from time to
time in BigBand’s periodic reports filed with the Securities and
Exchange Commission, copies of which may be obtained from
www.sec.gov. BigBand Networks is under no obligation to (and
expressly disclaims any such obligation to) update or alter its
forward-looking statements whether as a result of new information,
future events or otherwise. Information contained in our website is
not incorporated by reference in, or made part of this press
release.
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