Centillium Communications Announces Resignation of Chief Financial Officer
January 29 2007 - 4:30PM
PR Newswire (US)
Linda Reddick Named as Interim CFO FREMONT, Calif., Jan. 29
/PRNewswire-FirstCall/ -- Centillium Communications, Inc.
(NASDAQ:CTLM), a leading provider of broadband access solutions,
today announced that J. Scott Kamsler, vice president and chief
financial officer, submitted his resignation effective Feb. 16,
2007 to accept a similar position at another public company. Mr.
Kamsler will assist in the release of the company's financial
results for the fourth quarter and year ended Dec. 31, 2006,
scheduled for Feb. 7, 2007. Linda Reddick, currently Centillium's
corporate controller, has been named as the interim CFO. "We would
like to thank Scott for his important contributions to Centillium,"
said Faraj Aalaei, co-founder and CEO. "As a member of our
executive team, Scott has made valuable contributions throughout
the company in reducing operating expenses and improving inventory
management and gross margin performance. We wish him much success
in his new position," said Aalaei. "We are extremely pleased to
name Linda as our interim CFO. She has been invaluable in her role
as our corporate controller, and with her broad base of financial
experience and expertise, she is well-prepared to take on this new
leadership role and to help Centillium in achieving future growth,"
said Aalaei. Ms. Reddick has over 25 years of financial management
and corporate planning experience with public technology companies
in the telecommunications and semiconductor industries. Prior to
joining Centillium in 2005, Ms. Reddick served in various financial
positions at Avanex Corporation, and as interim chief financial
officer for eighteen months. She was also vice president and
controller at Oplink Communications, Inc., and held various
financial positions at Symmetricom, Inc., including vice president
of finance at the company's semiconductor subsidiary, Linfinity
Microelectronics, Inc. Ms. Reddick is a Certified Public Accountant
and has over ten years of experience in public accounting,
primarily at Deloitte & Touche. She received her Bachelor of
Science degree in Business, with a concentration in Accounting,
from San Jose State University. About Centillium Communications,
Inc. Centillium Communications, Inc. is a leading innovator of high
performance, cost-effective semiconductor solutions that give
consumers, enterprises and service providers the winning edge in
broadband access. The company's complete, end-to-end system-on-chip
solutions accelerate development time-to-market for "last mile"
products with Digital Subscriber Line (DSL), Fiber-To-The-Premises
(FTTP) and Voice-over-Internet Protocol (VoIP) technologies.
Centillium products include digital and mixed-signal integrated
circuits and related software for DSL and FTTP central office and
customer premises equipment and VoIP solutions for carrier- and
enterprise-class gateways and consumer telephony. Centillium is a
global company with headquarters in Fremont, CA. Additional
information is available at http://www.centillium.com/. Safe Harbor
Statement under Private Securities Litigation Reform Act of 1995
This press release includes statements that are forward-looking
statements within the meaning of U.S. federal securities laws. For
example, this press release speaks to Ms. Reddick's ability to help
Centillium achieve future growth. Actual results may differ
materially from those indicated by such forward-looking statements
based on a variety of risks and uncertainties, including without
limitation the risks and uncertainties relating to the rate and
breadth of deployment of broadband access in general, especially
DSL, FTTP and VoIP technologies, and Centillium's technology
solutions in particular; the successful development and market
acceptance of Centillium's new products and technology;
Centillium's dependence on a few significant customers for a
substantial portion of its revenue; Centillium's ability to
continue and expand on its relationships with new customers; the
timing, rescheduling or cancellation of significant customer orders
and Centillium's ability, as well as the ability of its customers,
to manage inventory; and Centillium's ability to attract, retain,
integrate and motivate qualified personnel, including executive
officers such as Linda Reddick. Centillium undertakes no obligation
to update forward-looking statements for any reason. Information
about potential factors that could affect Centillium's financial
results is included in Centillium's Annual Report on Form 10-K and
Quarterly Report on Form 10-Q and in other documents on file with
the Securities and Exchange Commission. NOTE: Centillium
Communications and the Centillium Logo are trademarks of Centillium
Communications, Inc. in the United States and certain other
countries. All rights reserved. DATASOURCE: Centillium
Communications, Inc. CONTACT: Hassan Parsa, Vice President,
Business Development of Centillium Communications, Inc.,
+1-510-771-3624, or ; or Christina L. Carrabino of CLC
Communications, Inc., +1-415-929-9307, or Web site:
http://www.centillium.com/
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