Redback Networks Names Beth Frensilli as Vice President and General Counsel
January 26 2006 - 7:30PM
Business Wire
Redback Networks Inc. (Nasdaq:RBAK), a leading provider of
next-generation broadband networking systems, today announced the
addition of Beth Frensilli as vice president and general counsel.
Reporting to the chief executive officer, Kevin DeNuccio, Ms.
Frensilli will assume responsibility for worldwide legal affairs at
Redback. Ms. Frensilli brings more than 15 years of legal
experience, including most recently senior management positions at
technology companies Commerce One, Inc. and Scient Corporation. In
accordance with NASDAQ Marketplace Rule 4350, Redback granted
inducement stock options for Ms. Frensilli. The options are
classified as non-qualified stock options with an exercise price
equal to fair market value on the date of grant and have a ten-year
term. Ms. Frensilli's grant is for 100,000 shares and provides for
25 percent vesting of her shares upon completion of one year of
service, with the balance vesting in monthly installments over 36
months, and a 12 month acceleration of vesting if the following
events occur: 1) the Company experiences a change of control, and
2) within 12 months following such change of control, Ms. Frensilli
experiences an involuntary termination or involuntary reduction in
nature or scope of service to the Company. About Redback Networks
Redback Networks Inc., a leading provider of next-generation
broadband networking equipment, enables carriers and service
providers to build Smart Broadband Networks that are personalized,
adaptive and efficient. The Smart Broadband Network enables
advanced IP based subscriber services to consumers, businesses and
wholesale customers. The company's carrier-class, consumer-scale
SmartEdge(R) product family combines advanced subscriber
management, carrier-class IP edge routing and highly scalable
Ethernet aggregation functions. In conjunction with the NetOp(TM)
Element and Policy Manager platforms the SmartEdge family provides
a powerful and flexible infrastructure solution that enables
delivery of next-generation Broadband IP services. Founded in 1996
and headquartered in San Jose, Calif., with sales and technical
support centers located worldwide, Redback Networks maintains a
growing and global customer base of more than 500 carriers and
service providers, including major local exchange carriers (LECs),
inter-exchange carriers (IXCs), PTTs, service providers and ISPs.
For more information, visit Redback Networks at www.redback.com.
REDBACK and SmartEdge are trademarks registered at the U.S. Patent
and Trademark Office and in other countries. NetOp is a trademark
of Redback Networks Inc. All other products or services mentioned
are the trademark, service marks, registered trademarks or
registered service marks of their respective owners.
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