UTStarcom Announces CEO to Take Medical Leave of Absence
March 16 2020 - 6:00AM
UTStarcom (“UTStarcom” or “the Company”) (NASDAQ:UTSI), a global
telecommunications infrastructure provider, announced today that
Mr. Tim Ti, UTStarcom's Chief Executive Officer (CEO), will take a
temporary medical leave of absence, effective immediately.
In Mr. Ti's absence, UTStarcom has appointed Dr. Zhaochen Huang
as the Company’s Acting CEO. Dr. Huang is currently the
Senior Vice President of Sales and Business Development for Japan
and Korea and has previously served as Chief Operating Officer,
Vice-President of Global Operations as well as General Manager of
UTStarcom India.
Mr. Yongqing Yan, the Chairman of UTStarcom’s Board of
Directors, commented, "We wish Mr. Ti a speedy recovery and look
forward to his return to UTStarcom. Mr. Ti’s condition is not
related to the COVID-19”.
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 is further leveraging its technology
expertise to bring smart networked products to new applications,
such as its goBox automated refrigerated dispenser for retail
stores. 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 8888
Ms. Fei Wang, Director of Investor Relations Email:
fei.wang@utstar.com
Ms. Ning Jiang, Investor RelationsEmail: njiang@utstar.com
In the United States:
The Blueshirt Group Mr. Ralph FongTel: +1 (415) 489-2195Email:
ralph@blueshirtgroup.com
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