Xtellus Names Anthony Maher Chairman of the Board
Xtellus Strengthens Board of Directors as Market Drive Continues
MORRIS PLAINS, NJ, February 8, 2007 - Xtellus, a leading supplier of advanced ROADM technology for the metro and long-haul optical equipment markets, announced today that its Board of Directors has appointed Anthony Maher, a telecommunications veteran, as Chairman of the Board. Mr. Maher has more than 30 years of executive management, corporate governance, venture capital, marketing, sales, and entrepreneurial experience within the markets for wireline and wireless communications equipment as well as optical components.
"We are privileged to have Tony join Xtellus as Chairman," said Tom Dudley, Xtellus president and CEO. "He arrives at a time of expansion in our ROADM product line and rapid growth in our customer base across North America, Europe and Asia. His expertise in successfully guiding private and public companies through this type of global growth brings significant value to Xtellus. His operational experience, broad market knowledge, as well as venture capital and M&A experience will prove invaluable as Xtellus continues on the path of profitable growth."
Mr. Maher has held extensive leadership positions in the telecommunications industry. During a twenty-five year career at Siemens, Mr. Maher held numerous positions including president of Siemens Access. He was also a member of the board of directors for Siemens Information and Communication Networks Group. Mr. Maher also has extensive venture capital experience. Most recently he was a partner with Star Venture Management and previously he was the founder and chairman of Mustang Ventures, the corporate venture capital investing arm for the wireless and wireline businesses at Siemens. He currently serves on the boards of publicly traded ADVA Optical AG, Wavecom S.A., and Alvarion, Ltd., as well as privately held Broadlight Inc.
"I am very impressed how Xtellus has established such a strong market position with a compelling ROADM product line that it is shipping to customers that include the world's leading equipment makers," said Mr. Maher. "I'm excited to work with Tom and the management team of Xtellus to expand its market presence and to capitalize on the company's unique internal capabilities and enviable customer relationships."
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