Former Nortel Asia Pacific President Takes New Post With Alteon WebSystems
Steve Wood Named Alteon's Vice President of Asia Pacific Operations
SAN JOSE, Calif., Oct. 26 /PRNewswire/ -- Alteon WebSystems (Nasdaq: ATON - news) today announced the appointment of Steve Wood to the newly created position of vice president of Asia Pacific Operations.
Mr. Wood has over 10 years of direct networking industry experience in sales and marketing with the Asia Pacific region and joins Alteon WebSystems from Nortel Networks where he held the position of president of Nortel Networks Carrier Packet Solutions business unit. Mr. Wood has been with Nortel Networks since 1991 when he joined SynOptics/Bay Networks.
In his new capacity with Alteon, Mr. Wood will be responsible for directing all sales, marketing, and support activities within the Asia Pacific region. In 1998, Asia Pacific represented approximately 12 percent of the Alteon's revenue.
''The build out of Internet infrastructure within Asia Pacific is significant and becoming a major factor in its economic growth,'' said Dominic Orr, president and CEO of Alteon WebSystems.
''Because of its strategic importance and high-growth potential, we needed the industry's best to capitalize on the opportunities there. And we got it,'' concluded Orr.
''Alteon has a laser-sharp focus on what I believe is a fundamental shift to more intelligent infrastructure products that add value beyond traditional packet switching technology,'' said Steve Wood. ''I joined the company to be at the forefront of this shift and leading the charge toward delivering real and reliable Web-tone to e-businesses worldwide.''
Alteon WebSystems currently supports a number of leading customers throughout Asia Pacific including Asia Online, China Telecom, Dacom Corporation, Daewoo Securities Company, Ltd., E*TRADE, Korea Telecom Corporation, NTT Data Corporation, Samsung Securities and Telstra.
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