This was out yesterday...
biz.yahoo.com
Westell Technologies Inc., Appoints Michael Santiago to Head CPE Business Unit; Marc J. Zionts and J. Nelson Named to Board of Directors
Former US Robotics Executive Named to VP-General Manager; CEO and President to Join Board
AURORA, Ill., Jan. 4 /PRNewswire/ -- Westell Technologies, Inc. (Nasdaq: WSTL - news), a holding company for Westell Inc., a leading provider of DSL technology, telecommunications access products and for Conference Plus, Inc. an application service provider hosting and managing conferencing and support services, announced today that Michael F. Santiago has been appointed Vice President-General Manager of Westell Inc.'s Customer Premise Equipment (CPE) Business Unit. The Company also named Marc Zionts and J. Nelson to the Westell Technologies Board of Directors. Nelson also assumes the role of President of Westell Technologies.
Santiago joins Westell with strong marketing and leadership skills and significant experience at Motorola, 3Com (U.S. Robotics) corporation and NEC. Santiago helped lead Motorola's successful marketing programs in remote access and ISDN products including the initial product launch and multiple channel strategy of the BitSurfr ISDN product line. During his tenure at US Robotics, he was responsible for the global marketing of the US Robotics Total Control access product line and CPE products as well as launching programs targeted at the ILEC, CLEC and ISP markets. Santiago's marketing efforts at NEC included North American marketing for the Visual System Division..
``We are very excited to have Mike join our team and lead our CPE Business Unit,' stated J. Nelson, Westell Technologies President and Westell Inc Chief Operating Officer. ``He brings strong experience in the CPE space, outstanding knowledge of our current and future channels and customer base and a tremendous level of energy. This is a critical portion of our business and Mike is well equipped to lead this team.'
Additionally, Westell Technologies also announced today that Marc Zionts and J. Nelson have been named to its Board of Directors. Zionts is currently the Chief Executive Officer of Westell Technologies while Nelson, currently the President and Chief Operating Officer of Westell Inc, and Chairman of the Board of Conference Plus, Inc. Westell Technologies' Application Service Provider subsidiary, also assumes the role of President of the holding company, Westell Technologies, Inc.
``Marc and J. have strong insight and knowledge of our business,' stated Robert Gaynor, Westell Technologies Chairman. ``We believe it is important for our key executives to become a part of our Board and the vision and leadership that they have demonstrated within the Company will augment those same attributes of our other directors'.
Westell Technologies, Inc, headquartered in Aurora, Illinois, is a holding company for Westell, Inc. and Conference Plus, Inc. Westell, Inc. manufactures and licenses DSL systems and value added CPE, and manufactures telecommunications access products. Conference Plus, Inc. is an Applications Service Provider managing and hosting audio, video, IP conferencing and support services. Additional information can be obtained by visiting Westell's Web site at www.westell.com .
``Safe Harbor' statement under the Private Securities Litigation Reform Act of 1995:
Certain statements contained herein are forward looking statements that involve risks and uncertainties. These risks include, but are not limited to, product demand and market acceptance risks (including the future commercial acceptance of Westell's ADSL systems by telephone companies and other customers), the impact of competitive products and technologies (such as cable modems and fiber optic cable), competitive pricing pressures, product development, excess and obsolete inventory due to new product development, commercialization and technological delays or difficulties (including delays or difficulties in developing, producing, testing and selling new products and technologies, such as ADSL systems), the effect of Westell's accounting policies, the effect of economic conditions and trade, legal, social, and economic risks (such as import, licensing and trade restrictions) and other risks more fully described in Westell's Annual Report on Form 10-K for the fiscal year ended March 31, 1999 under the section ``Risk Factors'. Westell undertakes no obligation to release publicly the result of any revisions to these forward looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. |
