Gussy-Boy, Read About Your New Guy? Great Credentials! LoL!>
<As Senior Vice President of Business Operations for Iridium LLC for six
years during the 1990s, he directed the build-up of the business operational
capability of the Iridium network,>
PRESS RELEASE: InterDigital Commun
Names Gercenstein CEO
Dow Jones Newswires
(BW)(PA-INTERDIGITAL)(IDC) InterDigital Elects Mark Gercenstein
Chief Executive Officer
Business Editors
KING OF PRUSSIA, Pa.--(BUSINESS WIRE)--April 17, 2000--
InterDigital Communications Corporation (ASE: IDC) announced today
that Mark Gercenstein has been elected Chief Executive Officer and
appointed a member of the Company's Board of Directors.
Mr. Gercenstein brings twenty-four years of management experience in
marketing, engineering, strategic planning and operations in the
telecommunications and aerospace industries to InterDigital. During his
career with Motorola, Iridium, Spar Aerospace, and Bendix Aerospace,
he has built businesses, raising billions of dollars of strategic equity
participation, run international operations, led global business development
and marketing programs and managed thousands of people around the
world.
"Mark Gercenstein is a talented, creative executive with deep experience in
telecommunications. He has a strong background in marketing and
operations management, a solid knowledge of the wireless industry and a
track record of building businesses and leading global teams with great
effectiveness. We are very pleased to select him as InterDigital's Chief
Executive Officer and we are confident he will lead the Company into a
new phase of growth as the next generation of wireless technology and
products emerges. Mark's strong leadership skills and his focus on
executing business plans and building value will complement and further
strengthen InterDigital's management team and help to sharpen our
strategic focus," said Harry Campagna, Chairman.
"I joined InterDigital because I am excited about the opportunity we have
to grow and prosper in the expanding wireless market. We have great
technology, an impressive team of people, and we are positioned in the
heart of the market. My goal is to build the value of InterDigital significantly
in the coming years as the advanced wireless market emerges," stated Mr.
Gercenstein.
Mr. Gercenstein comes to InterDigital from Motorola, where he was
responsible for the development and implementation of the business model
for the newly created Fixed Wireless Systems Group. He focused on
product and marketing planning and licensing strategy for the worldwide
wireless broadband access technology market, developing and
implementing the market entry and distribution strategy. He established the
business plan and market model for Spectrapoint Wireless, a joint venture
between Motorola and Cisco Systems and linked the fixed wireless
broadband offering with Motorola's mobile products.
As Senior Vice President of Business Operations for Iridium LLC for six
years during the 1990s, he directed the build-up of the business operational
capability of the Iridium network, including the 12 gateway ground stations
supported by operations facilities around the world. He also led the
development and implementation of the international call centers that
served the system.
In the early 1990s, he helped develop the business plan and
implementation strategy for Iridium, building strategic equity partnerships
from across the telecommunications industry and leading the effort to
secure regulatory approval and the allocation of radio spectrum in Asia and
Eastern Europe.
As Director of International Programs at Motorola during the 1980s, Mr.
Gercenstein focused on the aerospace and military markets. He led an
international team that developed and marketed new defense products,
securing multi-million dollar contracts in Europe and Asia. He also served
as Director of Marketing and Advanced Systems at Spar Aerospace, Ltd.,
Canada's only aerospace prime contractor, securing $150 million in
contracts on the U.S. Space Station program. He began his career in 1975
at Bendix Aerospace, where he served in engineering and marketing
assignments.
Mr. Gercenstein holds both a masters degree in industrial management and
a bachelors degree in industrial and mechanical engineering from Clarkson
University.
InterDigital is creating innovative solutions for mainstream wireless
applications which deliver cost and time-to-market advantages for its
customers. By leveraging its technology and intellectual property into third
generation standards and products, it is maximizing its long-term revenue
and earnings opportunities. InterDigital has a strong portfolio of patented
TDMA and CDMA inventions which it licenses worldwide. InterDigital(R)
is a trademark of the Company.
More information, including recorded comments from InterDigital's new
CEO Mark Gercenstein, is available on InterDigital's website:
www.interdigital.com. For those that do not have Internet access, a
telephone recording of Mark Gercenstein's commentary will be available
from 9:00 a.m. Eastern Daylight Time, April 17, 2000 until the close of
business Monday, April 24, 2000. To hear the recording, please dial
1-888-203-1112 and enter the confirmation code 542722.
--30--rc/ny*
CONTACT: InterDigital Communications Corporation
Media Contact:
Susan Sutton, (610) 878-7800
e-mail: susan.sutton@interdigital.com
Investor Contact:
Janet Point, (610) 878-7800
e-mail: janet.point@interdigital.com
KEYWORD: PENNSYLVANIA
INDUSTRY KEYWORD: TELECOMMUNICATIONS
NETWORKING COMPUTERS/ELECTRONICS MANAGEMENT
CHANGES Today's News On The Net - Business Wire's full file on the
Internet
with Hyperlinks to your home page.
URL: businesswire.com
Briefing Book for: IDC |
