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Technology Stocks : Ascend Communications-News Only!!! (ASND) -- Ignore unavailable to you. Want to Upgrade?

To: Maverick who wrote (430)	10/31/1997 3:17:00 PM
From: Narotham Reddy	Read Replies (3) \| Respond to of 1629

Michael Ashby Joins Ascend as Executive Vice President and CFO Business Wire - October 31, 1997 14:35 %ASCEND-COMMUNICATIONS ASND %CALIFORNIA %COMPUTERS %ELECTRONICS %COMED %TELECOMMUNICATIONS %INTERACTIVE %MULTIMEDIA %INTERNET %MANAGEMENT %CHANGES V%BW P%BW ALAMEDA, Calif.--(BUSINESS WIRE)--Oct. 31, 1997--Ascend Communications, Inc. (NASDAQ:ASND) announced today that Michael Ashby, 48, has joined the company as executive vice president and chief financial officer (CFO). He will report to Ascend President and CEO Mory Ejabat and replace Bob Dahl who will remain on as executive vice president chief of planning. Ashby joins Ascend from Pacific Bell in San Francisco where he was vice president and CFO. At Ascend, he will be responsible for putting in place the financial planning and control infrastructure that Ascend requires to continue its rapid growth. "Michael has exactly the combination of experience and industry knowledge that makes him a good fit for Ascend," said Ejabat. "He has worked both with rapidly growing, entrepreneurial companies and with very large companies. Michael will be able to implement the systems, processes, and financial planning tools that Ascend needs as we reach a new stage in our development." Ashby has over 20 years of financial management experience. Two years ago, he became CFO of the Pacific Telesis Enterprise Group. When Pacific Telesis, a holding company which owned Pacific Bell, was acquired by SBC, he became vice president and CFO of Pacific Bell and its subsidiaries. Previously, Ashby spent three years at Network Systems Corporation, initially as CFO and subsequently as president and CEO. Ashby's background also includes senior financial management positions with Adidas and General Electric Company in both Europe and the U.S. Ashby is originally from England where he attended the University of Leeds and the Institute of Cost and Management Accountants in London. "I'm very excited by this opportunity," said Ashby. "Ascend is a great company that with the addition of Cascade, faces both new opportunities and challenges. I am delighted to be a part of the team that intends to make Ascend as successful in the future as it has been in the past." About Ascend Communications Ascend Communications, Inc. develops, manufactures and sells wide area networking solutions for telecommunications carriers, Internet service providers and corporate customers worldwide. For more information about Ascend and its products, please visit the Ascend web site at www.ascend.com, or e-mail info@ascend.com . Ascend is headquartered at One Ascend Plaza, 1701 Harbor Bay Parkway, Alameda, Calif. 94502-3002. Phone 800/ASCEND4; Fax 510/747-2300.