Aviat Networks, Inc. (NASDAQ: AVNW) (“Aviat” or the “Company”), the leading expert in wireless transport solutions, today announced its board refreshment designed to accelerate the next phase of the Company’s growth (the “Board Refreshment Program”), and two new director nominees who will be voted on at the Company’s annual meeting of shareholders (the “2021 Annual Meeting”) along with four current members of the Company’s board (the “Board”). The new director candidates are Bryan Ingram and Somesh Singh.
Further, in support of the Board Refreshment Program and the Board’s transition, directors Dahlia Loeb, Ken Kong and John Quicke, will not stand for re-election.
“We look forward to welcoming Bryan and Somesh to the Board,” said John Mutch, Aviat Networks Chairman of the Board. “Bryan and Somesh will further strengthen the Board’s depth of technical expertise as Aviat advances its strategy for growth and increased shareholder value.
Bryan will help ensure that our technology architecture is aligned with customer needs. Similar to the opportunity at Aviat, Somesh has led transformations from hardware to software/services. We will be excited to have them join us.”
“The nomination of Bryan and Somesh to our Board will come at a time when Aviat is transforming from a pure-play wireless systems company into a wireless transport solutions provider with systems, software, and services critical to customer networks as the world moves to 5G and beyond.
The extensive experience and expertise in leadership, technology, and transformative growth that Bryan and Somesh will bring to Aviat will put our Company on a stronger path forward and benefit all stakeholders.”
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The new director candidates have invaluable backgrounds in driving technology and corporate growth:
- Bryan Ingram has 35 years of experience in technology, most recently serving as senior vice president and general manager of Broadcom’s Wireless Semiconductor Division. Prior to that position, he held other senior executive roles at Broadcom and its predecessor, Avago Technologies Limited. He also held executive positions at the predecessor to Avago within Agilent Technologies and various management positions at Hewlett Packard and Westinghouse. Mr. Ingram holds a Bachelor of Science in Electrical Engineering from the University of Illinois and a Master of Science in Electrical Engineering from Johns Hopkins University.
- Somesh Singh has over 30 years of broad experience running large, globally distributed product teams. Most recently, he served as chief product officer of E&P Software at Emerson Electric and, immediately prior, chief product officer at Paradigm. He also led product management and engineering at NetIQ, and led research and development, customer care, professional services, IT, and training as senior vice president for R&D and technical operations at Vignette. Mr. Singh holds a Bachelor of Technology degree in Chemical Engineering from the Indian Institute of Technology, a Master’s degree in Chemical Engineering from Columbia University, and an MBA from the Wharton School of Business, University of Pennsylvania.
“On behalf of the Board, I thank John Quicke and Ken Kong, originally nominated by Steel Partners, for providing guidance to return the Company to profitability over the last number of years, and Dahlia Loeb for her financial depth and knowledge of the capital markets to advance our growth plan.”
John Mutch added “I especially appreciate John Quicke for his mentorship to me personally and his significant contribution of operating and financial expertise to the Company. We thank the outgoing Board members for their service to Aviat and much-valued contributions. All have served with the highest standards of integrity and commitment, playing pivotal roles during what has been a successful restructuring phase for Aviat. All three will continue to serve as directors until the 2021 Annual Meeting.”
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