HERNDON, Va., June 17 /PRNewswire-FirstCall/ -- Arbinet
Corporation (Nasdaq: ARBXD), a leading provider of
telecommunications services to fixed and mobile operators, today
announced executive management changes in conjunction with the
Company's efforts to reduce overhead expenses and maintain a
competitive cost structure. Effective June 30, 2010, Steven
Heap and Dan Powdermaker will
step down as Chief Technology Officer and Senior Vice President of
Sales and Marketing, respectively.
Brian Troesch, Arbinet's Senior
Vice President of Product & Business Development, will oversee
the sales and marketing functions. The Company does not
intend to fill Mr. Heap's position.
"We will continue to look for opportunities to align our
organization and cost structure to achieve long term growth and
profitability," said Shawn O'Donnell, President and Chief Executive
Officer of Arbinet. "On behalf of the entire Board and
management team, I'd like to thank Steve and Dan for their
contributions to Arbinet. Over the past six years, Steve has
been instrumental in developing innovative solutions to better meet
the evolving needs of our customers, including the introduction of
our carrier services product in 2009, and we wish him well in the
future. Since joining Arbinet in December 2008, Dan has established a strong sales
and marketing team and significantly improved the Company's
position in the marketplace. We believe we are well
positioned today to build on this solid platform and we wish him
great success in his future endeavors."
"Since joining Arbinet in December
2009, Brian has leveraged his strong understanding of the
telecommunications marketplace and emerging technologies to help
further refine our voice product strategy and introduce new
complementary products and services," continued Mr. O'Donnell.
"With his keen understanding of our market, the value
proposition of the Exchange, and complex customer requirements, we
are confident in Brian's ability to oversee the transition and
ensure continuity for our customers."
Brian Troesch
Since December 2009, Brian has
served as the Senior Vice President, Product & Business
Development at Arbinet and has been responsible for guiding
Arbinet's Voice and Mobile product direction. Brian has more
than 14 years of management experience in sales, network and
product development in fixed and mobile telecommunications. Before
joining Arbinet he served as Regional Vice President, Americas for
Belgacom ICS, S.A. While at Belgacom ICS, Brian managed
strategy and sales for the Americas Region, providing voice and
data solutions to fixed and mobile operators. Brian
previously held various positions at Edge2Net, Inc., BellSouth Long
Distance, Inc., Pacific Gateway Exchange, Inc. and U.S. Long
Distance, Inc.
About Arbinet Corporation
Arbinet is a leading provider of international voice and IP
solutions to carriers and service providers globally. With more
than 1,100 carriers across the world utilizing the Arbinet network,
Arbinet combines global scale with sophisticated platform
intelligence, call routing and industry leading credit management
and settlement capabilities. Customers and suppliers include many
leading fixed line, mobile, wholesale and VoIP carriers as well as
calling card, ISPs and content providers around the world who buy
and sell voice and IP telecommunications capacity and content. The
Company can be reached at its corporate headquarters in
Herndon, VA at (703) 456-4100 or
by email at sales@arbinet.com.
This press release contains forward-looking statements within
the meaning of the U.S. Private Securities Litigation Reform Act of
1995. Any statements in this release regarding Arbinet's business
that are not historical facts may be considered "forward-looking
statements." The forward-looking statements in this press release
are based on information available at the time the statements are
made and/or management's belief as of that time with respect to
future events and are subject to substantial risks and
uncertainties that could cause actual results and outcomes to be
materially different. For a further discussion of the risks and
uncertainties Arbinet faces, please refer to Part I, Item 1A of
Arbinet's Annual Report on Form 10-K, for the year ended
December 31, 2009, filed with the
Securities and Exchange Commission (SEC) on March 17, 2010 and other periodic and current
filings that have been made with the SEC, which are available at
http://www.sec.gov/. Undue reliance should not be placed on
forward-looking statements, which speak only as of the date they
are made. Arbinet undertakes no obligation to update any
forward-looking statements to reflect new information, events or
circumstances after the date they are made, or to reflect the
occurrence of unanticipated events.
Contacts:
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Gary Brandt, Chief
Financial Officer
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Arbinet
Corporation
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(703)
456-4140
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Andi Salas / Aaron
Palash
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Joele Frank,
Wilkinson Brimmer Katcher
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(212)
355-4449
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SOURCE Arbinet Corporation