Stratex Networks Appoints Thomas H. Waechter President and CEO
May 18 2006 - 4:24PM
PR Newswire (US)
Charles Kissner Continues as Chairman SAN JOSE, Calif., May 18
/PRNewswire-FirstCall/ -- Stratex Networks, Inc. (NASDAQ:STXN), a
leading provider of wireless transmission solutions, announced
today that its board of directors has appointed Tom Waechter as the
company's president and chief executive officer, effective
immediately. Waechter succeeds Chuck Kissner, who continues as
executive chairman. "Tom's extensive experience in wireless
telecommunication, his track record in international operations and
his knowledge of our business will be instrumental as Stratex moves
into its next growth phase," said Kissner. "Over the past four
years, since I returned as CEO, Stratex employees have made
remarkable progress spearheading innovation in our products and our
processes. Our team has effected a dramatic turnaround for which
they should be proud. Tom's leadership abilities will be a positive
addition as the company seeks to capitalize on its current
momentum. "Tom's appointment will also enable me to focus on the
company's strategic direction and new business opportunities that
are now available to us since our turnaround. I believe this
strengthened management team will enable the company to further
expand its reach and maintain its momentum in the marketplace,"
added Kissner. "I am excited to be able to work more closely with
the Stratex Networks team," said Waechter. "I have admired their
achievements, and having served on the Board, see the opportunity
to build on those successes. I look forward to working with Chuck,
along with the customers, employees, and partners of Stratex." In
addition, John Brandt has been appointed Vice President, Business
Development, and will be working closely with Kissner on new
business development activities. Brandt was previously Vice
President of Global Operations at Stratex. Waechter has been an
Independent Director of Stratex Networks since December 2005. He is
a technology veteran with more than 20 years experience. Recently,
he served as president and chief executive officer of REMEC, a
wireless base station equipment manufacturer. Prior to that,
Waechter was president and chief executive officer of Spectrian
Corporation, which was acquired by REMEC. For more than 14 years,
he worked at Schlumberger Ltd, an international services company
where he held a number of senior management roles. He has a
bachelor's degree in business administration from the College of
William and Mary in Virginia and presently serves on the endowment
board of the college. About Stratex Networks With headquarters in
San Jose, California, Stratex Networks, Inc. is one of the world's
leading providers of high-speed wireless transmission solutions.
Since it was founded in 1984, Stratex Networks has achieved
international recognition for quality, innovation, and technical
superiority in delivering data, voice, and video communication
systems, including comprehensive service and support. Stratex
Networks, with its broad product offering and worldwide sales and
support organization, is strategically positioned to serve its
customers' needs in wireless, high-capacity transmission
technology. Additional information is available at
http://www.stratexnetworks.com/. DATASOURCE: Stratex Networks, Inc.
CONTACT: Mary McGowan of Summit IR Group Inc., +1-408-404-5401, or
, for Stratex Networks, Inc. Web site: http://www.stratexnet.com/
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