Shannon’s extensive experience leading finance at multi-national
companies is key asset as ADTRAN focuses on global growth
HUNTSVILLE, Ala.--(BUSINESS WIRE)--Nov. 16, 2015--
ADTRAN®,
Inc., (NASDAQ:ADTN), today announced it has appointed Roger D.
Shannon as its senior vice president of finance and chief financial
officer (CFO). Shannon brings strong experience in leading financial
organizations at large multi-national public companies. He brings to
ADTRAN extensive financial expertise over a broad array of industries,
geographies and financial conditions. His proven leadership skills,
strong strategic and analytical capabilities, and collaborative,
hands-on management style will be a welcome addition to the company’s
leadership team. In this role, Shannon will oversee finance, investor
relations, accounting, legal affairs and contracts. He will report
directly to the company’s CEO.
“Roger’s experience creating financial strength at large, multi-national
companies will be beneficial as ADTRAN looks to capitalize on the
significant growth opportunities in broadband services in markets around
the world,” said Thomas R. Stanton, chief executive officer and chairman
of the board, ADTRAN. “As ADTRAN has shifted its focus as a software
company and expanded our sales, research, product development and
support teams around the world, Roger will play a key role in ensuring
we create shareholder value as we help our customers deploy the future
network state.”
Prior to joining ADTRAN, Shannon served as CFO and treasurer at Steel
Technologies LLC, a subsidiary of Mitsui & Co., Ltd. and Nucor
Corporation since July 2006, also serving as its principal accounting
officer. Prior to his nine-year tenure at Steel Technologies, Shannon
directed global treasury for Brown-Forman Corporation. During his
career, Shannon has held financial leadership positions in a wide range
of industries at large and mid-size international companies in the
manufacturing, consumer goods and business services markets. A native of
Decatur, Alabama, Shannon holds a master's degree in business
administration from the Terry Graduate School of Business at the
University of Georgia and a bachelor’s degree in accounting from Auburn
University. He is a certified public accountant and chartered financial
analyst.
“ADTRAN is poised for a fundamental expansion of its business, both
globally and through the innovative software-driven service creation
solutions it has developed. I look forward to supporting the company
through this process in an effort to maximize its opportunities for
financial success,” said Shannon. “These business transformations
present exciting challenges and opportunities, and I believe my skills
and experience can help expand the company’s growth trajectory and
create more value for all of its shareholders and other stakeholders.”
Michael Foliano, who has served as interim CFO, will remain responsible
for all manufacturing, supply chain and logistics functions, as well as
ADTRAN's corporate IT, facilities and real estate functions as the
company’s senior vice president of global operations. “Mike has done a
tremendous job in his dual role as both interim CFO and senior vice
president of global operations. We appreciate his dedication, drive and
focus,” added Stanton.
About ADTRAN
ADTRAN, Inc. is a leading global provider of networking and
communications equipment. ADTRAN’s products enable voice, data, video
and Internet communications across a variety of network infrastructures.
ADTRAN solutions are currently in use by service providers, private
enterprises, government organizations, and millions of individual users
worldwide.
For more information, please visit www.adtran.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20151116005394/en/
Source: ADTRAN, Inc.
ADTRAN, Inc.
Roger Shannon, 256-963-8775
Senior Vice President
& CFO
or
INVESTOR SERVICES/ASSISTANCE:
Gayle
Ellis, 256-963-8220
Investor Services