HUNTSVILLE, Ala.--(BUSINESS WIRE)--Feb. 20, 2015--
ADTRAN, Inc. (NASDAQ:ADTN)
announced today the retirement of its Chief Financial Officer, James
Matthews. Mr. Matthews’ retirement as Senior Vice President – Finance,
Chief Financial Officer, Treasurer and Secretary of the Company will be
effective March 16, 2015. Mr. Matthews’ retirement as a Director will
take effect with the Company’s Annual Meeting on May 13, 2015; he will
not stand for reelection. Mr. Matthews is retiring in order to spend
time with his family. The Company also announced that the Board has
elected Michael Foliano, Senior Vice President – Global Operations, to
the position of Interim Chief Financial Officer. Mr. Foliano will assume
these responsibilities upon the effectiveness of Mr. Matthews’
resignation and will work with Mr. Matthews in transitioning these
responsibilities until and after that date.
ADTRAN Chief Executive Officer Tom Stanton stated, “While we wish it
were otherwise, we of course understand Jim’s need to retire at this
time and are extremely grateful for his many years of thorough service
and upcoming assistance in transitioning the responsibilities of his
office.”
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.
For more information, contact the company at 800 9ADTRAN (800 923-8726)
or via email at info@adtran.com. On
the Web, visit www.adtran.com.
Source: ADTRAN, Inc.
ADTRAN, Inc.
Jim Matthews, 256-963-8775
Senior Vice
President/CFO
or
Investor Services/Assistance:
Gayle
Ellis, 256-963-8220