Comverse Technology (Nasdaq: CMVT) has announced the appointment of Andre Dahan (58) as president and CEO of the company. Dahan will take up the appointment on April 30, and thereby bring to an end a period of five months in which the company has been without a chief executive.
Comverse Technology., through its Comverse, Inc. subsidiary, provides software and systems enabling communication and billing services. The group also includes Verint Systems (Nasdaq: VRNT), which provides solutions for communications interception, networked video security, and business intelligence; and Ulticom (Nasdaq: ULCM), a provider of service enabling signaling software, and mobile roaming technology company Starhome.
Incoming CEO Dahan began his career in technical jobs at MALAM, Israel Aircraft Industries, and IBM. He has more than 30 years of experience in the wireless and technology sectors, and was formerly president and CEO of AT&T Wireless' Mobile Multimedia Services. He has also held senior executive positions with Dun & Bradstreet, Teradata Corporation (now NCR), and Sequent Computer Systems.
Comverse technology chairman Mark Terrell said, "Andre Dahan is an exceptional leader with the vision, global experience and deep industry and technical knowledge to help make Comverse Technology even stronger for its investors, customers, partners and employees.
"In particular, Andre's operational background in key global markets for our products and services will be of great benefit as we move forward. Andre gets results, and as we continue to focus on building the value of our business, we are confident that he is the right leader at the right time."
"I am honored to have this opportunity and excited by the possibilities that lie ahead for Comverse Technology," Dahan said. "Comverse has earned a powerful reputation for technological innovation, commercial success and relentless focus on customers. I look forward to working with Comverse's talented board and employees to continue to build on this record of outstanding performance, with a focus on delivering superior shareholder return."
There have been many changes in Comverse Technology's management in recent months, since the departure of founder Kobi Alexander, CFO David Kreinberg, and senior general counsel William Sorin, in the wake of the options backdating scandal. Since then, interim CEO Raz Alon and chairman Ron Hiram have also been replaced, while Zeev Bregman resigned as CEO of subsidiary Comverse CNS, to be replaced by Yaron Tchwella.
Comverse Technology, which is traded on the Pink Sheets, has a market cap of $4.4 billion.
Published by Globes [online], Israel business news - www.globes.co.il - on April 11, 2007
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