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Vecima Strengthens Executive Team
Friday, November 6, 2009
Website | News Archive
Vancouver, BC, November 6, 2009--(T-Net)--Vecima Networks Inc. (TSX:VCM), the Last Mile Solution® for broadband wired and wireless networks, announced the strengthening of the Company's senior management group with the appointment of Richard Funnell to Senior Vice President, Corporate Development and the promotion of Sumit Kumar to Executive Vice President.
Richard Funnell, the newest member of Vecima's executive team, brings more than 20 years of high-tech management experience to his new role as Senior Vice President, Corporate Development. In a career spanning the United States, Canada, and the United Kingdom, Mr. Funnell has held a number of senior executive roles in a variety of technology companies including President of the Datastream Division of Xyratex, a leading provider of enterprise-class data storage subsystems and Director of Product Management at Network Associates, now part of McAfee, an antivirus software and computer security company. In his new role as Senior Vice President, Corporate Development, Mr. Funnell will assist the CEO and Executive Vice President in forming and executing a strategic plan to realize revenue and profitability growth in the short and long term. Mr. Funnell holds a Bachelor of Electrical Engineering degree, specializing in communications, from McGill University in Montreal, Quebec.
Sumit Kumar has been promoted to Executive Vice President from his previous position of Vice President, Corporate Strategy. In his new role, Mr. Kumar will work closely with the CEO, the senior management team, and the Board of Directors to develop, manage, and execute the overall strategy for the Company. Mr. Kumar has significant technical and executive experience with the Company, having worked in the R&D department on the architecture and development of EdgeQAM and WiMax products as well as within the business development and senior management groups since joining Vecima in 1995. Mr. Kumar holds a Bachelor of Electrical Engineering degree and a Bachelor of Computer Science degree from the University of Saskatchewan.
About Vecima Networks
Vecima Networks Inc. (TSX:VCM) designs, manufactures and sells products that enable broadband access to cable, wireless, fibre and telephony networks. Vecima's hardware products incorporate original embedded software to meet the complex requirements of next-generation, high-speed digital networks. Service providers use Vecima's solutions to deliver services to a converging worldwide broadband market, including what are commonly known as "triple play" (voice, video and data) and "quadruple play" (voice, video, data and wireless) services. Vecima's solutions allow service providers to rapidly and cost-effectively bridge the final network segment that connects the system directly to end users, commonly referred to as "the last mile," by overcoming the bottleneck resulting from insufficient carrying capacity in legacy, last mile infrastructures. Vecima's products are directed at two principal markets: Converged Wired Solutions and Broadband Wireless. The Company has also developed, and continues to focus on developing, products to address emerging markets such as Voice over Internet Protocol, fibre to the home and IP video. www.vecima.com
Contact:
Alan Brick
Vecima Networks
Investor Relations Officer
250-881-1982
invest@vecima.com
www.vecima.com
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