ADTRAN Holdings Announces Retirement of CFO and Appointment of New CFO
30 Mars 2023 - 2:00AM
Business Wire
ADTRAN Holdings, Inc. (NASDAQ: ADTN and FSE: QH9) (“ADTRAN
Holdings” or the “Company”), announced today that after 39 years in
the telecommunications industry, ADTRAN Holdings’ CFO, Mike
Foliano, will retire from the Company effective on June 28, 2023.
The Company also announced the appointment of Uli Dopfer as the
Company’s new Chief Financial Officer, effective May 1, 2023.
During his 17 years of service to the Company, Mr. Foliano has
made significant contributions to Adtran and has been an integral
part of the Company's success and growth during his tenure, and his
leadership and expertise will be missed.
"I would like to express my deep gratitude for the dedication
and commitment Mike has shown to Adtran over his entire tenure
here. We have greatly benefitted from his expertise, work ethic and
professionalism. His contributions have left a lasting impact on
our company, and I wish him all the best in his retirement," said
Tom Stanton, Chairman and CEO. “I am excited to welcome Uli to his
new role as CFO. With his knowledge of our company and the work
that we have done together over the last two years, I am confident
that Uli is the right choice to take over as CFO and continue the
company's success."
Uli Dopfer brings with him a wealth of experience, expertise,
and 20 years of industry knowledge, having previously served as CFO
of ADVA Optical Networking for the past 8 years. In addition, he is
already well integrated into the Company and contributing to the
Company’s success.
"I am honored to be named as CFO of ADTRAN Holdings and I am
excited about the opportunity to work with such a talented team,"
said Mr. Dopfer. "I look forward to building on the strong
foundation that Mike has established and working with the team to
achieve our goals."
ADTRAN Holdings is confident that the move will be seamless,
with Mr. Foliano transitioning his responsibilities over the coming
months. ADTRAN Holdings looks forward to continuing to provide the
same level of excellent service to its customers and stakeholders
under the new CFO's leadership.
About ADTRAN Holdings, Inc.
ADTRAN Holdings, Inc. is the parent company of ADTRAN, Inc., a
wholly owned subsidiary and a leading global provider of open,
disaggregated networking and communications solutions. ADTRAN
Holdings is also the largest shareholder of ADVA, a European
headquartered network innovator that empowers operators to deliver
the cloud and mobile services that are vital to today’s
society.
Cautionary Note Regarding Forward-Looking Statements
All statements in this press release that are not historical are
forward-looking statements within the meaning of the “safe harbor”
provisions of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements can often be identified by the use of
words such as “believe,” “expect,” “intend,” “estimate,”
“anticipate,” “will,” “may,” “could” and similar expressions.
Forward-looking statements reflect management’s best judgment based
on factors currently known. However, these statements involve risks
and uncertainties, including the risks disclosed under the heading
“Risk Factors” in our most recent Annual Report on Form 10-K and
the risks and uncertainties discussed throughout ADTRAN Holdings’
periodic filings with the U.S. Securities and Exchange Commission,
available at www.sec.gov. These risks and uncertainties could cause
actual results to differ materially from those in the
forward-looking statements included in this press release. ADTRAN
Holdings disclaims any intent or obligation to update
forward-looking statements, either as a result of future
developments, new information or otherwise, except as may be
required by law.
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version on businesswire.com: https://www.businesswire.com/news/home/20230329005725/en/
Rhonda Lambert/256-963-7450 investor.relations@adtran.com
ADTRAN (TG:QH9)
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