logo
Share SHARE
FONT-SIZE Plus   Neg

Meru Networks Appoints Bami Bastani CEO

Wireless LAN solutions provider Meru Networks (MERU) said Wednesday it has appointed Bami Bastani as president and chief executive officer of the company, effective immediately.

Bastani will also be joining the board of directors.

Bastani previously served as CEO at Trident Microsystems, Inc. and Anadigics, Inc. He had also served in executive postions in Fujitsu Microelectronics, National Semiconductor and Intel Corporation.

In connection with his appointment, the compensation committee of Meru's board of directors awarded Bastani a non-qualified stock option to purchase 0.6 million shares of Meru's common stock and 0.1 million restricted stock units pursuant to its 2012 Equity Inducement Plan, which is a non-restricted stockholder approved plan.

This stock option was granted to Bastani on March 21, 2012 and has a exercise price equal to the closing price of Meru's common shares on the Nasdaq on such date.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
After reporting a modest improvement in U.S. consumer confidence in the previous month, the Conference Board released a report on Tuesday showing that its consumer confidence index increased by much more than expected in June. While MNI Indicators released a report on Tuesday showing a notable increase by its Chicago business barometer in the month of June, the index continued to point to a contraction in regional business activity. It was nice while it lasted, but the days of free checked luggage are nearly almost over. JetBlue is hitting its lowest-fare customers with a $20 checked bag fee per one-way trip.
comments powered by Disqus
RELATED NEWS
Trade MERU now with 
Follow RTT