IP networking company Sonus Networks, Inc. (SONS) said Tuesday that it has appointed Raymond Dolan as president and chief executive officer, effective immediately. He has also been appointed to the company's Board of Directors. Dolan succeeds Richard Nottenburg, who had announced his plan to step down as president and chief executive officer and a director of Sonus. Dolan has nearly 25 years of experience in telecommunications industry. Prior to joining Sonus, Dolan held senior leadership positions at Qualcomm Inc. (QCOM), Nextwave Wireless and BellAtlantic/NYNEX Mobile. Most recently, he served as chief executive officer of QUALCOMM/Flarion Technologies, a developer of mobile broadband communications technologies. Dolan has served as senior vice president of Qualcomm and was the chairman and CEO of Flarion, prior to its acquisition by Qualcomm in 2006. He currently serves on the board of directors of American Tower Corp., and NII Holdings, Inc. Howard Janzen, chairman of Sonus said, "In Ray, we have chosen a true visionary who embodies the characteristics essential for Sonus' next phase of growth and development: strong leadership capabilities, an uncompromising dedication to getting the job done well and a keen focus on enhancing shareholder value."
In May end, Sonus had announced that Richard Nottenburg plans to step down by the end of March 2011. Nottenburg has been the president and CEO of Sonus since June 2008. Before joining Sonus, Nottenburg has served Motorola, Inc. in several positions, including Executive Vice President, Chief Strategy Officer and Chief Technology Officer.
The Internet Protocol or IP is the principal communications protocol used for relaying datagrams across an internetwork using the Internet Protocol Suite.
SONS is currently trading at $3.58, down $0.07 or 1.92%, on a volume of 78 thousand shares.
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