NAPERVILLE, Ill., April 5, 2012 /PRNewswire/ -- Tellabs will appoint Vincent D. Kelly and Gregory J. Rossmann to the Tellabs Board of Directors on May 2, 2012, following its Annual Stockholders Meeting, under an agreement with its stockholder Dialectic Capital Management, LLC.
Since 2004, Mr. Kelly has been president, chief executive officer and a director of USA Mobility, Inc. He has over 20 years of experience in the communications industry in various executive roles and brings business management and financial and accounting expertise.
Mr. Rossmann is a private investor, a director of several private companies and a director of NETGEAR, Inc., since 2002. He was a Managing Director of The Carlyle Group, and brings strong financial and technical experience from Pequot Capital Management, Inc., Broadview International, Dynatech Corporation and other companies.
Mr. Kelly will be a Class I director with a term expiring at the 2014 Annual Meeting, and Mr. Rossmann will be a Class III director with a term expiring at the 2013 Annual Meeting. Subject to the terms of their agreement, Tellabs and Dialectic Capital will work together to identify one additional mutually agreeable candidate to be appointed to the Tellabs Board no later than December 31, 2012. The size of the Tellabs Board will not be increased to more than 11 directors prior to the 2014 Annual Meeting."Tellabs and Dialectic have engaged in a series of productive discussions about our business and growth prospects," said Robert W. Pullen, Tellabs chief executive officer and president. "We welcome open dialogue with our shareholders. "We're pleased to add directors with such stature, financial and technology expertise to Tellabs Board of Directors as we define Tellabs' next phase of innovation and growth," Pullen added. "Tellabs board and executive team look forward to working together to advance the smart mobile Internet, achieve profitable growth and deliver long-term value to shareholders."
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