CHICAGO, Sept. 20, 2012 (GLOBE NEWSWIRE) -- Inteliquent tm (Nasdaq:IQNT), a leading provider of global interconnection and interoperability solutions, today announced certain changes to its management team.
Surendra Saboo, the Company's President and Chief Operating Officer, informed the Company of his decision to step down as President and Chief Operating Officer effective October 1, 2012. In addition, Robert M. Junkroski, the Company's Chief Financial Officer, informed the Company of his decision to step down as Chief Financial Officer effective October 1, 2012. It is anticipated that Dr. Saboo and Mr. Junkroski will remain employed with the Company until November 1, 2012 to assist with the transition of their responsibilities. The Company's Board of Directors is currently identifying Mr. Junkroski's successor as the Company's Chief Financial Officer. The Company's Board of Directors is not currently planning to hire a successor to fill Dr. Saboo's positions.
"On behalf of the Company and its Board of Directors, I would like to sincerely thank both Surendra and Rob for their many outstanding contributions to Inteliquent," said Jim Hynes, Founder and Chairman of Inteliquent. "We have been fortunate to have their guidance and direction at the core of our organization for many years. Going forward, we remain committed to building on the foundation laid by Surendra and Rob by continuing our efforts to invest in developing and diversifying our product and service offerings on the path to long-term growth and value creation.""It has been a privilege to work for Inteliquent alongside such a talented team," said Dr. Saboo. "I would like to thank all of our employees who have worked hard to transform Inteliquent from a U.S. voice interconnection company into a global IP‑based network service company." "I have had the pleasure of working for this Company since its inception in 2003," said Mr. Junkroski. "Along the way, we have developed a number of innovative solutions to solve complex problems across our industry. Like Surendra, I want to thank all of our employees for their tremendous efforts over the years."
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV