ADC Telecom

(ADCT) - Get Report

named its corporate controller and treasurer, Gokul Hemmady, to the post of chief financial officer.

Hemmady succeeds Robert Switz, who was promoted to president and chief executive of the telcom-equipment maker in mid-August after Richard Roscitt, former chairman and chief executive, left the company to join

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In 1997, Hemmady joined ADC as assistant treasurer, and he was the company's corporate controller and treasurer since 2002.

ADC also named Mark Borman treasurer, in addition to his current position as vice president of investor relations.

Shares of ADC were up 1 cent to $2.24.