Spirent Hires Tellabs Exec as CEO

Spirent ( SPM) named former Tellabs ( TLAB) executive Anders Gustafsson its new CEO.

The U.K.-based communications technology provider said Gustafsson had been at Naperville, Ill.-based Tellabs since 2000. He most recently held the post of senior executive vice president, global business operations. Before that he worked at Schaumburg, Ill., wireless giant Motorola ( MOT).

"Anders has an excellent background in the telecoms industry which is an important focus for the Spirent Group going forward," Spirent Chairman John Weston said. "His substantial experience of international operations, strong organizational capabilities and customer orientation, and sound strategic thinking will be invaluable to Spirent."

Tellabs said its global operations unit would start reporting to CEO Krish Prabhu.

On Tuesday, Spirent was flat at $4.34 and Tellabs was off 7 cents at $7.71.

More from Technology

Amazon, Microsoft and Google Face Backlash over ICE, Military Deals

Amazon, Microsoft and Google Face Backlash over ICE, Military Deals

As Intel Loses Its CEO, How Well Can It Compete Against Nvidia?

As Intel Loses Its CEO, How Well Can It Compete Against Nvidia?

3 Great Stock Market Sectors Millennials Should Invest In

3 Great Stock Market Sectors Millennials Should Invest In

Video: What Oprah's Content Partnership With Apple Means for the Rest of Tech

Video: What Oprah's Content Partnership With Apple Means for the Rest of Tech

3 Must Reads on the Market From TheStreet's Top Columnists

3 Must Reads on the Market From TheStreet's Top Columnists