MRV Appoints Stephen Garcia Chief Financial Officer
MRV Communications, Inc. (OTCQB: MRVC) ("MRV" or the "Company"), a
leading provider of optical communications network infrastructure
equipment and integration and managed services, today announced it has
MRV Communications, Inc. (OTCQB: MRVC) ("MRV" or the "Company"), a leading provider of optical communications network infrastructure equipment and integration and managed services, today announced it has appointed Stephen Garcia as Chief Financial Officer and Beth Arnold as Vice President of Finance. Mr. Garcia and Ms. Arnold replace Chris King and Blima Tuller, respectively, whose last day at MRV was March 30, as previously announced. Mr. Garcia and Ms. Arnold were retained by the Company through an agreement it entered into with Avant Advisory Group, LLC on February 23, 2012. Mr. Garcia and Ms. Arnold have been working closely with Mr. King, Ms. Tuller and the rest of the MRV finance staff during this transition period to prepare for assuming their new responsibilities. Barry Gorsun, Chief Executive Officer of MRV, commented, “I am delighted to welcome Steve and Beth to the MRV executive team. They are outstanding professionals that will enhance our executive leadership team. I expect them to serve an important role in executing our operating and strategic plans.” "We thank Chris and Blima for their contributions to MRV; and particularly for facilitating an effective transition of the Finance Department in cooperation with Steve and Beth. We wish them the best in their future endeavors," stated Kenneth Traub, Chairman of the Board of Directors. “The Board fully supports Barry and his executive team which is focused on implementing our strategic plan to maximize shareholder value.” MRV engaged Avant Advisory Group, LLC to provide the Company with senior professionals with high-level finance experience who could serve in the Chief Financial Officer and VP, Finance roles. Garcia has over 20 years of financial and executive management experience in a number of sectors, including telecommunications. With Avant, Garcia has acted in the capacity of chief financial officer for other public and private companies. Arnold brings over 15 years of financial management experience. She is skilled in a number of industries, and is well-versed in SEC compliance and financial reporting.