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Avici Names Finance Chief

Bill Stuart joins from Still River Funds.
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Avici Systems

(AVCI)

named William J. Stuart chief financial officer.

The North Billerica, Mass., networking company said Stuart joins Avici from Still River Funds, a venture capital organization focused on investments in the information technology, communications and life sciences industries.

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"We're very excited to welcome Bill to the Avici team," said CEO Bill Leighton. "With his financial acumen and strategic insight, Bill is exceptionally well suited to guide Avici's strategic direction going forward."

Stuart had previously held the position of vice president of business development for

ADC Telecommunications

(ADCT) - Get ADC Therapeutics Ltd Report

.