Comverse (CMVT) has found a new chief.
The scandal-sodden telecom software shop says it has named Andre Dahan as its CEO. Dahan was the head of multimedia for AT&T Wireless before it was acquired by Cingular, now part of
"Andre will play a key role in the comprehensive strategic review that is now underway of the company's portfolio and of its corporate and capital structure," Chairman Mark Terrell said in a press release Wednesday.
Comverse was delisted from the Nasdaq in January for failure to file its financial reports for an entire year. The company was preoccupied by a review of its bookkeeping related to stock option backdating.
Former CEO Kobi Alexander, ex-finance chief David Kreinberg and onetime senior general counsel William Sorin were charged in August with defrauding shareholders by backdating options in a bid to "evade the accounting, disclosure and tax consequences of granting in-the-money options."
Kreinberg pleaded guilty to conspiracy and securities fraud in October and agreed to cooperate with federal prosecutors. The next month, Sorin pleaded guilty to conspiracy to commit securities, mail and wire fraud. Alexander fled to Namibia and was arrested there in September. He faces an extradition hearing this month.
Comverse, which trades on the pink sheets, was down 28 cents to $21.57.