William F. Reddersen, Veteran Telecom Industry Executive and Strategist, Appointed to Harmonic Board
Reddersen has held top corporate and divisional management positions at AT&T and BellSouth. Recently retired, he spent his last two years at BellSouth as the Executive Vice President of Corporate Strategy. In this capacity, he led BellSouth's corporate-wide strategy and business development activity. From 1993 to early 2000, Reddersen was responsible for BellSouth's Broadband strategy and business operations. During this time, BellSouth became one of the first Regional Bell Operating Companies (RBOCs) to introduce both data and video broadband services for residential customers. As a BellSouth executive officer and Group President of Value Added Services, he spearheaded their entry into the home entertainment business and integrated the Long Distance and Internet services with the broadband business. Prior to that, Reddersen held senior management positions with both BellSouth's regulated and unregulated businesses, and spent 18 years at AT&T in senior marketing, sales and operations roles. He is presently on the Board of Teraglobal Communications and Peak-10 Technology Gateway Services as well as the Advisory Boards of several technology services firms.
"As the cable, telecom, direct-to-home satellite and terrestrial broadcast markets converge, business and residential customers can expect a broader range of interactive services and more options for accessing those services," said Anthony J. Ley, Chairman, President and Chief Executive Officer of Harmonic. "Bill has a wealth of telecom industry experience and is broadly recognized for his vision and leadership. He has been a key driver of the strategy, development and delivery of video, voice and data in the telecom sector. We look forward to his participation on our Board of Directors."
Reddersen replaces David A. Lane who is retiring from the Board. Lane joined Harmonic's Board in 1992 as a representative of Harvard Management Company, an early private investor in the Company. "David's insight has been invaluable as Harmonic developed from a startup to a global provider of broadband solutions. His support and commitment to Harmonic's success are greatly appreciated. Though David is leaving our Board, he is still very much a part of the Harmonic family," added Ley.
The other members of Harmonic's Board of Directors are E. Floyd Kvamme, Anthony J. Ley, Lewis Solomon, Michel L. Vaillaud and David R. Van Valkenburg. "We continue to strengthen our already distinguished Board of Directors with seasoned business people who are independent of the management team, have tremendous industry experience and together provide a wide range of financial, technical and business expertise," said Ley.
About Harmonic Inc.Harmonic Inc. is a leading provider of digital video, broadband optical networking and IP delivery systems to cable, satellite, telecom and broadcast network operators. Harmonic's open standards-based solutions for the headend through the last mile enable customers to develop new revenue sources and a competitive advantage by offering powerful interactive video, voice and data services such as video-on-demand, high definition digital television, telephony and Internet access.
Harmonic (Nasdaq:HLIT) is headquartered in Sunnyvale, California with R&D, sales and system integration centers worldwide. The Company's customers, including many of the world's largest communications providers, deliver services in virtually every country. Visit www.harmonicinc.com for more information.
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including, but not limited to, the convergence of the cable, telecom, direct-to-home satellite and terrestrial broadcast markets, and customers' expectations of a broader range of interactive services and more options for accessing those services. These forward-looking statements are subject to risks and uncertainties. Actual results could differ materially from those projected in the forward-looking statements as a result of the risk factors set forth in documents that Harmonic files with the SEC, including reports on Form 10-K and 10-Q.
Editor's Note: Product and company names used here are trademarks or registered trademarks of their respective companies.
CONTACT: Harmonic Inc.
Robin N. Dickson, 408/542-2500
or
StreetConnect
Michael Newman, 408/542-2760
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