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Financial

ADC Reorganizes

MINNEAPOLIS -- ADC (Nasdaq: ADCT - news, www.adc.com - news), a leading global supplier of fiber optics, network equipment, software and integration services for broadband, multiservice networks, today announced a new organizational structure to better align the company to meet its strategic, operational and financial objectives. Under the leadership of Rick Roscitt, ADC's newly appointed Chairman and CEO, ADC has conducted a thorough portfolio and organizational review in order to compete more effectively, grow shareowner return and better meet its customers' business needs.

The features of the new ADC include:

A New Office of the Chairman
New Product and Service Organizations
A Strengthening of ADC's Market Approach

"I am quite pleased to announce today's changes and firmly believe that the new ADC is well positioned to compete going forward," said Roscitt. "I believe our renewed focus on the high-growth technology areas coupled with more efficient, streamlined operations will ensure our success. This is a move to ensure that ADC is prepared to grow aggressively on a global basis as our worldwide service provider customers increase their spending in the future."

http://www.adc.com
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