Alvarion Seeks New CEO

Alvarion announced that Tzvika Friedman, president and CEO, has requested that the board of directors begin a search for a new CEO

July 29, 2009

1 Min Read

TEL AVIV -- Alvarion Ltd. (NASDAQ:ALVR - News), the world’s leading provider of WiMAX and wireless broadband solutions, today announced that Tzvika Friedman, President and CEO, has requested that the board of directors begin a search for a new CEO, stating that he intends to remain in the position until his replacement is in place.

“I am proud to have been part of Alvarion’s success for the past ten years – four of them as CEO, leading a great team of people,” said Mr. Friedman. “Together we have sustained Alvarion's leadership in the broadband wireless market, and in WiMAX in particular. Today, Alvarion is poised to achieve even greater success, given its outstanding reputation in broadband wireless access, portfolio of advanced solutions, track record of strategic customer wins and array of new opportunities. I believe it is an appropriate time to introduce new leadership to take the company to the next level. For me, it’s time to take a break, reconnect with my family, and pursue other business and personal interests. I have the greatest confidence in Alvarion’s future and look forward to supporting the new CEO and the rest of the team in any way I can.”

“The board accepts Tzvika’s decision with regret and great appreciation for his contribution to the company,” said Anthony Maher, Chairman of the Board of Alvarion. “Under his leadership, Alvarion, together with its partners and customers, successfully challenged the status quo with Open WiMAX and accelerated the development of 4G wireless broadband solutions. Tzvika and his team have positioned Alvarion among a handful of world-class companies leading the WiMAX industry, and the company’s future has never been brighter.”

Alvarion Technologies Ltd. (Nasdaq: ALVR)

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