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Zeev Bregman, the Chief Executive Officer of Comverse Inc., has decided to leave the company on March 31st
February 7, 2007
NEW YORK -- Comverse Technology, Inc. (OTC: CMVT.PK) today announced that Zeev Bregman, the Chief Executive Officer of its Comverse, Inc. subsidiary, has decided to leave the company on March 31st. Yaron Tchwella, the President of Comverse, Inc.’s InSight Open Services Environment (Messaging) Group and a 10-year veteran of the company, has been named President and will lead Comverse, Inc. after Mr. Bregman’s departure. Mr. Bregman will work closely with Mr. Tchwella and Comverse Technology’s Board of Directors to ensure a smooth transition.
Mark C. Terrell, Chairman of Comverse Technology’s Board stated, “Zeev has led a fundamental transformation of Comverse, Inc. – steering it through the telecom crisis, significantly increasing revenues and building it from a narrowly focused voice mail business into a market leading, diversified communications software company. Comverse, Inc. has become a truly global company, with a greatly expanded customer base and a well earned reputation for bold technological innovations. While we will certainly miss him, we respect his decision to leave the company and thank him for his years of dedicated service.”
Mr. Bregman commented, “After nearly 20 years with Comverse, Inc. – including more than six years as CEO – I have decided to leave the company to explore other opportunities, as well as to spend more time with my family. I have enormous confidence in our employees and our management team, and in the expertise of our new Board of Directors. I look forward to working with Yaron and everyone else involved to ensure that this transition takes place smoothly, with no effect on our services to customers or our intense focus on delivering value to our investors. The best interests of the company remain my first priority.”
Mr. Terrell also said, “We are pleased that Yaron Tchwella has agreed to lead Comverse, Inc.’s business. Yaron is a talented, experienced executive with a strong track record of success, deep knowledge of our operations, products and customers and a thorough understanding of the challenges resulting from changing industry dynamics.”
Comverse Inc. (Nasdaq: CNSI)
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