SR Telecom CEO Quits

Pierre St-Arnaud resigns as SR Telecom's president and CEO; William Aziz, chief restructuring officer, will assume the role on an interim basis

July 25, 2005

1 Min Read

MONTREAL -- SR TelecomTM Inc. (TSX: SRX; Nasdaq: SRXA) announced today that Pierre St-Arnaud has resigned as the Company’s President and Chief Executive Officer. Mr. St-Arnaud will continue to sit on the Company’s Board of Directors.

Mr. St-Arnaud joined SR Telecom in 2000 as President and Chief Operating Officer and was appointed CEO in April 2001. Under his leadership, SR Telecom broadened its product portfolio through the acquisition of assets from Lucent Technologies and Netro Corporation, launched new technology platforms giving access to new and growing markets, and streamlined its manufacturing, R&D and sales processes.

“The initiatives guided by Mr. St-Arnaud have played a crucial role in strengthening the company’s competitiveness and positioning it as the global leader in WiMAX-ready, OFDM Broadband Wireless Access solutions. In fact, Pierre’s vision led to the acquisition and development of a series of products that currently account for approximately two-thirds of our revenues,” said Lionel Hurtubise, Chairman of SR Telecom’s Board of Directors. “We are very pleased that Pierre will continue to serve on the Board, and to contribute to the further development of the Company.”

Mr. William Aziz, the Company’s Chief Restructuring Officer, will assume the CEO role on an interim basis.

SR Telecom Inc.

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