Carrier Access CFO Quits

Timothy Anderson resigns, replaced by founder Nancy Pierce; Ernie Hafersat becomes engineering VP, Steven Tillman associate VP, Global Sourcing

November 19, 2004

2 Min Read

BOULDER, Colo. -- Carrier Access Corporation (NASDAQ: CACS - News), a leading provider of communications access technologies, said Thursday that its chief financial officer (CFO), Timothy R. Anderson, has resigned to pursue another CFO opportunity in Colorado. Nancy Pierce, the Company's co-founder and corporate development officer, will take responsibility as interim CFO, effective immediately. Pierce previously served as CFO for Carrier Access from 1992 through 2000, and managed the Company's initial public offering in July 1998. Pierce will continue as a member of the Carrier Access board and as corporate development officer, while a search is conducted.

Carrier Access chief executive officer and president Roger Koenig stated: "Tim brought strong financial management to our business operations and the company has benefited from his many contributions over the years. We appreciate his dedication to Carrier Access and wish him all the best."

In a separate release:

BOULDER, Colo. -- Carrier Access Corporation (NASDAQ: CACS - News), a leading provider of communications access technologies, announced today that it has added two new members to its executive management team to expand leadership in electronics manufacturing costs, quality and global sourcing.

Ernie Hafersat joins the Company as vice president of Manufacturing. His experience includes more than 20 years of high-volume, fast-cycle electronics manufacturing management for disk storage and radio frequency product businesses. During the last 10 years, Hafersat has served as senior director at Maxtor Corporation, and vice president and general manager at Vari-L and Read-Rite, respectively. His experience in rapid product cycles, high-volume quality management and low-cost electronics design and sourcing are intended to accelerate Carrier Access' manufacturing cost reductions and new product introductions. Hafersat earned an IE/EE degree from Kentucky Christian University.

Steven Tillman has been named associate vice president, Global Sourcing. Tillman's career includes more than 20 years of engineering, manufacturing management and global sourcing experience with AT&T, Lucent Technologies and Avaya, Inc. Most recently, Tillman was director of Procurement at Avaya. His team delivered continuous yearly cost and quality goal improvements for more than $400 million of supply chain outsourced product manufacturing over a four-year period. Tillman earned a B.S. in Electrical Engineering from Virginia Tech, an M.S. in Electrical Engineering from Caltech, and an MBA from Purdue University.

"We are very pleased to have Ernie and Steve join our executive team. We believe their experience will help us to further our efforts to reduce our manufacturing costs and new product introduction cycles, while expanding our sourcing partner base," said Roger Koenig, president, CEO and chairman. "Their extensive electronics manufacturing and management experience will be valuable in the implementation of our strategies in world-class volume, cost and quality deliveries for our communications equipment product offerings."

Carrier Access Corp.

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