Tekelec Appoints New COOTekelec Appoints New COO

Lori Craven replaces David Heard as chief operating officer at Tekelec

March 25, 2004

2 Min Read

CALABASAS, Calif. -- Tekelec (Nasdaq:TKLC - News) announced today that Lori Craven has been appointed Chief Operating Officer. In this role, she will continue to support the Global Sales and Marketing Group, as well as assume responsibilities for supporting the signaling and next-generation switching business units. Effective immediately, David Heard has left Santera to pursue other interests. With David's departure, Lori will assume responsibilities for directly supporting the Santera Next-Generation Switching Business Unit.

Tekelec President and CEO Frederick M. Lax, commented, "As we continue to make progress on our key strategic objectives of leveraging our signaling platform to offer more value-added applications to our customers, developing our next-generation switching portfolio, and prudently pursuing global expansion, it is important that we further align our leadership team to advance these strategic objectives. As our business grows and becomes more global, we are committed to maintaining Tekelec's operational excellence. As Chief Operating Officer, Lori will focus on enabling our business units to continue to work together effectively, to allow our customer-facing organizations of sales, marketing and customer service to support our growing customer base and to ensure that our customers benefit from the totality of Tekelec's signaling and switching expertise. Her extensive signaling and switching product experience and demonstrated leadership ideally position her for this role.

"I want to thank David for his efforts and wish him well in his new pursuits. As Tekelec continues to grow and evolve, I believe we are well positioned to support our customers with new and evolving next generation switching and signaling products and we have a strong team that will make this happen."

Lori Craven joined Tekelec in January 2002 as the Vice President and General Manager of the Network Systems Division and has been leading Tekelec's Global Sales and Marketing Group since August 2003. Lori has significant experience in product management, software development, global sales and marketing, and strategic planning. She joined Tekelec from Lucent Technologies, where she last served as Vice President, Mobility Solutions Development. In this capacity, Craven headed Lucent's organization responsible for developing and integrating network infrastructure and applications for third generation (3G) wireless networks, primarily based on Universal Mobile Telecommunications System (UMTS).

Craven earned a Master in Business Administration (MBA) from Northwestern University, a Master of Science in Computer Engineering from Stanford University, and a Bachelor in Computer Science from Oregon State University.

Tekelec Inc.

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