Tollgrade Names CEO

Tollgrade promotes Joseph Ferrara to president and CEO

November 16, 2007

1 Min Read

PITTSBURGH -- Tollgrade Communications, Inc. (NASDAQ:TLGD) , a leading supplier of network service assurance products for the cable and telecom industries, announced today that Joseph Ferrara, 41, Senior Vice President of Marketing and Sales, was promoted to the position of President and Chief Executive Officer, effective immediately. In addition, Mr. Ferrara was also named as a director on the Company's Board of Directors.

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Joe Ferrara succeeds Mark Peterson as the Company's chief executive, a position he held at Tollgrade since January 2005. Mr. Peterson resigned from his management position and his seat on the Board, effective immediately, to pursue other career interests. He joined Tollgrade in 1997.

"We are grateful for the contributions made by Mark Peterson during his tenure at Tollgrade," said Daniel P. Barry, Chairman of the Company's Board of Directors. "He is credited with initiating Tollgrade's transformation in a rapidly changing business environment. The addition of Joe Ferrara to the management team this year was integral to our management succession process. We are pleased to have Joe as our new chief executive and look forward to supporting his efforts in accelerating Tollgrade's growth strategies," added Barry.

Tollgrade Communications Inc.

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