Featured Story
Vodafone and Three merger looks shaky after BT's latest attack
BT draws attention to the unworkability of behavioral remedies and says the only effective structural one is prohibition.
Ruben Markus, most recently executive VP of global sales and marketing at ECI Telecom, will joins TTI Telecom as CEO
October 31, 2005
PETACH TIKVA, Israel -- TTI Team Telecom International Ltd. (NASDAQ: TTIL) ('the Company'), a global supplier of Operations Support Systems (OSS) and Business Support Systems (BSS) to communications service providers, today announced that Ruben Markus, most recently Executive Vice President of Global Sales and Marketing at ECI Telecom, will be appointed Chief Executive Officer of the Company effective December 1st. Markus will replace Meir Lipshes, who has served as interim CEO since March 2005 and will remain as an active Chairman of the Board of Directors.
"Ruben's demonstrated ability to increase sales and his prior CEO experience are perfect complements to TTI Telecom post-restructuring," stated Meir Lipshes, Chairman and Interim CEO of TTI Telecom. "Coming at the heels of two consecutive quarters of operational and financial improvement, we expect Ruben's understanding of the industry trends driving customer demand and expertise in managing large sales opportunities to leverage this newly-built foundation to fuel the Company's growth in 2006 and beyond. I join the other Board members and all employees in welcoming Ruben to TTI Telecom and look forward to the Company's future success."
Commenting on his appointment, Markus stated, "The results of the restructuring, when combined with the service provider community's migration to next-generation communication technologies, have ensured that TTI Telecom is well positioned to capture greater opportunities going forward. With market-leading technology and a world-class customer base supported by committed employees, TTI Telecom stands at an excellent launching point for growth. I am very pleased to be a part of the TTI Telecom family and believe that together we can achieve our goals."
Mr. Markus was most recently Executive Vice President, Global Sales & Marketing at ECI Telecom, where he was responsible for ECI's global distribution arm and achieved 10 consecutive quarters of sales growth. Prior to this at ECI Telecom, he was Executive Vice President, Global Sales & Strategy and a member of the executive management team, where he assumed the responsibility for re-creating a unified worldwide distribution arm and strategy and business development disciplines following ECI's decision to re-establish itself as an integrated business entity. In this position, Mr. Markus oversaw the sales turn-around of the company from an all-time low of less than $90M per quarter (2Q03) to the current run rate of approximately $150M per quarter (2Q05) while penetrating new, major emerging markets. Prior to ECI, Mr. Markus was the CEO of Enavis, a spin-off of ECI's Transport Networks Division, where he created an organization of approximately 560 employees. While at Enavis, he weathered the telecom recession and led the company through a major restructuring while maintaining positive cash flow.
TTI Telecom International Ltd.
You May Also Like