Concurrent CEO Steps Down
ATLANTA -- Concurrent (NASDAQ: CCUR - News), a worldwide leader of on-demand technology that is shaping the future of television, announced today that telecommunications leader Dan Mondor is joining Concurrent to assume the role of Chief Executive Officer effective April 23, 2008. Mr. Mondor is also joining Concurrent’s Board of Directors. Coinciding with Mr. Mondor’s arrival, Gary Trimm is retiring from his role as Chief Executive Officer and will resign from the Board of Directors. Both Mr. Trimm and Mr. Mondor will participate on the company’s earnings conference call on April 25, 2008. Following his retirement, Mr. Trimm will continue to serve as a part-time consultant for Concurrent. Mr. Trimm has served as Chief Executive Officer since the summer of 2004.
Mr. Mondor has over 28 years of industry experience with leading global corporations in general management, sales, marketing, and strategic planning. Prior to joining Concurrent, Mr. Mondor held a number of senior executive positions with Mitel Network Solutions, Inc., Nortel Networks, Inc. and Siemens Corporation. Most recently, he was President of Mitel Networks Inc., with responsibility for Mitel's US region. Prior to joining Mitel, he was Vice President and General Manager of Nortel's global Cable MSO business and held a number of senior executive positions during his 16 year career at Nortel. He was with Siemens AG from 1984-90 and began his career with Bell-Northern Research. A native of Canada, Mr. Mondor has a Masters of Engineering from the University of Ottawa and a BS in Electrical Engineering from the University of Manitoba.
Steve Nussrallah, Concurrent's chairman of the board, stated, “I am excited that Dan will be leading Concurrent. He brings tremendous industry experience and business leadership to the company that we expect will launch Concurrent to a new level. Gary Trimm did an excellent job turning the business around and built a strong foundation that we believe Dan Mondor will be able to capitalize upon for the benefit of our employees and shareholders. We believe Concurrent has a great future with an excellent lineup of next generation products in our Video on Demand and Real Time businesses. We have a great team in place to address these and our new initiatives in Advanced Advertising, High Performance Storage, and Audience Measurement.”
Mr. Trimm commented, “I've had the great satisfaction to serve as the CEO of a wonderful company, and I am delighted that Dan Mondor will continue to build on the work we have done over the last four years. Dan is an industry veteran who has a proven track record of driving revenue growth. We are excited about the skill and leadership qualities Dan brings to the job. In addition, the board and I are committed to assuring a successful transition and I look forward to remaining in a consulting capacity to help ensure that Dan and Concurrent are successful.”
Concurrent Computer Corp. (Nasdaq: CCUR)