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Riverstone Appoints Ressner to Board

Riverstone, provider of carrier-class switches and routers, adds Michael Ressner to its Board of Directors

November 7, 2003

2 Min Read

SANTA CLARA, Calif. -- Riverstone Networks today announced that Michael P. Ressner has been appointed to the company's board of directors. Ressner, an executive with over 20 years experience in the telecommunications industry, has held a number of senior financial management positions with networking, telecommunications and technology companies.

"Michael not only has significant strategic leadership, financial reporting, corporate governance and business management experience, but he also possesses a deep understanding of the technology and competitive aspects of this industry," president and chief executive officer Oscar Rodriguez said. "Riverstone expects to benefit from his knowledge and guidance as a financial and business strategist. We look forward to his joining our Board of Directors as we continue to strengthen our corporate leadership and help evolve the strategy for the company."

Mr. Ressner currently holds several board positions with companies such as Entrust, WilTel Communications and Arsenal Digital Solutions. He is also a venture advisor with the Southeast Interactive Technology Fund, Research Triangle Park, NC, which focuses on emerging technology companies, including those in the data storage, wireless communications, imaging and semiconductor sectors.

Mr. Ressner's senior management experience includes a 22-year tenure at Nortel Networks, where he held the positions of vice president and general manager, vice president of finance and CFO, in Raleigh, NC and Santa Clara, CA.

"The networking and telecommunications industries have evolved tremendously in recent years and are now more dynamic and segmented than at any time in history," Ressner said. "In response, Riverstone's new management team is formulating a strategy to align the company's core competencies and technological leadership with the most appropriate segments of this new market. I look forward to assisting Oscar and his team in defining and implementing a plan to bring greater value to both customers and shareholders."

Riverstone Networks Inc.

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