Ixia Chairman Steps Down

Errol Ginsberg elected as his successor

November 19, 2007

2 Min Read

CALABASAS, Calif. -- Ixia (Nasdaq:XXIA), a leading, global provider of IP performance test systems, today announced that Jean-Claude Asscher has decided to retire, effective December 31, 2007, as Chairman of the Board of Directors and as a Director of Ixia, positions he has held since 1997. In accepting Mr. Asscher’s resignation and in recognition of his significant contributions as a founder and director of the Company, the Board of Directors has elected Mr. Asscher to the honorary position of Chairman Emeritus, effective January 1, 2008. As Chairman Emeritus, Mr. Asscher may attend meetings of the Board and its Committees, but will not have any voting rights or be entitled to receive any compensation. The Board of Directors has elected Errol Ginsberg, a founder and CEO of Ixia, to succeed Mr. Asscher as Chairman of the Board, effective January 1, 2008.

“We are very much indebted to Mr. Asscher for his decade of service, leadership and contributions to Ixia. I also want to personally thank him for the friendship and mentoring he has provided to me over the years. His strong support and vision have helped guide the Company from its inception,” said Mr. Ginsberg. “Mr. Asscher was instrumental in helping found and build Ixia, and the Board and I welcome and congratulate him on his new role as Chairman Emeritus.”

“I have enjoyed greatly my association with Ixia over the years,” commented Mr. Asscher. “And I look forward to continuing my involvement as Chairman Emeritus. The Company has significantly strengthened its executive management team with the recent additions of Atul Bhatnagar as President and COO, and Alan Grahame as Senior Vice President of Worldwide Sales. Errol becoming Chairman is the logical next step for Errol and the Company, as Ixia prepares for its next phase of growth. I congratulate him and wish him well in his new role.”

Ixia (Nasdaq: XXIA)

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