SUNNYVALE, Calif. -- Redback Networks, Inc., (NASDAQ: RBAK), a leading provider of advanced networking solutions, today announced that senior vice president and chief financial officer (CFO) Craig Gentner has announced his intention to retire from Redback in the first quarter of 2001. Gentner, who is retiring due to family medical issues, will continue managing financial operations and remain with the Company until his replacement is named. Additionally, the financial guidance from the October 11, 2000 conference call remains unchanged due to strong business demand.

In support of the Gentner family, Redback will make a contribution to the National Organization of Rare Disorders (NORD). This donation is specifically directed to the research of the degenerative disease Primary Lateral Sclerosis. PLS is a rare, adult neurological disease affecting the central motor neurons. Information on NORD and PLS can be found at http://www.rarediseases.org.

"Redback has clearly benefited from the experience, integrity and execution of Craig Gentner," said Vivek Ragavan, president and chief executive officer of Redback. "Under Craig's leadership, our company has grown significantly and is fundamentally stronger. While I am sorry to see him leave, I am pleased that Craig chose Redback to complete his highly successful career, and that we were able to benefit from his contributions. We wish him a well deserved and enjoyable time with his family."

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