PITTSBURGH -- Tollgrade Communications, Inc. (Nasdaq:TLGD) is pleased to announce today the appointment of Edward H. Kennedy as Chairman of the Board. Mr. Kennedy has been an independent board member of the Company since June 2009. As Chairman, Mr. Kennedy will work actively with Joe Ferrara, Tollgrade's CEO and President, in streamlining operations, focusing resources on organic growth initiatives and evaluating the Company's strategic alternatives to create shareholder value.
"Ed brings tremendous talent, leadership and executive experience to the Tollgrade team," said Mr. Ferrara. "He will be an invaluable resource to help us move the Company into an exciting new phase of development and to help unlock shareholder value," he added. "I look forward to working with him in his new role as Chairman."