Tellabs Exec Quits to Head Spirent

NAPERVILLE, Ill. -- Tellabs today announced that Anders Gustafsson, senior executive vice president - global business operations, is resigning effective July 28 to become chief executive officer at Spirent plc in the United Kingdom. Gustafsson, 44, has served in a variety of sales and operations leadership positions since joining Tellabs in 2000.

"We wish Anders well," said Krish Prabhu, chief executive officer of Tellabs. "Tellabs has a deep and capable leadership team in global business operations, and we're confident that this team will extend its strong performance."

Following this resignation, the global operations organization will report directly to Prabhu. This organization includes Tom Gruenwald, senior vice president-broadband networking products; Dan Kelly, senior vice president-core products; Peter Viereck, vice president-international; John Brots, vice president-supply chain management, North America; Juha Pankakoski, vice president-supply chain management, international; and Antti Kankkunen, vice president-product strategy and technology.

In a separate release:

CRAWLEY, U.K. -- Spirent plc (LSE: SPT; NYSE: SPM), a leading communications technology company, today announces that Mr Anders Gustafsson has been appointed as Chief Executive with effect from 2 August 2004.

Mr Gustafsson (44) has extensive experience in the telecommunications industry having held executive positions at Tellabs, Inc., a leading US network equipment manufacturer, most recently as Senior Executive Vice President of Global Business Operations. Prior to joining Tellabs in 2000, he spent eight years with Motorola, Inc. in various senior international sales and general management positions.

John Weston, Chairman of Spirent, commented, "Anders has an excellent background in the telecoms industry which is an important focus for the Spirent Group going forward. His substantial experience of international operations, strong organisational capabilities and customer orientation, and sound strategic thinking will be invaluable to Spirent. The Board is delighted to welcome Anders and is looking forward to working with him."

Commenting on his appointment Mr Gustafsson said, "Spirent is a leading-edge company with well established positions in the various markets it serves. I look forward to working with Spirent's management to steer the Company through the next phases of its development and to achieve its full potential for its stakeholders."

Tellabs Inc.

Spirent plc