|By Business Wire
|February 19, 2013 01:02 PM EST
Meru Networks, Inc. (NASDAQ:MERU), a leader in virtualized wireless LAN
solutions, today announced that three of its current board members had
assumed new leadership positions on the company’s board of directors and
its committees. Harold (Harry) Copperman, a member since 2010, has been
named Lead Director. Chuck Kissner, a member since 2011, has been named
Chairman of the Nominating and Governance Committee and Barry Newman, a
member since 2006, has been named Chairman of the Audit Committee.
“Harry, Chuck and Barry have served Meru well and are extremely well
positioned to help lead the company at this transformative time,” said
William Quigley, chairman of the board at Meru and managing director for
Clearstone Venture Partners. “We are extremely pleased that they have
moved into these roles, and Bami and I are excited about working with
them toward achieving the company’s strategic plan.”
Harold (Harry) Copperman is an independent venture capital and private
equity investor and was most recently president and chief executive
officer at HDC Ventures Inc. Prior to that, Copperman held executive
positions at Digital Equipment Corp., JWP Information Services,
Commodore Business Machines Inc., Apple and IBM.
“I am pleased to be named lead director of the Meru board,” said
Copperman. “This will be a transformational year for the company and I
am looking forward to playing an important role in its continued growth
Chuck Kissner serves as chairman of Aviat Networks, where he previously
served as chief executive officer. Prior to that, he served as chairman
and chief executive officer of Stratex Networks and held executive
positions at M/A-COM, Inc., Aristacom International, Fujitsu Network
Switching, Inc., and AT&T. He serves on the board of ShoreTel, Inc.,
Rambus, Inc., and KQED Public Media and was previously a director of
Barry A. Newman has served as vice chairman of the technology group at
Bear Stearns, and held executive positions at Banc of America
Securities, Nationsbanc Montgomery Securities, Salomon Brothers, Salomon
Smith Barney, Anthem Partners and Odyssey Partners. He serves on the
boards of StudyDog, Inc., and CollabRx, Inc., is the managing director
of Rutberg and Company, L.L.C. and is the founder and chairman of the
board of Erie Engineering Products, Inc.
“The appointment of these experienced leaders to these positions on the
Meru board of directors is in keeping with our commitment to help bring
new and fresh perspectives to key leadership roles on the board and to
rotate responsibilities,” said Dr. Bami Bastani, president and chief
executive officer of Meru.
About Meru Networks
Meru Networks (NASDAQ: MERU) designs, develops, and distributes
virtualized wireless LAN solutions that provide enterprises with the
performance, reliability, predictability and operational simplicity of a
wired network with the advantages of mobility. Meru Networks eliminates
the deficiencies of multichannel, client-controlled architectures with
its innovative, single-channel, virtualized network architecture that
easily handles device density and diversity. Meru wireless LAN solutions
are deployed in major vertical industries including Fortune 500
businesses, education, hospitality, healthcare and retail supply chain.
Founded in 2002, Meru is headquartered in Sunnyvale, Calif., with
operations in North America, Europe, the Middle East and Asia Pacific.
or call (408) 215-5300 for more information.
This news release contains forward-looking statements about Meru
Networks expectations, hopes, plans, intentions, or strategies,
including, the company’s belief that it sits at the beginning of a
transformative year and period of real change, opportunity and growth
for the company, and that the company is well positioned for what the
company believes is a transformative time. These forward-looking
statements involve risks and uncertainties, as well as assumptions,
which, if they do not fully materialize or prove incorrect, could cause
our results to differ materially from those expressed or implied by such
forward-looking statements. The risks and uncertainties include those
described in Meru Networks’ documents filed with or furnished to the
Securities and Exchange Commission. All forward-looking statements in
this news release are based on information available to Meru Networks as
of the date hereof. Meru Networks assumes no obligation to update these
Meru Networks is a registered trademark of Meru Networks, Inc. All other
trademarks are the property of their respective owners.
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