ots Ad hoc-Service: ADVA AG <DE0005103006> ADVA OPTICAL NETWORKING APPOINTS BRIAN PROTIVA AS CEO
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Martinsried/Munich, Germany; Ramsey/New Jersey, USA(ots Ad hoc-Service) - ADVA Optical Networking (German Neuer Markt: ADV), a leading global provider of optical networking solutions, today announced that Brian L. Protiva, Chief Strategy Officer, has been appointed to the newly-created position of Chief Executive Officer by the company's Supervisory Board. ADVA's change in corporate structure is the result of the company's efforts to focus its vision and unify leadership through clearer accountability, and follows the reporting of the company's 2000 financial results earlier today. The assumption of responsibility by one individual for integrating key management issues and implementing new business procedures will help prepare the company for further growth.
Brian Protiva co-founded ADVA in 1994 and has been highly instrumental in driving the company's growth to more than 398 employees at year-end 2000 and sales of EUR 60.7 million in 2000. He initially focused on creating ADVA's marketing, sales and growth strategy, but since April 2000 assumed responsibility for the areas of research and development, product marketing, and strategy. In the new company structure, the three executive officers, Brian P. McCann, Chief Sales & Marketing Officer, Stephan Offermanns, Chief Operating Officer, and Andreas G. Rutsch, Chief Financial Officer, will report directly to Brian Protiva and maintain the same areas of responsibility.
Published by: ADVA AG Optical Networking, Martinsried/Munich and Meiningen, Germany ADVA Optical Networking Inc., Ramsey/New Jersey, USA http://www.advaoptical.com
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