San Jose, CA – October 5, 2004 – Symmetricom (NASDAQ: SYMM), a leading global supplier of atomic clocks and network synchronization and timing solutions, today announced the appointment of three senior sales and marketing executives. This new talent brings additional strength to the senior management of the company as it begins to realize new growth opportunities in the North American and international synchronization and timing markets.
Joining the company are John Yuzdepski as chief marketing officer, Nancy Shemwell as senior vice president of sales and service, both newly created positions reporting to CEO Tom Steipp, and Gurdip Jande, vice president of marketing for the Telecom Solutions Division, reporting to division executive vice president and general manager Rick Stroupe.
“These are senior executives who come from carriers, telecom network equipment manufacturers and service providers with proven track records in leading dynamic growth across diverse, global businesses. Each has specific skills in identifying and managing growth as well as demonstrated success in sales, marketing and general management.” commented Tom Steipp, Symmetricom’s chief executive officer. “This new talent complements an existing core team that has identified an exciting set of growth opportunities and which is now focusing on execution.”
John Yuzdepski joins Symmetricom with over twenty years of experience in the defense, telecommunications, and enterprise software markets. Prior to joining Symmetricom, Mr. Yuzdepski was vice president of sales and marketing at Alloptic, a leading innovator in the Ethernet fiber optic access market, and vice president and general manager of Openwave Systems’ Messaging Group in Redwood City, CA. Previously, he was a vice president at Sprint Corporation where he led product management and development for Sprint PCS during its fastest growth phase. He has served on numerous telecommunication industry association initiatives including the board of directors of the WAP Forum and the Wireless Internet Caucus of the CTIA. Mr. Yuzdepski holds undergraduate degrees in Business and Computer Science and an MBA from the University of Chicago Graduate School of Business.
With twenty-five years in the telecommunications industry, Ms. Shemwell has held a variety of senior positions with global business responsibilities including assignments in Europe and North America. Her experience covers a broad spectrum of general management, sales, and marketing roles in rapidly developing markets. Previous positions include that of president and CEO of Jovial Test Equipment, a sixteen year career with Nortel Networks where she held titles of president, Micom Communications Corporation (a Nortel subsidiary), vice president business segments, vice president sales and marketing Wiltel (Nortel’s largest enterprise distributor) and director marketing for Europe, Middle East and Africa. Ms. Shemwell holds a Bachelor of Business Administration from Baylor University and a Master of Science in Business Administration from the American Technological University
Gurdip Jande was most recently vice president of marketing at Larscom where he successfully launched the company's Ethernet Access product portfolio including the industry's first implementation of the GFP-based Ethernet over SONET standards. With more than 19 years of industry experience, Mr. Jande has held executive level positions with Nortel Networks, including vice president of marketing, vice president of corporate business development, as well as in other functional areas such as network planning and engineering. During his tenure with Nortel, Mr. Jande successfully launched new market-leading initiatives for service providers and corporate networks in North America, Europe, and Latin America. Mr. Jande earned a B.A.Sc. in electrical engineering from the University of Ottawa, Canada, and an MBA from the University of Miami, Florida.
Safe Harbor
This press release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and is subject to the safe harbor created by those sections. These forward-looking statements include statements concerning growth opportunities and Symmetricom's realization of those opportunities. Symmetricom's actual results could differ materially from those projected or suggested in these forward-looking statements. Factors that could cause future actual results to differ materially from the results projected in or suggested by such forward-looking statements include: reduced rates of demand for telecommunication products or test and measurement products, ability to maintain and improve gross margins, timing of orders, cancellation or delay of customer orders, difficulties in manufacturing products to specification or customer volume requirements, customer acceptance of new products, customer delays in qualification and field trials of key new products, geopolitical risks such as terrorist acts and the risk factors listed from time to time in Symmetricom's reports filed with the Securities and Exchange Commission, including but not limited to, the report on Form 10-K for the year ended June 30, 2004 and subsequent Form 10-Q and Form 8-K filings.