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8-K - FORM 8-K - TOLLGRADE COMMUNICATIONS INC \PA\ | l39980e8vk.htm |
Exhibit 99.1
NEWS RELEASE |
Contact: Barb Beck/ Office: 412-820-1334/ bbeck@tollgrade.com
EDWARD H. KENNEDY APPOINTED TOLLGRADE CEO
A PROVEN LEADER, KENNEDY BRINGS SUCCESSFUL TRACK RECORD TO TOLLGRADE HELM
PITTSBURGH, PA June 8, 2010 Tollgrade Communications, Inc. (NASDAQ: TLGD), a leading
supplier of network service assurance test products and solutions, announced today that Edward H.
Kennedy, 55, has been appointed Chief Executive Officer and President. Mr. Kennedy has served on
Tollgrades Board of Directors since June 2009 and was elected Chairman of the Board in March 2010.
Mr. Kennedy will continue to serve as Tollgrades Chairman.
Mr. Kennedy is an experienced chief executive with a successful track record of creating value at
companies in the communications equipment industry. He was recently Chairman, CEO and President of
Rivulet Communications, Inc., a video networking equipment company. Previously, Mr. Kennedy held
executive positions in leading telecom companies such as Tellabs, as President, and Ocular
Networks, as CEO and President, as well as other executive-level positions at Alcatel and Newbridge
Networks.
Mr. Kennedy succeeds Joseph Ferrara as the Companys chief executive, a position he had held since
November 2007. Mr. Ferrara has left the Company to pursue other opportunities.
We appreciate the contributions that Joe made during his tenure at Tollgrade and wish him well in
his future endeavors, said Mr. Kennedy. He added, I am honored and excited to lead Tollgrade at
this important time in its evolution. With our strong customer relationships, well-established
technology, and unique value proposition in the markets that we serve, we are steadfastly committed
to delivering value to our customers and to our shareholders.
About Tollgrade
Tollgrade Communications, Inc. is a leading provider of network service assurance products and
services for centralized test systems around the world. Tollgrade designs, engineers, markets and
supports centralized test systems, test access and next generation network assurance technologies.
Tollgrades customers range from the top telecom providers, to numerous independent telecom and
broadband providers around the world. Tollgrades network testing, measurement and monitoring
solutions support the infrastructure of telecom companies and power distribution companies. For
more information, visit Tollgrades web site at www.tollgrade.com.