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 and development.”
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 SonicWALL, Inc.
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. Visit www.merunetworks.com 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 forward-looking statements.
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