Paramus, New Jersey, March 15, 2011 - Ceragon Networks Ltd. (NASDAQ:
CRNT), the premier wireless backhaul specialist, today announced detailed plans to
optimize its organizational structure following the acquisition of Nera Networks in
January 2011.
The new organizational structure consists of three solution groups – Short
Haul Solutions, Long Haul Solutions and Projects & Services – supported by a global
sales organization. Dedicated resources within each group will provide Ceragon with the
ability to respond quickly with the best solution and stay close to its customers. As part
of this process, Ceragon will reduce its workforce by approximately 200 full-time
positions, which will enable the company to achieve its target level of operating expense
in the combined business.
The Short Haul Solutions group will focus on products and solutions in the Access
and Aggregation backhaul segments. This group will be led by Hagai Zyss, previously
Ceragon’s EVP of Research & Development.
The Long Haul Solutions group will focus on trunk and multi-carrier solutions for
long haul and wireless backbone applications. This group will be led by Eyal Assa,
previously Ceragon’s EVP & COO Sales.
The Projects & Services group will focus on providing a complete turnkey project
offering including engineering, installation, commissioning and project management
services. This group will be led by Ole Lars Oye, previously the Senior Vice President,
Global Projects at Nera Networks
Supporting these three groups will be a Corporate Marketing organization lead by
Udi Gordon. Worldwide sales will be organized under the Global Business organization
led by Eran Westman in six geographies.
North America, headed by Ms. Jayne Leighton
South America, headed by Mr. Billy Cain
Asia Pacific, led by Mr. Peter Humphreys
Ceragon Networks Aligns Operations – March 15, 2011
India, led by Mr. Ram Prakash Tripathi
Europe, led by Mr. Thomas Knudsson
Africa, led by Mr. John Earley
“One of the major benefits of merging with Nera is the complementary nature of
the two companies. In combining the two organizations, our challenge is to capitalize on
these complementary characteristics, while also identifying sufficient synergies to reach
an appropriate operating expense level for the company,” said Ira Palti, President and
CEO of Ceragon Networks. “During the integration, we identified the areas where Nera
is adding a higher level of operating expenses - and we also have been able to identify a
similar amount of additional efficiencies. Therefore, we are retaining our original target
for operating expenses once the integration is completed.
“It is always difficult to lose talented people, even as a result of job redundancies.
This move will enable Ceragon to achieve our objective of creating a fully-integrated
global organization, consisting of 1,200 employees, strategically aligned to focus on our
customer needs.”
