PITTSBURGH, Nov. 16 /PRNewswire-FirstCall/ -- Tollgrade Communications,
Inc. (Nasdaq: TLGD), a leading supplier of network service assurance
products for the cable and telecom industries, announced today that Joseph
Ferrara, 41, Senior Vice President of Marketing and Sales, was promoted to
the position of President and Chief Executive Officer, effective
immediately. In addition, Mr. Ferrara was also named as a director on the
Company's Board of Directors.
(Logo: http://www.newscom.com/cgi-bin/prnh/20050603/CLF046LOGO )
Joe Ferrara succeeds Mark Peterson as the Company's chief executive, a
position he held at Tollgrade since January 2005. Mr. Peterson resigned
from his management position and his seat on the Board, effective
immediately, to pursue other career interests. He joined Tollgrade in 1997.
"We are grateful for the contributions made by Mark Peterson during his
tenure at Tollgrade," said Daniel P. Barry, Chairman of the Company's Board
of Directors. "He is credited with initiating Tollgrade's transformation in
a rapidly changing business environment. The addition of Joe Ferrara to the
management team this year was integral to our management succession
process. We are pleased to have Joe as our new chief executive and look
forward to supporting his efforts in accelerating Tollgrade's growth
strategies," added Barry.
Mr. Ferrara joined Tollgrade on August 1, 2007. He has a track record
in managing business transformations in the communications industry, most
recently with Ericsson where he managed the integration of Marconi North
America following its acquisition and was the General Manager of Ericsson's
Data Networks division.
Previously, Ferrara was CEO of Marconi's North American operations
where he managed the global business of its wireless and data networks
divisions. At Marconi, he held progressively more responsible positions as
Vice President of Business Operations, Vice President of Marketing and Vice
President of Customer Service. Prior to that, Ferrara was Associate Vice
President - North America Marketing for Startec Global Communications where
he led all marketing activities, including strategic planning, geographic
expansion and integration of acquired companies. He began his
telecommunications career with MCI where he held successive management
positions in product management, brand management and network services.
A resident of Pittsburgh, Joe Ferrara has a Masters in Business
Administration degree from the University of Maryland, as well as a
Bachelor of Science degree from the Pennsylvania State University.
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 status monitoring products, and next generation
network assurance technologies for the broadband marketplace. Tollgrade's
customers range from the top RBOCs (Regional Bell Operating Companies) and
Cable providers, to numerous independent telecom, cable and broadband
providers around the world. Tollgrade's network testing, measurement and
monitoring solutions support the infrastructure of cable and telecom
companies offering current and emerging triple play services. Tollgrade,
headquartered near Pittsburgh in Cheswick, Pa., and its products and
customer reach span over 300 million embedded access lines, more than any
other test and measurement supplier. For more information, visit
Tollgrade's web site at http://www.tollgrade.com
SOURCE Tollgrade Communications, Inc.
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Related links:
http://www.tollgrade.com/
Photo Notes:
NewsCom: http://www.newscom.com/cgi-bin/prnh/20050603/CLF046LOGO
AP Archive: http://photoarchive.ap.org
PRN Photo Desk, photodesk@prnewswire.com
http://www.prnewswire.com/comp/849775.html /
CONTACT:
Bob Butter of Tollgrade Communications, Inc.,
Corporate Communications, +1-412-820-1347, +1-412-736-6186 -
cell, bbutter@tollgrade.com
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