Ned Hayes CFO, Aviat Networks
Formerly CFO at Pillar and Quantum
This is a Press Release edited by StorageNewsletter.com on November 9, 2011 at 2:55 pm
Aviat Networks, Inc. appointed
Edward J. (‘Ned’) Hayes, Jr. as senior vice president and chief financial
officer.
In this role, Mr. Hayes will oversee the company’s global financial
and IT operations.
"Ned has significant public company
experience. Serving in previous CFO posts, he has consistently demonstrated the
ability to make transformative business and financial decisions that move
companies along their strategic agenda," said Michael Pangia,
president and chief executive officer of Aviat Networks. "His addition to our management team will
further enhance our ability to drive the business forward, translate
operational efficiencies into improved financial performance, and execute with
a focused momentum and renewed energy."
Mr. Hayes,
incoming CFO, said: "Aviat Networks
is a recognized technology leader in the mobile backhaul market with a long
history of loyal customers and innovative products and solutions. The company
has a proven track record of success, recently refocused itself on its core
competencies, a strong management team and a solid balance sheet. I believe
that Aviat Networks is well positioned for future growth and profitability and
I look forward to supporting the company in its plans to create shareholder
value."
Prior to his
appointment at Aviat Networks, Mr. Hayes spent the last five years as the chief
financial officer at Pillar Data
Systems, Inc., an enterprise data storage company, until its recent
acquisition by Oracle Corporation. In this capacity, he transformed the finance
group into a world-class organization and, along with the management team,
restructured global operations to drive revenue growth, operating expense
optimization and cash management. Before joining Pillar Data, he served as
executive vice president and chief financial officer of Quantum Corporation, a $1B data storage company publicly traded on
the NYSE. Mr. Hayes also served as president and chief executive officer of
DirecTV Broadband, Inc., an internet service provider and executive vice
president and chief financial officer of Telocity,
Inc., an internet service provider which the management team took public in
March of 2000 and then sold to DirecTV in March of 2001. Prior to his position
at Telocity, he served as the financial vice president and chief financial
officer in two of Lucent Technologies‘
largest divisions, including the $25 billion Global Service Provider Business.
He has also held senior financial management positions at other multi-national
companies such as Unisys Corporation,
Asea Brown Boveri (ABB), and Credit
Suisse First Boston. He has previously served as an independent director
and Chair of the Audit Committee of New
Wave Research, Inc. and as an independent director of and Chair of the
Audit Committee of NPTest, Inc.
Mr. Hayes
currently serves on the board of Super Micro Computer, Inc. as an independent
director and Chair of the Audit Committee and as an independent director and
non-executive Chairman of the Board of Alaska Communications Systems.
Mr. Hayes
received his undergraduate degree from Colgate
University in New York and conducted his graduate studies at New York University’s
Graduate School of Business.
He will report directly to Michael Pangia, Aviat
Networks president and chief executive officer.
John
Madigan, vice president, corporate controller and principal accounting officer
who served as interim CFO since August, will remain in his position reporting
to Mr. Hayes.