ROSH
HA'AIN, Israel,
May 30,
2024 /PRNewswire/ -- Ceragon Networks
Ltd. (NASDAQ: CRNT), the global innovator and leading
solutions provider of end-to-end wireless connectivity solutions,
today announced the appointment of Mr. Robert Wadsworth as a member of its Board of
Directors. Mr. Wadsworth is an accomplished venture capitalist and
private equity investor who brings extensive M&A experience
from the U.S. capital markets.
Robert Wadsworth was a
founding partner of HarbourVest Partners in 1986, serving as
managing director of the firm from 1988 through 2018 and becoming a
Senior Advisor in 2019. He continues to provide input and counsel
on direct co-investments globally and remains a director of several
direct co-investments. Mr. Wadsworth served in senior leadership
positions including on HarbourVest's Global Investment Committee
and Executive Management Committee. He has been responsible for or
associated with investments in over 300 of HarbourVest's direct
co-investments and has served as a director on over 50 of those
companies including multiple public companies. Mr. Wadsworth's
prior experience includes strategy and operations consulting with
Booz, Allen & Hamilton, and he currently serves as a founding
partner of a family investment firm, a small enterprise private
equity firm and a Board member of several private enterprises. Mr.
Wadsworth earned a BS (magna cum laude) in Systems Engineering and
Computer Science from the University of
Virginia in 1982 and an MBA (with distinction) from
Harvard Business School in 1986.
Ilan Rosen, Chairman of
Ceragon Networks, commented, "Adding Rob to our accomplished
Board of Directors is the next appropriate step in our evolution,
bringing specific and relevant expertise in the capital markets –
especially in the United States.
Additionally, he has significant experience in creating value and
investing in technology companies, as well as driving value through
inorganic growth, which will benefit Ceragon as we leverage our
improving financial and operational position to grow our presence
in our target markets. On behalf of Ceragon, I would also like to
thank the outgoing member of the Board of Directors, Mr.
Ira Palti, for his great
contribution to the success of the Company over the years, both as
former CEO and as a board member."
Mr. Wadsworth commented, "I am delighted to be joining
the Ceragon Board of Directors at this time in the company's
evolution. The opportunity to work with Ceragon's CEO,
Doron Arazi, his management team and
my fellow directors, to strengthen and extend the company's global
position in order to maximize value for both customers and
shareholders, is exciting and energizing."
About Ceragon Networks
Ceragon Networks Ltd. (NASDAQ: CRNT) is the global innovator and
leading solutions provider of end-to-end wireless connectivity,
specializing in transport, access, and AI-powered managed &
professional services. Through our commitment to excellence, we
empower customers to elevate operational efficiency and enrich the
quality of experience for their end users.
Our customers include service providers, utilities, public
safety organizations, government agencies, energy companies, and
more, who rely on our wireless expertise and cutting-edge solutions
for 5G & 4G broadband wireless connectivity, mission-critical
services, and an array of applications that harness our ultra-high
reliability and speed. Ceragon solutions are deployed by more than
600 service providers, as well as more than 1,600 private network
owners, in more than 130 countries.
Through our innovative, end-to-end solutions, covering hardware,
software, and managed & professional services, we enable our
customers to embrace the future of wireless technology with
confidence, shaping the next generation of connectivity and service
delivery. Ceragon delivers extremely reliable, fast to deploy,
high-capacity wireless solutions for a wide range of communication
network use cases, optimized to lower TCO through minimal use of
spectrum, power, real estate, and labor resources - driving simple,
quick, and cost-effective network modernization and positioning
Ceragon as a leading solutions provider for the "connectivity
everywhere" era.
For more information please visit: www.ceragon.com
Ceragon Networks® and FibeAir® are registered trademarks of
Ceragon Networks Ltd. in the United
States and other countries. CERAGON ® is a trademark of
Ceragon Networks Ltd., registered in various countries. Other names
mentioned are owned by their respective holders.
Ceragon's public filings are available on the SEC's website at
www.sec.gov and may also be obtained from Ceragon's website at
www.ceragon.com.
Investor & Media Contact:
Rob Fink
FNK IR
1+646-809-4048
crnt@fnkir.com
Logo:
https://mma.prnewswire.com/media/1704355/Ceragon_Networks_Ltd_Logo.jpg
View original
content:https://www.prnewswire.com/news-releases/ceragon-names-robert-wadsworth-to-its-board-of-directors-302159363.html
SOURCE Ceragon Networks Ltd.
