News Releases
BigBand Announces New Executive Lineup
Transition to new CFO Ravi Narula underway
March 5, 2010
REDWOOD CITY, Calif., March 5, 2010—BigBand Networks, Inc. (NASDAQ: BBND), a leader in digital video networking, today announced the appointment of Ravi Narula as chief financial officer. Mr. Narula succeeds Moe Castonguay, who will be returning to the east coast full time. Mr. Castonguay will serve as CFO until May 1, 2010, at which time the company will complete its transition to the new CFO.
Mr. Narula joined BigBand in 2005 and is currently the vice president of finance and worldwide controller. He has also served in other senior financial roles during his tenure at BigBand, including chief accounting officer. Mr. Narula was instrumental in taking the company public and building the financial operations team. Prior to joining BigBand, he was director of financial governance at Borland Software and served in a number of senior financial roles at Deloitte & Touche. Mr. Narula has over 16 years of experience in financial accounting and is a chartered accountant.
“We are pleased to promote Ravi to his new position as chief financial officer,” said Amir Bassan-Eskenazi, president and CEO of BigBand Networks. “His financial leadership has been an important component of our strategic and operational performance over the past four years. We look forward to his continued contribution as part of the executive team. Ravi is Moe’s recommended successor, and they will continue their great team work in the coming months to assure a smooth transition.”
“Moe has demonstrated the highest levels of integrity and competence during his tenure at BigBand, and has helped establish a level of transparency, control and planning that will benefit us for years to come. His decision to refocus his life back on the east coast was one that I have to respect and support. I am thankful for his leadership and wish him the best in his future endeavors,” added Mr. Bassan-Eskenazi.
Following this appointment, the new executive lineup assembled to execute the company’s strategy includes:
- Amir Bassan-Eskenazi, Co-Founder and CEO
- Ran Oz, Co-Founder and CTO
- Ravi Narula, CFO*
- Rajive Dhar, SVP Corporate Development & Strategic Planning
- Greg Greco, SVP Research & Development
- Rob Horton, SVP & General Counsel
- Ralph Rondinone, SVP Global Operations
- Paul Crann, VP Product Line Management & Product Marketing
- Ray Fitzgerald, VP Worldwide Cable Sales
- Wayne Gaudette, VP Telco Sales
- Judith Yampolsky, VP Human Resources
*Mr. Narula’s appointment will be effective May 1, 2010.
About BigBand Networks
BigBand Networks, Inc. [NASDAQ: BBND] provides broadband service providers with innovative network solutions designed to make it easier to move, manage and monetize video. These solutions are based on BigBand's video-networking platforms that are built to enable efficient and reliable delivery across a wide range of services, including digital TV, high definition TV, advanced advertising, video-on-demand and interactive TV. BigBand Networks has done business with more than 200 customers -- including seven of the ten largest service providers in the U.S. -- and leading cable and telco service providers in North America, Asia and Europe. BigBand Networks is based in Redwood City, Calif., with offices worldwide. For additional information about the company, please call +1.650.995.5000, email info@bigbandnet.com or visit www.bigbandnet.com.
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This release contains "forward-looking statements" as defined under the U.S. Federal Securities Laws, including the Private Securities Litigation Reform Act of 1995 and is subject to the safe harbors created by such laws. Forward-looking statements may relate to, but are not limited to the executive team’s ability to execute the company’s strategy and the anticipated benefits from the realignment of our management team. Forward-looking statements are based on current expectations that involve a number of uncertainties and risks that may cause actual events or results to differ materially. Factors that could cause actual events or results to differ materially include, among others, the following: the ability of the management team to manage the growth in the business, shifts in customer demand, shifts in strategic relationships, delays in BigBand’s ability to deliver or decisions to discontinue its products and services, or announcements by competitors. These and other risks may be detailed from time to time in BigBand’s periodic reports filed with the Securities and Exchange Commission, copies of which may be obtained from www.sec.gov. BigBand Networks is under no obligation to (and expressly disclaims any such obligation to) update or alter its forward-looking statements whether as a result of new information, future events or otherwise. Information contained in our website is not incorporated by reference in, or made part of this press release.