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8-K - FORM 8-K - BigBand Networks, Inc. | f58687e8vk.htm |
Exhibit 99.1
For release at 1:05 PM PST, March 14, 2011
BigBand Announces a Change to the Board of Directors
REDWOOD CITY, Calif., March 14, 2011 (BUSINESS WIRE) BigBand Networks, Inc., (NASDAQ:
BBND), a leader in digital video networking, today announced a change to its Board of Directors
intended to enhance Board independence. The Company has appointed Erez Rosen to its Board.
Erez Rosen has held a number of executive-level roles in finance at leading manufacturing and
technology companies. He served as the Chief Financial Officer of Aladdin Knowledge Systems, where
he co-led the company into becoming a global leader in IT Security. He also served as the
Controller for BASF Italia, a subsidiary of the leading multinational organization, BASF Group.
Currently, Mr. Rosen is the Founder of the Rosen Group, a financial consulting firm headquartered
in Tel Aviv, Israel. Mr. Rosen serves on the Board of Directors of several companies in Israel,
including Inspire Investments, Davidoff Group and Starcom Systems. He received an MBA from INSEAD
in France and a B.A in Economics from Hebrew University of Jerusalem and attended The General
Managers Program at Harvard Business School.
We are thrilled to add Erezs expertise and background to our already strong Board of
Directors, commented Amir Bassan-Eskenazi. We expect him to contribute significantly to our
strategy and to our Audit Committee, especially as we look at market expansion and achieving our
product and financial goals.
In addition, the Company announced that Ran Oz will be stepping down from the Board of Directors
and as Chief Technology Officer. Mr. Oz will remain with the
Company to advise the CEO and the management team on technology strategy. The Office of the CTO will
report into Rajive Dhar, Senior Vice President of Corporate Development and Strategic Planning at
BigBand.
We want to thank Ran for his years of service on the Board of Directors and contributions to
driving BigBands technology innovation, continued Bassan-Eskenazi. We respect and support his
desire to spend more time with his family and look forward to his continued engagement with BigBand
as a strategic advisor to the management team.
About BigBand Networks
BigBand Networks, Inc. [NASDAQ: BBND] provides broadband service providers with innovative digital
video networking solutions designed to make it easier to move, manage and monetize video. These
solutions are based on BigBands 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, IPTV, video-on-demand and
interactive TV. BigBand Networks has done business with more than 200 customers in North America,
Asia
and Europe including seven of the ten largest cable and telco service providers in North
America. 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.
BigBand Networks brand and product names are service marks, trademarks or registered trademarks of
BigBand Networks, Inc. in the United States and other countries. All other marks are the property
of their respective owners.