QUEBEC CITY, Aug. 26, 2015 /CNW/ - EXFO Inc. (NASDAQ:
EXFO; TSX: EXF) announced today that Philippe Morin will be joining the company as
Chief Operating Officer (COO) in early November.
Mr. Morin, who has more than 25 years of experience in the
telecommunications industry, will leave Ciena as Senior
Vice-President of Worldwide Sales and Field Operations on
October 31, 2015. Previously, he was
Ciena's Senior Vice-President of the Global Products Group and held
a number of leadership roles at Nortel Networks including President
of Metro Ethernet Networks, Vice-President and General Manager of
Optical Networks, as well as having held positions in sales,
marketing and product management in North
America and Europe.
Mr. Morin will be responsible for EXFO's global sales
leadership, market development, marketing, product management and
technology strategy. All sales and product management executives,
along with the chief technology officer (CTO), will report directly
to Mr. Morin.
"I am delighted Philippe will be soon joining EXFO's executive
team, given his wide-ranging experience and proven capabilities as
a senior executive both at Ciena and Nortel," said Germain Lamonde, EXFO's founder, Chairman and
CEO. "His exceptional execution track record, as demonstrated by
the strong sales growth he spearheaded at Ciena, along with his
extensive background in delivering systems and integrated solutions
to Tier-1 network operators and to fixed, wireless, cloud, data
center and web-scale service providers, are well aligned with
EXFO's core strategies. Philippe's leadership will clearly help
EXFO drive top and bottom-line growth in fiscal 2016 and beyond,
while strengthening my C-suite and succession plans."
"I am excited to join EXFO based on its technology leadership in
critical areas of transformation for network operators such as NFV,
network analytics, service assurance and automated network
deployments, all of which improve quality of customer experience
and reduce operating expenses," Mr. Morin said. "I am also
confident my knowledge base and in-depth experience will help raise
EXFO to the next level as network operators worldwide are seeking
proactive network analytics solutions, combined with end-to-end
visibility of network performance and service delivery, especially
in a multi-vendor environment. These are definitely areas where I
can bring added value to EXFO."
About EXFO
EXFO enables extraordinary experiences on
global networks. Our test, service assurance and network visibility
solutions allow equipment manufacturers and network operators to
deliver a wealth of services to consumers, while increasing network
capacity and reducing operating costs. From a company executive
holding a telepresence meeting with overseas staff to a runner
transferring data from wearable technology, EXFO's inherent
expertise and powerful analytics render these events commonplace.
Simply put, we have evolved over our 30-year history to ensure
unmatched quality of service and quality of experience on
next-generation fixed and mobile networks. EXFO has a staff of
approximately 1600 people in 25 countries, supporting more than
2000 customers worldwide. For more information, visit www.EXFO.com
and follow us on the EXFO Blog, Twitter, LinkedIn, Facebook,
Google+ and YouTube.
Forward-Looking Statements
This press release contains
forward-looking statements within the meaning of the U.S. Private
Securities Litigation Reform Act of 1995, and we intend that such
forward-looking statements be subject to the safe harbors created
thereby. Forward-looking statements are statements other than
historical information or statements of current condition.
Words such as may, expect, believe, plan, anticipate, intend,
could, estimate, continue, or similar expressions or the
negative of such expressions are intended to identify
forward-looking statements. In addition, any statement that
refers to expectations, projections or other characterizations of
future events and circumstances are considered forward-looking
statements. They are not guarantees of future performance
and involve risks and uncertainties. Actual results may differ
materially from those in forward-looking statements due to various
factors including, but not limited to, macroeconomic uncertainty as
well as capital spending and network deployment levels in the
telecommunications industry (including our ability to quickly adapt
cost structures with anticipated levels of business and our ability
to manage inventory levels with market demand); future economic,
competitive, financial and market conditions; consolidation in the
global telecommunications test and service assurance industry and
increased competition among vendors; capacity to adapt our future
product offering to future technological changes; limited
visibility with regards to timing and nature of customer
orders; longer sales cycles for complex systems involving
customers' acceptances delaying revenue recognition; fluctuating
exchange rates; concentration of sales; timely release and market
acceptance of our new products and other upcoming products; our
ability to successfully expand international operations; our
ability to successfully integrate businesses that we acquire; and
the retention of key technical and management personnel.
Assumptions relating to the foregoing involve judgments and risks,
all of which are difficult or impossible to predict and many
of which are beyond our control. Other risk factors that may affect
our future performance and operations are detailed in our Annual
Report, on Form 20-F, and our other filings with the U.S.
Securities and Exchange Commission and the Canadian securities
commissions. We believe that the expectations reflected in the
forward-looking statements are reasonable based on information
currently available to us, but we cannot assure that the
expectations will prove to have been correct. Accordingly, you
should not place undue reliance on these forward-looking
statements. These statements speak only as of the date of this
document. Unless required by law or applicable regulations, we
undertake no obligation to revise or update any of them
to reflect events or circumstances that occur after the date of
this document.
SOURCE EXFO inc.