Symmetricom Announces Justin Spencer as New Chief Financial Officer
02 October 2008 - 6:05AM
Business Wire
Symmetricom, Inc. (NASDAQ: SYMM), a worldwide leader in precise
time and frequency technologies that accelerate the deployment and
enable the management of next generation networks, today announced
Justin Spencer has been named chief financial officer (CFO) and
executive vice president, effective September 30, 2008. Mr. Spencer
was most recently the CFO at Covad Communications, a national
communications service provider, overseeing all financial,
accounting, human resources and corporate development activities.
Mr. Spencer began his employment with Covad in the product
management organization. �We welcome Justin to Symmetricom�s
executive team,� said Thomas Steipp, president and chief executive
officer of Symmetricom. �Justin�s extensive strategic and financial
management leadership skills will be of great value as we grow our
core business and extend into new markets. His in-depth knowledge
of the communications industry will enable him to help guide the
company towards its goals.� �I am excited to join the Symmetricom
team,� said Justin Spencer. �I look forward to working with my new
colleagues, the company�s investors and contributing to the future
success of Symmetricom.� Prior to Covad, Mr. Spencer worked for
Hewlett-Packard, helping to build its highly successful service
provider business. Mr. Spencer has held positions in product
management, business strategy, finance and corporate development in
several industries including chemicals, financial services,
healthcare, technology and telecommunications. He received a
bachelor�s degree in accounting from the University of Utah and a
master�s degree from The Wharton School of Business. About
Symmetricom, Inc. As a worldwide leader in precise time and
frequency products and services, Symmetricom provides �Perfect
Timing� to customers around the world. Since 1985, the company�s
solutions have helped define the world�s time and frequency
standards, delivering precision, reliability and efficiency to
wireline and wireless networks, instrumentation and testing
applications and network time management. Deployed in more than 90
countries, the company�s synchronization solutions include primary
reference sources, building integrated timing supplies (BITS), GPS
timing receivers, time and frequency distribution systems, network
time servers and ruggedized oscillators. Symmetricom also
incorporates technologies including Universal Timing Interface
(UTI), Network Time Protocol (NTP), Precision Time Protocol (IEEE
1588), and others supporting the world�s migration to Next
Generation Networks (NGN). Symmetricom is based in San Jose,
Calif., with offices worldwide. For more information, visit
www.symmetricom.com.
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