MRV Communications, Inc. (OTCQB: MRVC) ("MRV" or the "Company"), a
leading provider of optical communications network infrastructure
equipment and integration and managed services, today announced it has
appointed Stephen Garcia as Chief Financial Officer and Beth Arnold as
Vice President of Finance. Mr. Garcia and Ms. Arnold replace Chris King
and Blima Tuller, respectively, whose last day at MRV was March 30, as
previously announced. Mr. Garcia and Ms. Arnold were retained by the
Company through an agreement it entered into with Avant Advisory Group,
LLC on February 23, 2012. Mr. Garcia and Ms. Arnold have been working
closely with Mr. King, Ms. Tuller and the rest of the MRV finance staff
during this transition period to prepare for assuming their new
responsibilities.
Barry Gorsun, Chief Executive Officer of MRV, commented, “I am delighted
to welcome Steve and Beth to the MRV executive team. They are
outstanding professionals that will enhance our executive leadership
team. I expect them to serve an important role in executing our
operating and strategic plans.”
"We thank Chris and Blima for their contributions to MRV; and
particularly for facilitating an effective transition of the Finance
Department in cooperation with Steve and Beth. We wish them the best in
their future endeavors," stated Kenneth Traub, Chairman of the Board of
Directors. “The Board fully supports Barry and his executive team which
is focused on implementing our strategic plan to maximize shareholder
value.”
MRV engaged Avant Advisory Group, LLC to provide the Company with senior
professionals with high-level finance experience who could serve in the
Chief Financial Officer and VP, Finance roles. Garcia has over 20 years
of financial and executive management experience in a number of sectors,
including telecommunications. With Avant, Garcia has acted in the
capacity of chief financial officer for other public and private
companies. Arnold brings over 15 years of financial management
experience. She is skilled in a number of industries, and is well-versed
in SEC compliance and financial reporting.
About MRV Communications, Inc.
MRV Communications, Inc. is a leading global provider of carrier
Ethernet, wavelength division multiplexing optical transport,
infrastructure management equipment and solutions, as well as network
integration and managed services. MRV's solutions enable the delivery
and provisioning of next-generation optical transport and carrier
Ethernet services over any fiber infrastructure. MRV provides equipment
and services worldwide to telecommunications service providers,
enterprises, and governments, enabling network evolution and increasing
efficiency, while reducing complexity and costs. Through its
subsidiaries, MRV operates research and development centers in North
America and Europe, along with support centers and sales offices around
the world. For more information about MRV, visit http://www.mrv.com.
