UTStarcom Announces CEO to Take Medical Leave of Absence
HONG KONG, March 16, 2020 (GLOBE NEWSWIRE) -- UTStarcom (“UTStarcom” or “the Company”) (NASDAQ:UTSI), a global telecommunications infrastructure provider, announced today that Mr. Tim Ti, UTStarcom's Chief Executive Officer (CEO), will take a temporary medical leave of absence, effective immediately.
In Mr. Ti's absence, UTStarcom has appointed Dr. Zhaochen Huang as the Company’s Acting CEO. Dr. Huang is currently the Senior Vice President of Sales and Business Development for Japan and Korea and has previously served as Chief Operating Officer, Vice-President of Global Operations as well as General Manager of UTStarcom India.
Mr. Yongqing Yan, the Chairman of UTStarcom’s Board of Directors, commented, "We wish Mr. Ti a speedy recovery and look forward to his return to UTStarcom. Mr. Ti’s condition is not related to the COVID-19”.
About UTStarcom Holdings Corp.
UTStarcom is committed to helping network operators offer their customers the most innovative, reliable and cost-effective communication services. UTStarcom offers high performance advanced equipment optimized for the most rapidly growing network functions, such as mobile backhaul, metro aggregation and broadband access. UTStarcom is further leveraging its technology expertise to bring smart networked products to new applications, such as its goBox automated refrigerated dispenser for retail stores. UTStarcom has operations and customers around the world, with a special focus on Japan and India. UTStarcom was founded in 1991 and listed its shares on the Nasdaq Market in 2000 (symbol: UTSI). For more information about UTStarcom, please visit http://www.utstar.com.
For investor and media inquiries, please contact:
UTStarcom Holdings Corp.
Tel: +86 571 8192 8888
Ms. Fei Wang, Director of Investor Relations
Ms. Ning Jiang, Investor Relations
In the United States:
The Blueshirt Group
Mr. Ralph Fong
Tel: +1 (415) 489-2195