ADTRAN, Inc. Appoints W. Frank Blount to Board Of Directors.HUNTSVILLE, Ala.--(BUSINESS WIRE)--April 21, 1999-- ADTRAN, Inc. (Nasdaq:ADTN ADTN Administrative Data Transmission Network ADTN Administrative Data Telecommunications Network ) announced today that W. Frank Blount W. Frank Blount is the chairman and CEO of venture capital firm JI Ventures, Inc. Prior to his current position, Mr. Blount served as chairman and CEO of Cypress Communications Inc. (telecommunications) and director and CEO of Telstra Corporation Limited (telecommunications). , recently retired Chief Executive Officer of Telstra Corporation, Ltd., has been appointed to the board of directors. He succeeds O. Gene Gabbard, who did not stand for re-election. ADTRAN, Inc. Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Mark Smith said of the appointment," We are pleased to have an executive of Frank Blount's international stature joining our board of directors. With his decades-long record of world-class leadership in telecommunications, Frank is an ideal addition to ADTRAN'S board, and we look forward to his contributions." For the past seven years, Frank Blount, 60, has been based in Sidney, Australia, as Chief Executive Officer of Telstra Corporation, Ltd., Australia's principal telecommunications company, with revenues in excess of $10 billion. Prior to his appointment as CEO of Telstra, Blount, a Georgia native, spent 30 years as an executive with AT&T Corporation and Southern Bell (now BellSouth) in network operations, field operations, sales, marketing, training and education. His final role at AT&T was Group President of AT&T Communications, reporting to the CEO. In the United States, Blount serves on the boards of Entergy Corporation, Caterpillar and First Union National Bank of Georgia Bank of Georgia (Georgian: საქართველოს ბანკი, transliterated as 'sakartvelos banki') is a leading universal Georgian bank with operations in Georgia (country) and Ukraine. . In Australia, he is a director of Broken Hill Proprietary Company Ltd., National Australian Bank and Pioneer International. Blount is a graduate of three universities: Georgia Institute of Technology Georgia Institute of Technology, in Atlanta, Ga.; coeducational; state supported; chartered 1885, opened 1888. It is a member school in the university system of Georgia. Significant among its facilities and programs are the Frank H. (BSEE BSEE abbr. Bachelor of Science in Electrical Engineering , 1961), Georgia State (MBA, 1969) and Massachusetts Institute of Technology Massachusetts Institute of Technology, at Cambridge; coeducational; chartered 1861, opened 1865 in Boston, moved 1916. It has long been recognized as an outstanding technological institute and its Sloan School of Management has notable programs in business, (Sloan Fellow, 1971). Reflecting his lifelong commitment to education, Mr. Blount has held positions as Trustee of Rochester Institute of Technology, Chairman of the Advisory Board of Georgia Tech and Chairman of the National Technical Institute for the Deaf National Technical Institute for the Deaf (NTID), the first and largest technological college in the world for students who are deaf or hard of hearing, was founded in 1965. . Under President Bush and Secretary of Education, Lamar Alexander, he served as the head of the New American Schools initiative, established to launch the design of high-performance learning environments for children. In Australia, he has been especially active in various organizations supporting the arts. ADTRAN'S Mr. Smith noted, "Recruiting Frank Blount to the ADTRAN team is consistent with our long-term strategy of augmenting our global capabilities." ADTRAN, Inc., headquartered in Huntsville, Alabama, designs, develops and manufactures ADvanced TRANsmission products for high-speed digital communications. Its products are sold through a network of value-added resellers and distributors around the world. Information about ADTRAN Inc. and its financial results can be accessed on the Internet at www.adtran.com. |
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