Acterna Corporation Announces Allan Kline to Retire, Names John Ratliff Chief Financial Officer.Business Editors/Hi-Tech Writers BURLINGTON, Mass.--(BUSINESS WIRE)--Nov. 27, 2001 Acterna Corporation (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :ACTR ACTR American Council of Teachers of Russian ACTR Actuator ACTR Association for Canadian Theatre Research ACTR A Christmas To Remember ACTR Assistant Contract Technical Representative (NMCI liaison) ) today announced that John Ratliff, senior vice president and chief financial officer for Acterna, the company's communications test and management unit, has been named corporate vice president and chief financial officer for the corporation, effective January 1, 2002. Ratliff assumes the position from Allan M. Kline, who is retiring from the company, but will continue to serve as a member of the board of directors of Acterna Corporation. "We are very grateful to Allan Kline for his many contributions and the role he played in helping Acterna grow to more than $1 billion in revenue since joining the company in 1996," said Ned C. Lautenbach, Acterna Corporation 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. . "Since John Ratliff already is the chief financial officer of our communications test business and has been working closely with Allan on corporate financial operations, we expect to make a seamless and effective transition. John has exceptional experience from his years at IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) and has already been a tremendous asset to Acterna since he joined the company in June 2000. He has the financial, managerial and leadership skills to guide the corporation's financial operations and performance going forward." Ratliff, 42, previously spent 19 years with IBM where he was vice president of finance for the company's PC unit. While at IBM, he also held the position of vice president of finance and planning for the company's Latin American operations and served as the corporate assistant controller. He holds a bachelor of science Noun 1. Bachelor of Science - a bachelor's degree in science BS, SB bachelor's degree, baccalaureate - an academic degree conferred on someone who has successfully completed undergraduate studies degree in industrial and systems engineering from 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. in Atlanta, and a master's degree master's degree n. An academic degree conferred by a college or university upon those who complete at least one year of prescribed study beyond the bachelor's degree. Noun 1. in business administration from Duke University. In his new position, Ratliff will be responsible for executive management and oversight of Acterna Corporation's financial operations. He will report to Ned Lautenbach, chairman and CEO, and John Peeler, president. He will remain based in Germantown, Md., the home of Acterna's test unit. About Acterna Corporation: Acterna Corporation (NASDAQ:ACTR), through its Acterna unit, is the world's largest provider of test and management solutions for the optical transport, access and cable networks and the second largest communications test company overall. Acterna provides a range of equipment, software, systems and services to help customers develop, install, manufacture and maintain their optical transport, access, cable, data/IP and wireless networks. The company serves customers globally with a presence in more than 80 countries. In addition, Acterna Corporation has three additional subsidiaries, AIRSHOW, da Vinci da Vinci Surgery A surgical robot for performing certain surgeries–eg, mitral valve repair and laparoscopic procedures–eg, cholecystectomy and gastric ulcer repair. See Laparoscopic surgery, Robotics, Surgical robot. Systems and Itronix. AIRSHOW supplies in-flight passenger information systems to the aviation industry while da Vinci Systems designs and markets video color correction Altering the colors in an image in order to print or display it properly or for special effects. Depending on the application, color correction can be a significant problem if the resulting image must be approved or a purchase is made because of color choice. systems to the video postproduction industry. Itronix sells ruggedized computing devices for field service applications to a range of industries. |
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