Changes at Newbridge Networks Board of Directors.KANATA, Ontario--(BUSINESS WIRE)--July 7, 1998--Newbridge Networks (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :NNC NNC NASCAR Nextel Cup (stock car racing circuit) NNC National Neighborhood Coalition NNC Naga National Council (India) NNC Neural Network Council (IEEE) .) (NYSE NYSE See: New York Stock Exchange :NN) Chairman Terence Matthews today announced that the number of inside members of the Board of Directors is being changed to provide better balance with outside director representation. As a result, Peter C. Madsen, Daniel C. Rusheleau and Peter Sommerer have relinquished their seats on the Newbridge Board of Directors. Mr. Rusheleau and Mr. Sommerer will continue to be associated with Newbridge Networks Newbridge Networks was an Ottawa, Ontario, Canada company founded by Canadian/Welsh entrepreneur Terry Matthews. It was founded in 1986 to create data and voice networking products after Matthews was forced out of his original company Mitel. through their respective roles in Newbridge Affiliate companies. A Director of the Company since September 1987, Mr. Rusheleau is President and Chief Executive Officer, West End Systems Corporation. He will direct his full attention to the successful growth and development of West End, a leading vendor of alternate radio frequency (RF)-based technologies, including Hybrid Fiber Coaxial (HFC 1. (networking) HFC - Hybrid Fiber Coax. 2. (hardware) HFC - hydrofluorocarbon. ), wireless and powerline communications equipment. Mr. Sommerer has been appointed to the Newbridge Chairman's Executive Council and will focus his attention on further developing the Company's internetworking solution, including IP solutions developed by Vienna, TimeStep Corporation, ACC See adaptive cruise control. , Bridgewater and other Newbridge Affiliates. Mr. Sommerer, Chairman of Newbridge Affiliate company Vienna Systems Corporation, will also take on a greater role in the day-to-day management of the Voice-over-IP (VOIP (Voice Over IP) A digital telephone service that uses the public Internet as well as private backbones instead of the traditional telephone network. Many companies, including Vonage, 8x8 and AT&T (CallVantage), typically offer calling within the country for a ) networking solutions vendor. Newbridge Networks (NYSE:NN) (TSE:NNC) designs, manufactures, markets and services networking solutions to organizations in more than 100 countries. Newbridge leverages its relationship with 16 Affiliate companies, and strategic alliances with Siemens and 3Com Corporation to deliver seamless, end-to-end solutions. Newbridge customers include the world's 250 largest telecommunications service providers and more than 10,000 corporations, government organizations and other institutions. Founded in 1986, the Company employs more than 6,000 people on five continents. News and information are available at www.newbridge.com.
CONTACT: Newbridge Networks Corporation
John Lawlor, 613/591-3600
E-Mail: jlawlor@newbridge.com
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