CrossKeys Announces Departure of Vice President, Finance: CFO Stepping Down to Join New Entrant Service Provider; Controller Named to Interim Role.Business Editors OTTAWA--(BUSINESS WIRE)--Jan. 24, 2000 (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 :CKEY) (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :CKY CKY Camp Kill Yourself (band) CKY Conakry, Guinea - Conakry (Airport Code) .) CrossKeys Systems Corporation (Nasdaq:CKEY) (TSE:CKY) today announced that Steve Spooner, Vice President of Finance and Chief Financial Officer, will be leaving CrossKeys at the end of February. Mr. Spooner will be assuming a senior position with a new entrant service provider based in Canada. David Greenwood For the football player of the same name see David Greenwood (football player). Dave Kasim Greenwood (born May 27 1957 in Lynwood, California) is a retired American professional basketball player whose NBA career spanned 12 years from 1979 to 1991. , CrossKeys Controller since 1996, will assume acting Vice President of Finance and CFO See Chief Financial Officer. duties upon Mr. Spooner's departure. The Board of Directors has commissioned an active recruitment campaign to fill the senior management position. &uot;Steve Spooner has been a great CFO, helping build the strong corporate foundation from which CrossKeys is now rapidly expanding,&uot; says Ian McLaren, President 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. , CrossKeys. &uot;I respect his decision to pursue the opportunity of leading a company in this exciting telecom market. There will be a smooth transition with David Greenwood providing the solid financial management CrossKeys has enjoyed with Steve. CrossKeys will continue to follow through with its strategy for aggressive growth.&uot; Steve Spooner was appointed Vice President of Finance and CFO in 1995. The Company completed its initial public offering in December 1997 on both the Nasdaq and Toronto stock exchanges Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. . CrossKeys completed its first post-IPO acquisition of Dynamic Broadband Networks  This article or section needs copy editing for grammar, style, cohesion, tone and/or spelling.You can assist by [ editing it] now. (Dyband) in January 2000. In this current fiscal year, CrossKeys has recorded better than 40% sequential quarterly growth, in each of its first and second quarters, FY 2000. About CrossKeys CrossKeys Systems Corporation (www.crosskeys.com) develops and supports carrier-scale software that enables the world's largest and most demanding service providers to manage the equipment and traffic on their telecom networks. CrossKeys has demonstrated experience with multi-vendor and multi-technology networks. This expertise enables service providers to offer business applications, such as eCommerce and VPNs, with the minimum of infrastructure investment and the competitive guarantees that enterprise end-customers require. CrossKeys Systems Corporation is a public company whose common shares are listed for trading on Nasdaq (CKEY) in the United States and on The Toronto Stock Exchange (CKY) in Canada. CrossKeys and logo are registered trademarks of CrossKeys Systems Corporation. All other trademarks are the property of their respective holders and are acknowledged by CrossKeys Systems Corporation. |
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