Madge Networks N.V. Boosts Ranks of Management Team With Appointment of Two Senior Executives.AMSTERDAM, Netherlands--(BUSINESS WIRE)--Oct. 14, 1998--Madge Networks N.V. (Nasdaq:MADGF), a worldwide supplier of networking solutions, has appointed two senior executives to its management team. Mike Keilty joins as vice president and general manager of Madge's video networking division and Peter Cox as vice president of human resources The fancy word for "people." The human resources department within an organization, years ago known as the "personnel department," manages the administrative aspects of the employees. . Keilty's remit is to continue to improve the customer focus of Madge's video networking division while driving growth and profitability. Keilty hails from BT North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , where, as senior vice president, he successfully established a $500 million business. Keilty will be based at Madge's Eatontown facility in New Jersey, USA. Cox will head up and strengthen Madge's corporate human resources function, with responsibility for creating worldwide programs and implementing staff development and recruitment policies. He joins Madge from General Accident (UK), a major insurance company, where he directed human resources during the organization's merger with Commercial Union. Cox will take his position at Madge's facility in Wexham Springs, UK. Robert Madge Robert Madge is an entrepreneur and technologist. In the 1980s, he founded Madge Networks, a pioneer of high speed networking technology. He is currently the President of IDTrack, a European Association for identification and traceability of goods based on technologies such as RFID. , 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. of Madge Networks Madge Networks NV. founded by Robert Madge and best known for its work with Token Ring, was a global leader and pioneer of high speed networking solutions in the mid 1990s, and also made significant contributions to technologies such as Asynchronous Transfer Mode (ATM) and Ethernet. , said: "I am delighted that Mike Keilty and Peter Cox have decided to join Madge. Both Mike and Peter are a great complement to the senior management team we are building. The team now consists of several experienced executives who each have a track record of successful execution in the marketplace." Mike Keilty Keilty, 47, has a wealth of senior management experience in the telecommunications industry, serving a variety of commercial sectors. Prior to joining Madge, he spent 11 years at BT North America, the U.S. based subsidiary of BT. As senior vice president, Keilty took charge of commercial business and sales in North America. Previously he was vice president of product sales, where his role encompassed a domestic and international focus. Keilty joined BT North America from FTCC FTCC LE Fletcher Technical Community College (Houma, Louisiana) FTCC Facility Training Coordination Committee , an international record carrier, where he held the position of vice president of sales. Peter Cox Cox, 45, has extensive experience in organizational and staff development, internal communications, and change management during company mergers and acquisitions. At General Accident (UK) he led the human resources team during the company's merger with Commercial Union. Previously, Cox served as personnel director for Dixons Stores Group and the Argyll Group (following the acquisition of Safeway), where he defined staff recruitment and development programs. He was also head of training and development for Sainsbury's plc. About Madge Networks N.V. Founded in 1986, Madge Networks (Nasdaq:MADGF) is a world-wide supplier of advanced networking solutions. A manufacturer of award-winning adapter cards, workgroup switching and backbone products, Madge has pioneered advances in Token Ring, ISDN ISDN in full Integrated Services Digital Network Digital telecommunications network that operates over standard copper telephone wires or other media. , video networking and ATM technologies. The company is also at the forefront of developments in High Speed Token Ring (HSTR HSTR Harry S Truman National Historic Site (US National Park Service) HSTR High Speed Token Ring ) technology, and is a founding member of the HSTR Alliance. Madge is committed to providing key components of converged networks -- networks which handle simultaneous data, video and voice traffic. Madge's main business centers are located at Wexham Springs, United Kingdom and Eatontown, New Jersey Eatontown is a Borough in Monmouth County, New Jersey, United States. As of the United States 2000 Census, the borough population was 14,008. What is now Eatontown was originally incorporated as Eatontown Township . The company serves its international customer base through a global network of distributors and resellers. Madge Networks N.V., a company organized under the laws of the Netherlands, is the parent company of Madge Networks. Information about Madge's complete range of products and services can be accessed on the World Wide Web at www.madge.com. Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and Statement Investors should take note that certain statements in this press release are forward-looking and may not give full weight to all of the potential risks (e.g., competition, global economic conditions, and changed resource allocation resource allocation Managed care The constellation of activities and decisions which form the basis for prioritizing health care needs resulting from these and other factors). Forward-looking statements in this press release include statements which refer to continuing to improve customer focus, driving growth and profitability, strengthening corporate human resources function, creating worldwide programs and policies, building a senior management team, and other statements which are not completely historical. These statements may differ materially from actual future actions, events or results. For more information on risk factors, please refer to Madge's SEC filings on Form 20F and Form 6-K. Note to Editors: Madge and the Madge logo are trademarks, and in some jurisdictions may be registered trademarks of Madge Networks or its affiliated companies Affiliated Companies A situation that occurs when one company owns a minority interest (less than 50%) in another company. Also refers to companies that are related to each other in some way. Notes: An affiliated company is sometimes referred to as a subsidiary. . |
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