Verso Appoints James R. Kanely to Board of Directors.ATLANTA -- Verso ver·so n. pl. ver·sos 1. A left-hand page of a book or the reverse side of a leaf, as opposed to the recto. 2. The back of a coin or medal. Technologies, Inc. (Nasdaq: VRSO), a leading provider of packet-based solutions, today announced that James R. Kanely, age 64, has joined its board of directors. Mr. Kanely has extensive public and private company governance experience, having served on the boards of directors of ten companies. He is currently a director of three companies, including The Alpine Group, Inc., an industrial holding company with interests in the manufacturing of electrical wire and cable. Mr. Kanely has over 35 years of experience in the telecommunications sector, including having served as Chairman, Chief Executive Officer, and/or Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. of three different telecommunications equipment manufacturers. From 1992 to 1997, Mr. Kanely served as President and Chief Executive Officer and was the majority owner of Road Atlanta Road Atlanta is a 2.54-mile (4.088 km) road course located in Braselton, Georgia, USA. The track has 12 turns, including the famous "esses" between turns three and five, and Turn 12, a downhill, diving turn. , Ltd., a major sports facility in Georgia. Mr. Kanely led a group of investors who successfully acquired the company from bankruptcy, and through his leadership, established Road Atlanta as one of the best racing courses in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . From 1993 through 1995, Mr. Kanely served as President and Chief Operating Officer of The Alpine Group, and he continues to serve on its board of directors. From 1984 to 1993, Mr. Kanely served as President, Chairman of the Board and Chief Executive Officer of Superior TeleTec, Inc., a publicly traded manufacturer of copper and fiber optic cable Noun 1. fiber optic cable - a cable made of optical fibers that can transmit large amounts of information at the speed of light fibre optic cable transmission line, cable, line - a conductor for transmitting electrical or optical signals or electric power , as well as other telecommunications hardware. Mr. Kanely led a leveraged buy out and restructuring of the financially troubled company, which restored it to high growth and profitability. From 1980 through 1984, Mr. Kanely served as President and Chief Executive Officer of Valtec, a public company which was the third largest producer of optical fiber in the United States. The company was sold to M/A-COM, which is now a subsidiary of Tyco International For the unrelated division of Mattel, see . Tyco International Ltd. NYSE: TYC is a diversified manufacturing conglomerate incorporated in Bermuda, with United States operational headquarters in New Jersey. , Ltd. Mr. Kanely has a Masters of Science degree from George Washington University George Washington University, at Washington, D.C.; coeducational; chartered 1821 as Columbian College (one of the first nonsectarian colleges), opened 1822, became a university in 1873, renamed 1904. and a Bachelor's of Science degree in mechanical engineering from Johns Hopkins University Johns Hopkins University, mainly at Baltimore, Md. Johns Hopkins in 1867 had a group of his associates incorporated as the trustees of a university and a hospital, endowing each with $3.5 million. Daniel C. . "We are very pleased to welcome Jim to the Verso board of directors," commented Steve Odom Steve Odom (born September 5, 1952 in Oakland, California) is a former American football wide receiver and kick returner in the NFL who played for the Green Bay Packers (1974-1979) and New York Giants (1979). He went to the Pro Bowl after the 1975 season. , Verso's Chairman and Chief Executive Officer. "He is a proven leader and has demonstrated tremendous success in the endeavors he has been involved with over the last three decades. He comes to Verso highly recommended based on his impeccable reputation in the telecommunications industry as well as his strong management experience. He will be a valuable addition to the Verso board and we look forward to working with him." About Verso Technologies Verso is a leading provider of next generation communication solutions for service providers that want to lower their communication infrastructure costs and enhance service capabilities without sacrificing reliability, scalability and quality of service. With an extensive solutions portfolio that extends from the core to the edge of a network, Verso enables customers to leverage legacy technology investments towards converged networks that are faster and more cost-effective to deploy and easier and more flexible to manage. Verso solutions are currently deployed in thousands of customer networks in over 120 countries. For more information, contact Verso at www.verso.com or call 678.589.3500. |
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