CRAWLEY, U.K., Sept. 3, 2004 (PRIMEZONE) -- Spirent plc (LSE:SPT) (NYSE:SPM), a leading communications technology company, today announced that My Chung, Executive Director of Spirent plc and Group President, Spirent Communications, is leaving the Company by mutual agreement and has resigned from the Board with immediate effect.
Anders Gustafsson, Chief Executive, will take on full responsibility for the management of Spirent Communications with immediate effect.
Commenting, John Weston, Chairman, said:
"My Chung, who joined the Company in 1998 and has been a Board member since 2001, has been instrumental in the formation and development of the Spirent Communications group. He has helped position the Company at the forefront of telecoms testing technology. We would like to thank him for his valuable contribution to Spirent as a whole and we wish him well for the future.
"Anders Gustafsson, who recently joined us as our new Chief Executive, has extensive expertise in the telecoms industry and his experience of international operations, strong organisational capabilities and customer focus will be key in steering the Communications group forward."
About Spirent
Spirent is a leading communications technology company focused on delivering innovative systems and services to meet the needs of customers worldwide. We are a global provider of performance analysis and service assurance solutions that enable the development and deployment of next-generation networking technologies such as broadband services, Internet telephony, 3G wireless and web applications and security testing. Our Network Products business is a developer and manufacturer of innovative solutions for fastening, identification, protection and connectivity in electrical and communications networks marketed under the global brand HellermannTyton. The Systems group comprises PG Drives Technology which develops power control systems for specialist electrical vehicles in the mobility and industrial markets. Further information about Spirent plc can be found at www.spirent.com
Spirent Ordinary shares are traded on the London Stock Exchange (ticker: SPT) and on the New York Stock Exchange (ticker: SPM; CUSIP number: 84856M209) in the form of American Depositary Shares (ADS), represented by American Depositary Receipts, with one ADS representing four Ordinary shares.
Spirent and the Spirent logo are trademarks or registered trademarks of Spirent plc. All other trademarks or registered trademarks mentioned herein are held by their respective companies. All rights reserved.
This press release may contain forward-looking statements that are based on current expectations or beliefs, as well as assumptions about future events. By their nature, forward-looking statements are inherently predictive, speculative and involve risk and uncertainty because they relate to events and depend on circumstances that will occur in the future. You should not place undue reliance on these forward-looking statements, which are not a guarantee of future performance and are subject to factors that could cause our actual results to differ materially from those expressed or implied by these statements. These risks include the risks described from time to time in Spirent plc's Securities and Exchange Commission periodic reports and filings. The Company undertakes no obligation to update any forward-looking statements contained in this press release, whether as a result of new information, future events or otherwise.
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