UTStarcom Announces Two New Executive Appointments
HONG KONG, Oct. 27, 2014 (GLOBE NEWSWIRE) -- UTStarcom ("UTStarcom" or "the Company") (Nasdaq:UTSI), a global telecommunications infrastructure provider, today announced the appointment of two new members to its regional leadership team that will strengthen the Company's operations and go-to-market strategies in the North America and India markets.
Aman Sehgal has been appointed Regional Head of Sales and Business Development of North America and Shalin Shah has been appointed Co-General Manager of India, effective immediately. Mr. Sehgal and Mr. Shah will report to James Lu, President and Head of Global Sales and Business Development.
In June 2014, UTStarcom opened a new larger Silicon Valley office to enhance its sales and marketing efforts with telecommunications carriers and cable service providers in the United States, a key growth market for the Company. India is a strategic growth market for UTStarcom and one in which the Company has an established and growing leadership position given an approximately 35% market share in the country's broadband infrastructure market.
Aman Sehgal will be based in UTStarcom's Silicon Valley office and responsible for building and expanding relationships with customers and key business partners, and implementing comprehensive sales and growth strategy in North America. Before joining UTStarcom, Mr. Sehgal worked as Head of Global Sales at BelAir Networks which was acquired by Ericsson in 2012. Mr. Sehgal led global partner strategy development for the WiFi business and engaged with key telecom operators in developing the Wifi adoption. Mr. Sehgal also held a senior position as Director of Channel Sales at Redback Networks. Mr. Sehgal received an MBA in Marketing from the University of California, Berkeley.
As Co-General Manager of UTStarcom India, Shalin Shah will help drive sales development and the overall growth strategy in India. He has broad international experience and will bring a combination of strategic, financial and operational perspectives to UTStarcom's Indian operations, as he has done since August 2014 when he started serving as a special advisor to UTStarcom India. Mr. Shah will continue to serve as a Senior Vice President of Shah Capital. Prior to his career with Shah Capital, Mr. Shah was an Investment Executive at Barclays Ventures, a mid-market private equity arm of Barclays PLC. in London. Mr. Shah holds a BS in Finance from Rutgers University.
Mr. William Wong, UTStarcom's Chief Executive Officer, stated, "We are delighted to welcome Aman and Shalin to UTStarcom as they bring a wealth of expertise and will be able to help further position us to achieve our global growth ambitions. These two important appointments underscore our commitment to boosting our marketing and sales capability in key markets as we accelerate the build-out of our business across the globe. Under the skilled leadership of these experienced managers, we look forward to bolstering our presence in the North America market and maintaining our strong position in the Indian market, and we expect this will have a positive impact on our business overall."
About UTStarcom Holdings Corp.
UTStarcom (Nasdaq:UTSI) is a global telecom infrastructure provider dedicated to developing technology that will serve the rapidly growing demand for bandwidth from cloud-based services, mobile, streaming and other applications. We work with carriers globally, from Asia to the Americas, to meet this demand through a range of innovative broadband packet optical transport and wireless/fixed-line access products and solutions. The Company's end-to-end broadband product portfolio, enhanced through in-house Software Defined Networking (SDN)-based orchestration, enables mobile and fixed-line network operators and enterprises worldwide to build highly efficient and resilient future-proof networks for a range of applications, including mobile backhaul, metro aggregation, broadband access and Wi-Fi data offload. Our strategic investments in media operational support service providers expand UTStarcom's capabilities in the field of next generation video platforms. UTStarcom was founded in 1991, started trading on NASDAQ in 2000, and has operating entities in Tokyo, Japan; San Jose, USA; Delhi and Bangalore, India; Hangzhou, China. For more information about UTStarcom, please visit http://www.utstar.com.
CONTACT: For investor and media inquiries, please contact: Jane Zuo UTStarcom Holdings Corp. Tel: +852-3750-7632 Email: email@example.com Daniel DelRe (Hong Kong) Tel: +852-3768-4547 Email: Daniel.DelRe@fticonsulting.com Simona Kormanikova (New York) Tel: +1-212-850-5685 Email: Simona.Kormanikova@fticonsulting.com May Shen (Beijing) Tel: +86-10-8591-1951 Email: May.Shen@fticonsulting.com