Ikanos Communications Names Stu Krometis as Vice President of Sales
(Marketwire Via Acquire Media NewsEdge) FREMONT, CA -- (Marketwired) -- 05/06/13 --
Ikanos Communications, Inc. (NASDAQ: IKAN), a leading provider of advanced broadband semiconductor and software products for the digital home, today announced that Stu Krometis has joined the company as its new vice president of sales. Mr. Krometis will report to Omid Tahernia, president and CEO, and will lead the company's global sales and applications engineering teams.
With more than 20 years of experience in the semiconductor industry, Krometis joins Ikanos from Cavium, where he led all sales activities in the Asia-Pacific region as vice president of APAC sales. Krometis has a successful track record in selling highly integrated SOCs for networking and consumer applications. He has managed major global accounts and led sales teams in North America, Europe, and Asia. Under his management of Cavium's Global Strategic Accounts, he closed several design wins that grew the accounts' revenue by more than 50 percent over the last three years. In addition, he extended Cavium's distributor and ODM strategies in Taiwan, facilitating the development of better turnkey hardware and software solutions to reduce time-to-market for OEMs.
"Ikanos is well positioned to meet the growing consumer demand for greater bandwidth and broadband connectivity," said Krometis. "I am honored to join an innovative leader that is executing on its vision of powering the digital home of today and tomorrow, while delivering the highest level of customer satisfaction."
"With growing demand for our new Velocity-3 NodeScale™ Vectoring VDSL chipset and CPE products, it is critical that we deliver our customers first-class sales and applications engineering support," said Tahernia. "With his proven experience in selling complex chipset solutions and his passion and urgency to achieve our business growth objectives, Stu will lead the coordinated end-to-end support for our global customer base."
Krometis was at Cavium for eight years and was senior director of global accounts and EMEA sales prior to his most recent position as vice president of APAC sales. Before joining Cavium, Krometis served in various sales roles at AMCC, including Cisco global account management. Krometis has a BBA from Roanoke College.
About Ikanos Communications, Inc.Ikanos Communications, Inc. (NASDAQ: IKAN) is a leading provider of advanced broadband semiconductor and software products for the digital home. The company's broadband DSL, communications processors and other offerings power access infrastructure and customer premises equipment for many of the world's leading network equipment manufacturers and telecommunications service providers. For more information, visit www.ikanos.com.
© 2013 Ikanos Communications, Inc. All Rights Reserved. Ikanos Communications, Ikanos, the Ikanos logo, the Bandwidth without boundaries tagline, Fusiv, Ikanos Velocity and NodeScale Vectoring are among the trademarks or registered trademarks of Ikanos Communications. All other trademarks mentioned herein are properties of their respective holders.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995This press release contains forward-looking statements that are subject to risks and uncertainties concerning Ikanos Communications, including statements regarding demand for our products, customer acceptance of our products, future sales success and other anticipated growth. Actual events or results may differ materially from those described in this document due to a number of risks and uncertainties. These potential risks and uncertainties include, but are not limited to, macroeconomic conditions which may cause our customers to defer purchasing plans, our ability to deliver full production releases of our newer products and the acceptance of those products by our cu1stomers, the continued demand by telecommunications service providers for specific xDSL semiconductor products, the failure of service providers to implement deployment plans on schedule or at all, our continued ability to obtain and deliver production volumes of new and current products and technologies, our ability to generate demand and close transactions for the sale of our products, our ability to develop commercially successful products as a result of our current research and development programs, our ability to successfully execute our restructuring plan, and unexpected future costs, expenses and financing requirements. In addition, for a more extensive discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see the section entitled "Risk Factors" in our Annual Report on Form 10-K for the fiscal year ended December 30, 2012 filed with the Securities and Exchange Commission (SEC) on February 28, 2012 and our Quarterly Report on Form 10-Q for the fiscal quarter ended March 31, 2013 filed with the SEC on May 2, 2013, as well as other reports that Ikanos files from time to time with the SEC. Ikanos is under no obligation to update these forward-looking statements to reflect events or circumstances subsequent to the date of this press release.
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Source: Ikanos Communications
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