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UTStarcom Holdings Corp. Message Board

  • please_buy_while_i_sell please_buy_while_i_sell Dec 30, 2011 12:43 PM Flag

    UTSI appoints CEO as New Chairman

    Co announced that on December 22, 2011 the board of directors appointed Jack Lu, chief executive officer of UTStarcom, as chairman of the Board, effective March 31, 2012. Lu will succeed Thomas Toy, who has resigned as a member and chairman of the Board, effective March 31, 2012.

    Toy will remain with the Company in an advisory role for a period of six months following the effective date of his resignation.
    =======================================
    Typically UTSI-ian. Let Toy milk the cow for an extra 9 months (from today) while spending the next 3 months as a LAME Duck! {:>)

 
UTSI
2.93-0.06(-2.01%)Aug 1 4:00 PMEDT

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