HICKORY, N.C.--(BUSINESS WIRE)--Eddie Edwards, president and chief executive officer, CommScope, Inc., was presented with the 2016 Louis V. Gerstner, Jr. Excellence Award by the global alternative asset manager The Carlyle Group (NASDAQ:CG).
The award was given to Edwards during The Carlyle Group’s annual U.S. investor conference in Washington, D.C. The Louis V. Gerstner, Jr. Excellence Award is presented each year to a CEO who exemplified outstanding leadership, business acumen and management excellence in leading a Carlyle portfolio company.
“In receiving this honor, I commend the global CommScope employee team whose passion for innovation and support for our customers have led directly to our company’s success,” Edwards said. “I’m also proud of the relationship CommScope has with Carlyle. With their guidance and support, CommScope continues to drive innovation in networks and technologies with high-performance, high-quality products.”
“The award is not determined solely by statistical results, but also by the perceived difficulty of the task and the quality of its execution in taking a company to higher levels of performance,” said Daniel A. D’Aniello, chairman and co-founder, The Carlyle Group. “Edwards stood out among many outstanding CEOs. He is first and foremost a leader. His strategic vision, relentless work ethic, and willingness to make difficult but necessary decisions have elevated CommScope to become one of the best of its kind in the world.”
Edwards added that he was also proud of all of CommScope’s accomplishments since the acquisition of TE Connectivity’s Broadband Network Solutions (BNS) business (telecom, enterprise and wireless) last year.
“We created a stronger solution platform for supporting customers around the world,” Edwards said. “The most advanced networks run on CommScope technology, serving customers in more than 100 nations. We are focused on delivering connectivity and wireless solutions to solve our customers’ networking needs anywhere in the world.”
Edwards was named to the company’s top position and to the board of directors in January 2011, following the completion of The Carlyle Group’s acquisition of CommScope, making it a private company. Since then, CommScope returned to being a publicly-traded company following its initial public offering in October 2013.
Edwards previously served as CommScope’s president and chief operating officer since January 2010. Before that, he served as executive vice president of business development and general manager, Wireless Network Solutions, since December 2007. He previously served as executive vice president of business development and the chairman of a CommScope wholly owned subsidiary, Connectivity Solutions Manufacturing, Inc.
Louis V. Gerstner, Jr. is the former chairman and chief executive officer of IBM, and former chairman and current chief executive officer at The Carlyle Group.
CommScope (NASDAQ:COMM) helps companies around the world design, build and manage their wired and wireless networks. Our vast portfolio of network infrastructure includes some of the world’s most robust and innovative wireless and fiber optic solutions. Our talented and experienced global team is driven to help customers increase bandwidth; maximize existing capacity; improve network performance and availability; increase energy efficiency; and simplify technology migration. You will find our solutions in the largest buildings, venues and outdoor spaces; in data centers and buildings of all shapes, sizes and complexity; at wireless cell sites; in telecom central offices and cable headends; in FTTx deployments; and in airports, trains, and tunnels. Vital networks around the world run on CommScope solutions.
About The Carlyle Group
The Carlyle Group (NASDAQ: CG) is a global alternative asset manager with $176 billion of assets under management across 127 funds and 164 fund of funds vehicles as of June 30, 2016. Carlyle’s purpose is to invest wisely and create value on behalf of its investors, many of whom are public pensions. Carlyle invests across four segments – Corporate Private Equity, Real Assets, Global Market Strategies and Investment Solutions – in Africa, Asia, Australia, Europe, the Middle East, North America and South America. Carlyle has expertise in various industries, including: aerospace, defense and government services, consumer and retail, energy, financial services, healthcare, industrial, real estate, technology & business services, telecommunications and media and transportation. The Carlyle Group employs more than 1,650 people in 35 offices across six continents.
This press release includes forward-looking statements that are based on information currently available to management, management’s beliefs, as well as on a number of assumptions concerning future events. Forward-looking statements are not a guarantee of performance and are subject to a number of uncertainties and other factors, which could cause the actual results to differ materially from those currently expected. In providing forward-looking statements, the company does not intend, and is not undertaking any obligation or duty, to update these statements as a result of new information, future events or otherwise.