RICHARDSON, Texas--(BUSINESS WIRE)--Mavenir, a leader in transforming mobile network economics for communications service providers (CSPs), today announced the appointment of Terry Hungle to the position of Executive Vice President and Chief Financial Officer, replacing Walter Loh. Mr. Loh had previously served as an Operating Executive for Siris Capital and joined Mavenir at the time of its acquisition to lead it through that transitional period.
Mr. Hungle re-joined Mavenir on January 14, 2019, having previously served as the Company’s CFO from 2008 to 2015. His role as CFO will become effective on March 4, 2019.
“Terry brings substantial and relevant industry experience and credibility to Mavenir, and he is joining at an important time for the Company,” said Mavenir President and CEO, Pardeep Kohli. “Mavenir is strongly positioned to solidify its leadership position in network infrastructure, and I am excited about the role Terry will play in driving the next phase of Mavenir’s journey."
Added Kohli, “I would also like to thank Walter for his many contributions to Mavenir. He has been instrumental in the Company’s evolution and successfully led all financial activities during a period of significant transformation and growth.”
Terry Hungle is an industry veteran who brings to his role more than 40 years of relevant business experience. Most recently, Terry was Chief Financial Officer of Imagine Communications. Prior to Imagine, Terry served as Chief Financial Officer at Mavenir, participating as a leader in the company’s IPO and its subsequent sale to Mitel.
Mr. Hungle said, “I am excited to be returning to Mavenir. Mavenir has always been a visionary company and a leader in the market and I look forward to participating in that vision and helping the Company reach its next level of success.”
Mr. Loh said, “It has been an absolute pleasure to be a part of the Mavenir team over the past several years, and I am personally very excited about what the future holds for the Company.”
Mavenir is the industry's only 100% software, End-to End, Cloud-Native Network Software Provider. Focused on accelerating software network transformation and redefining network economics for Communications Service Providers (CSPs) by offering a comprehensive end-to-end product portfolio across every layer of the network infrastructure stack. From 5G application/service layers to packet core and RAN – Mavenir leads the way in evolved, cloud-native networking solutions enabling innovative and secure experiences for end users. Leveraging industry-leading firsts in VoLTE, VoWiFi, Advanced Messaging (RCS), Multi-ID, vEPC and Virtualized RAN, Mavenir accelerates network transformation for more than 250+ CSP customers in over 130 countries, serving over 50% of the world’s subscribers.
We embrace disruptive, innovative technology architectures and business models that drive service agility, flexibility, and velocity. With solutions that propel NFV evolution to achieve web-scale economics, Mavenir offers solutions to help CSPs with cost reduction, revenue generation and revenue protection. Learn more at mavenir.com.