Wednesday, December 7, 2016

FTE Networks, Inc. (FTNW) Appoints Industry Veterans as Initial Members of New Strategic Advisory Board

FTE Networks (OTCQX: FTNW) this morning said it has formed a strategic advisory board to provide senior counsel as it identifies and executes opportunities to advance the deployment of its disruptive multi-edge computing services. A leading network infrastructure company for Fortune 500 companies, FTE Network is filling this advisory board with a powerful caliber of experienced professionals.

“The establishment of our Strategic Advisory Board represents our commitment to build on the company’s recent momentum and pursue smart, strategic growth opportunities,” Michael Palleschi, FTE Networks’ chairman of the board and CEO, stated in the news release. “Each member brings extensive cloud and open compute expertise, and will be a tremendous asset as we develop our next generation business of data center and multi-edge computing services.”

Initial members of the Multi-Edge Computing Strategic Advisory Board include John Morgan, a 25-year veteran in the communications and IT industries. Morgan currently works with operators to improve network coverage and capacity through the adoption of open source hardware and software. He previously worked for Accenture (NYSE: ACN), where he was global technical lead for legacy network migrations, working with operators on product rationalization and simplification, copper to fiber migration platform implementations, and decommissioning strategies for copper and central office equipment. Prior to Accenture, Morgan held executive positions with several software start-up firms in the communications industry, as well as with leading operators such as Verizon (NYSE: VZ), Level 3 Communications (NASDAQ: LVLT), and Genuity. His background includes various roles in network planning and engineering, product management, OSS/BSS development, finance and operations.

David Kalinske has also been named to FTE Network’s new board. Kalinske is the chief of staff for A3 by Airbus Group (OTC: EADSY) and is a former aide to President Barack Obama and former President George W. Bush – a role in which he received the Defense Superior Service Medal for superior meritorious service. He also served as a research engineering leader with Lockheed Martin Aeronautics (NYSE: LMT) and founded Global Hybrid Company, an airborne logistics provider utilizing the revolutionary Hybrid Airship. A TOPGUN graduate and a Marine Corps fighter squadron commanding officer, Kalinske was selected via scholarship into the Harvard University, Kennedy School of Government, National Security Fellow program with a focus in the study of cybersecurity policy.

Also joining the board is Eric Salzman, senior managing director of Monarch Capital Group, LLC and independent director on several technology company boards. Salzman has 20 years of experience improving operations and finances of communications and software companies. He previously spent eight years at Lehman Brothers as a managing director in the Private Equity and Principal Investing Group, as well as a managing director in the Global Trading Strategies Division, including three years managing the operational and financial restructuring of dozens of companies within the Lehman Bankruptcy. Prior to Lehman Brothers, Salzman was a senior investment professional focused on the technology and communications industry at a multi-strategy hedge fund and at two growth-oriented private equity funds.

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