Comverse Technology Names New CFO

Wireless News
05-29-2009
Comverse Technology Names New CFO
Type: News

Comverse Technology announced that Stephen M. Swad has been named Executive Vice President and Chief Financial Officer, replacing Joseph R. Chinnici.

Swad brings to Comverse Technology a wealth of experience in financial management and accounting in his capacity as Chief Financial Officer at Federal National Mortgage Association (Fannie Mae) and, prior to that, at AOL. He also served as Executive Vice President of Finance and Administration at Turner Entertainment Group, and Vice President, Financial Planning and Analysis at Time Warner. Swad, a Certified Public Accountant and former partner of KPMG, also served as Deputy Chief Accountant at the SEC.
"We are pleased to welcome Steve whose strong financial management background will be invaluable in support of our strategic and operational initiatives. Steve has highly relevant experience in his management of two successfully concluded accounting restatement projects and has a strong track record managing large cross- functional teams. I believe that his joining will provide continued momentum with the restatement of previously reported financial information which we expect to complete by early 2010," said Andre Dahan, President and Chief Executive Officer of Comverse Technology. "I also want to take this opportunity to thank Joe for his efforts to the progress we have made to date, and wish him well in his future endeavors."

Comverse Technology is a provider of software and systems enabling value-added services for voice, messaging, mobile Internet and mobile advertising; converged billing and active customer management; and IP communications.

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