Sunday, January 22, 2006

Tekelec Names Frank Plastina CEO

Tekelec has named Frank Plastina as its new CEO, president and a member of the board of directors, replacing Fred Lax, who resigned. For much of his career, Plastina served in senior executive and management positions at Nortel Networks. In 1997, he was appointed general manager of Nortel's DMS-10 and Signaling Solutions Group.
Between 1999 and 2001, he had profit and loss responsibility for Nortel's Wireless and Carrier business, a global organization with $7.8 billion in revenue and 20,000 employees. In 2001, he was named president of Nortel's Metro and Enterprise Networks, with $6 billion in revenue and 18,000 employees. In 2003, Plastina joined Warburg Pincus LLC, a private equity firm, as an executive in residence, evaluating potential investments and providing executive support to its portfolio companies. Later that year, he became CEO of one of those companies, Proxim Corporation, a provider of Wi-Fi and broadband wireless access products. He served in that capacity until 2005 when its assets were sold.