Sunday, June 17, 2007

NexTone Names New Chairman, CEO Steps Down

NexTone named David A. Walsh as executive chairman and announced the departure of Malik Khan, the former chairman and CEO, who is stepping down to pursue new opportunities. Yousef Javadi, who joined as president and chief operating officer in 2006, elected to leave concurrent with Mr. Khan's departure.

Walsh, a partner at One Equity Partners (OEP), the private equity division of JPMorgan Chase & Co., has been a director on NexTone's board since 2005.

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