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"Since its formation, ARRIS has grown from a small joint venture to a global leader in entertainment and communications technology," said
McClelland joined ARRIS in 1999 as Vice President of Engineering, leading the product development of the Company's voice and broadband products. As the Company expanded its product offering and global presence, McClelland served in multiple roles including Group President, for products and services, and General Manager of the Customer Premises Equipment unit. In his current role as President, Network & Cloud and Global Services, McClelland is responsible for overseeing the development and delivery of a diverse portfolio of broadband and video network infrastructure products and cloud-based software solutions, along with an extensive technical and professional services organization.
McClelland came to ARRIS following 11 years at
"It is often said that a company takes on the personality of the CEO, and ARRIS is a perfect example of this adage.
Stanzione will remain with ARRIS on a full-time basis as Executive Chairman. In this role, Stanzione will focus on strategic planning and customer engagement, as well as supporting Bruce as ARRIS CEO. Stanzione was the founding President and CEO of
The appointment of McClelland as CEO is the culmination of a formal CEO succession process started in early 2016 by the Board of Directors. In connection with the process, the Board retained the firm of
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Statements made in this press release, including those related to future revenues, are forward-looking statements. These statements involve risks and uncertainties that may cause actual results to differ materially from those set forth in these statements. Among other things, projected results for the full year 2016, as well as the general outlook for 2016 and beyond are based on preliminary estimates, assumptions and projections that management believes to be reasonable at this time, but are beyond management's control; the strengthening U.S. Dollar may adversely impact our international customer's ability or willingness to purchase products and the pricing of our products; and we may fail to realize the expected benefits of the recently completed Pace acquisition and may incur significant additional transaction costs and/or unknown liabilities.
In addition to the factors set forth elsewhere in this release, other factors that could cause results to differ from current expectations include: regulatory changes and their impact on our business and financial results; consolidations with our customer base and our suppliers; rights to intellectual property, including related litigation; the impact of rapidly changing technologies; market trends and the adoption of industry standards. These factors are not intended to be an all-encompassing list of risks and uncertainties that may affect the Company's business. Additional information regarding these and other factors can be found in the Company's reports filed with the Securities and Exchange Commission, including its Form 10-Q for the quarter ended June 30, 2016. In providing forward-looking statements, the Company expressly disclaims any obligation to update publicly or otherwise these statements, whether as a result of new information, future events or otherwise.
ARRIS and the ARRIS Logo are trademarks or registered trademarks of
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/arris-appoints-bruce-mcclelland-as-new-ceo--bob-stanzione-appointed-executive-chairman-300317249.html
Jeanne Russo, Communications, +1.215.323.1880, firstname.lastname@example.org; Bob Puccini, Investor Relations, +1.720.895.7787, email@example.com