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Stock impact report

UTStarcom Announces CEO to Take Medical Leave of Absence

UTStarcom Holdings Corp - Ordinary Shares (UTSI) 
Last utstarcom holdings corp - ordinary shares earnings: 11/8 06:00 am Check Earnings Report
US:NASDAQ Investor Relations: utstar.com
Company Research Source: GlobeNewswire
HONG KONG, March 16, 2020 (GLOBE NEWSWIRE) -- UTStarcom (“UTStarcom” or “the Company”) (NASDAQ:UTSI), a global telecommunications infrastructure provider, announced today that Mr. Tim Ti, UTStarcom's Chief Executive Officer (CEO), will take a temporary medical leave of absence, effective immediately.  In Mr. Ti's absence, UTStarcom has appointed Dr. Zhaochen Huang as the Company’s Acting CEO.  Dr. Huang is currently the Senior Vice President of Sales and Business Development for Japan and Korea and has previously served as Chief Operating Officer, Vice-President of Global Operations as well as General Manager of UTStarcom India. Mr. Yongqing Yan, the Chairman of UTStarcom’s Board of Directors, commented, "We wish Mr. Ti a speedy recovery and look forward to his return to UTStarcom. Mr. Ti’s condition is not related to the COVID-19”.  About UTStarcom Holdings Corp. UTStarcom is committed to helping network operators offer their customers the most innovative, reliable and cost-eff Show less Read more
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