N@N

Tellabs Board of Directors names Vincent H. Tobkin chairman of the board

^{Published on 2013-05-01 14:15:30 - Market Wire}
 

Tellabs Board of Directors names Vincent H. Tobkin chairman of the board -- NAPERVILLE, Ill., May 1, 2013 /PRNewswire/ --

NAPERVILLE, Ill., May 1, 2013 /PRNewswire/ -- The Tellabs Board of Directors has elected Vincent H. Tobkin as chairman of the Board of Directors of Tellabs. He succeeds Michael J. Birck , Tellabs' co-founder and chairman, who retired effective as of the end of the Annual Stockholder Meeting today.

Tobkinhas served as a Tellabs director since 2010. He was a senior advisor, retired director and global telecom/technology practice leader of Bain & Company from 1992 to 2009, general partner and founder of Sierra Ventures from 1984 to 1992, and a partner and consultant with McKinsey and Company from 1976 to 1984. A photo of Tobkin is available [ here ].

At the Tellabs Annual Stockholder Meeting, stockholders elected Class III directors Alex Mashinsky , Gregory J. Rossmann , Vincent H. Tobkin and Mikel H. Williams to serve as Tellabs directors through 2016. Mashinsky is a [ new Tellabs director ]. Biographies of Tellabs directors are available [ here ].

A proposal to declassify the Tellabs Board did not gain sufficient votes to pass.

Stockholders:

• Approved, on an advisory basis, Tellabs' named executive officer compensation.
• Reapproved performance criteria for compensation under Tellabs' Amended & Restated 2004 Incentive Compensation Plan.
• Ratified Ernst & Young as Tellabs' independent auditor for 2013.

About Tellabs – Tellabs innovations advance smart networks and help our customers succeed. That's why 80% of the top global communications service providers choose our mobile backhaul, packet optical and services solutions. We help them get ahead by adding revenue, reducing expenses and optimizing networks.

Tellabs (Nasdaq: [ TLAB ]) is part of the NASDAQ Global Select Market, Ocean Tomo 300® Patent Index, the S&P MidCap 400 Index and several corporate responsibility indexes including the Maplecroft Climate Innovation Index, FTSE4Good and eight FTSE KLD indexes.

Tellabs® and the Tellabs logo are trademarks of Tellabs or its affiliates in the United States and/or other countries. Any other company or product names mentioned herein may be trademarks of their respective companies.

SOURCE Tellabs