CommScope has named Mark Olson executive vice president and chief
financial officer, effective February 1. He will replace Jearld
Leonhardt, a CommScope founder and the company’s top financial executive
for its entire history, who has chosen to step down from his current and
long-standing position as executive vice president and chief financial
officer as he transitions to a planned retirement in 2013.
“Jearld has left an indelible mark on CommScope over a 41-year career,
and his steady leadership has guided the company to its position as a
global infrastructure leader,” said Eddie Edwards, president and chief
executive officer, CommScope. “From the mid-1970s when he and founder
Frank Drendel worked night and day to raise funds to start the company,
Jearld has guided CommScope through various market cycles, acquisitions,
financing programs and growth periods with the highest of integrity,
setting the example for how business can and should be conducted every
day. On behalf of the thousands of people he has touched during his
career, I am grateful for his service, leadership and friendship.”
Leonhardt will continue with CommScope for a period of time in an
advisory role, assisting Edwards, Olson and Drendel, chairman of
CommScope’s board of directors, on transition issues and other projects.
Olson has been CommScope’s controller and principal accounting officer
since 2009. He previously served as vice president and controller for
Andrew LLC since the closing of the CommScope’s acquisition of Andrew
Corporation in December 2007. He joined Andrew in 1993 as group
controller and eventually rose to vice president, corporate controller
and chief accounting officer. Prior to joining Andrew, he was employed
by Nortel and Johnson & Johnson.
“Mark has the expertise and experience that makes him a natural choice
for his new role,” Edwards said. “I have every confidence that he will
build on the tremendous legacy that Jearld has established in his long
career at CommScope.”
Olson’s current role will be filled by Robert Granow, currently vice
president of Corporate Accounting, who has been named corporate
controller and principal accounting officer, effective February 1.
Granow joined CommScope in 2004 and has held various positions within
the Corporate Controller organization. Prior to joining the company, he
was employed by LifeSpan Incorporated, Aetna Inc. and Arthur Andersen &
has played a role in virtually all the world’s best communication
networks. We create the infrastructure that connects people and
technologies through every evolution. Our portfolio of end-to-end
solutions includes critical infrastructure our customers need to build
high-performing wired and wireless networks. As much as technology
changes, our goal remains the same: to help our customers create,
innovate, design, and build faster and better. We’ll never stop
connecting and evolving networks for the business of life at home, at
work, and on the go.
This press release includes forward-looking statements that are based on
information currently available to management, management’s beliefs, as
well as on a number of assumptions concerning future events.
Forward-looking statements are not a guarantee of performance and are
subject to a number of uncertainties and other factors, which could
cause the actual results to differ materially from those currently
expected. In providing forward-looking statements, the company does not
intend, and is not undertaking any obligation or duty, to update these
statements as a result of new information, future events or otherwise.