Riverbed|Aternity Announces Appointment of New Board of Directors
Riverbed (News - Alert)|Aternity (the "Company") today announced that, as part of its recapitalization, which was finalized today, the following seven directors have been appointed to the Company's new Board of Directors (the "Board"). These appointments became effective on December 7, 2021, upon the completion of the Company's recapitalization and voluntary court-supervised process.
"We are pleased to welcome our new directors, a group of seasoned, accomplished and respected business leaders who will bring a wide and diverse range of skills to the Riverbed|Aternity Board," said Dan Smoot, President and CEO of Riverbed|Aternity. "As we begin our next phase, we are excited to be moving forward with a strong and experienced Board that is aligned with our vision for the future, and will help us further our strategic goals, expand our relationships across industries and capture the value creation opportunities and growth in front of us. With a stronger financial profile and reinforced Board oversight, Riverbed|Aternity is ideally positioned to meet and exceed our customers' and partners' needs."
The following individuals, who collectively bring extensive industry and leadership experience, will serve as members of the Board:
R. Carter Pate, Chair of the Board
Mr. Smoot continued, "I also want to thank our outgoing board members for their valuable service over many years. Their leadership was instrumental in building Riverbed into the leading platform it is today, and they have played a pivotal role in guiding us through our successful recapitalization. We wish them well in their future endeavors."
Riverbed and any Riverbed product or service name or logo used herein are trademarks of Riverbed Technology, Inc. All other trademarks used herein belong to their respective owners.
This news release includes forward-looking statements. Such statements are generally not historical in nature, and specifically include statements about the Company's plans, strategies, business prospects, changes and trends in its business, the markets in which it operates and its restructuring efforts. These statements are made based upon management's current plans, expectations, assumptions and beliefs concerning future events impacting the Company and therefore involve a number of risks, uncertainties and assumptions that could cause actual results to differ materially from those expressed or implied in the forward-looking statements, which speak only as of the date of this news release. Consequently, no forward-looking statement can be guaranteed. When considering these forward-looking statements, you should keep in mind the risks described from time to time in the Company's regulatory filings and periodical reporting. The Company undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date on which such statement is made or to reflect the occurrence of unanticipated events. New factors emerge from time to time, and it is not possible for the Company to predict all of these factors. Further, the Company cannot assess the impact of each such factor on its business or the extent to which any factor, or combination of factors, may cause actual results to be materially different from those contained in any forward-looking statement.
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