Mondor replaces Trimm as Concurrent CEO
Concurrent announced today that Dan Mondor will replace Gary Trimm as the company’s CEO.
Mondor will also join Concurrent’s board of directors while Trimm will retire from the board. Both Trimm and Mondor will be on Concurrent’s next earnings call, which is slated for April 25.
Trimm has been Concurrent’s CEO since 2004 and following his retirement he’ll serve as a part-time consultant for the company.
“I've had the great satisfaction to serve as the CEO of a wonderful company, and I am delighted that Dan Mondor will continue to build on the work we have done over the last four years,” Trimm said. “Dan is an industry veteran who has a proven track record of driving revenue growth. We are excited about the skill and leadership qualities Dan brings to the job. In addition, the board and I are committed to assuring a successful transition and I look forward to remaining in a consulting capacity to help ensure that Dan and Concurrent are successful."
Mondor has more than 28 years of industry experience in the areas of general management, sales, marketing and strategic planning. Prior to joining Concurrent, Mondor held senior executive positions with Mitel Network Solutions, Nortel Networks, and Siemens Corporation.
Most recently, he was president of Mitel Networks, with responsibility for Mitel's United States region. Prior to joining Mitel, he was vice president and general manager of Nortel's global cable MSO business and held a number of senior executive positions during his 16-year career at Nortel.
"I am excited that Dan will be leading Concurrent,” said Steve Nussrallah, Concurrent's chairman of the board. “He brings tremendous industry experience and business leadership to the company that we expect will launch Concurrent to a new level.
“Gary Trimm did an excellent job turning the business around and built a strong foundation that we believe Dan Mondor will be able to capitalize upon for the benefit of our employees and shareholders.”
Concurrent’s MediaHawk on-demand platform has been selected for VOD deployments by several cable operators. Earlier this month, Cox Communications said it would deploy MediaHawk 4500 servers across its entire VOD-enabled footprint.
The MediaHawk was used by Time Warner Cable for the cable operator’s first Start Over roll out in Columbia, South Carolina three years ago and was also selected for the same duty earlier this year in Bright House Network’s Start Over deployment.
Everstream, a division of Concurrent, is being used by some cable operators to collect and sort cable system information. Concurrent also has real-time Linux software and technology products that are used by commercial and government markets.
In January, Concurrent announced it had a net loss of $769,000 on $17.6 million in revenue for the second quarter of fiscal 2008.
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