Tellabs announced that 23-year employee Robert Pullen is being named president, CEO and director of the company, replacing Krish Prabhu, who is scheduled to officially step down at the end of this week. Pullen has most recently been the vice president and general manager of global services, one of Tellab's best recent growth segments.
The company reportedly had been conducting a broad search and talking to several candidates since Prabhu announced his departure late last year, but Pullen's track record and years of service at the company make him look to have been an obvious choice all along. Tellabs founder Michael Birck will remain chairman of Tellabs.
Tellabs has continued to be a market leader in areas such as broadband passive optical networking, but the company has been hounded by M&A rumors over the last year or so.
- read this coverage at Light Reading
- Tellabs announced Prabhu's departure and a stock buy-back plan last November