ADTRAN Holdings, Inc. announces CFO transition
ADTRAN Holdings (NASDAQ: ADTN) has announced a significant leadership change with the appointment of Timothy Santo, CPA as the new Chief Financial Officer, effective March 10, 2025. Santo will succeed Uli Dopfer, who will transition to a new role as Vice President, Finance & Administration Planning while maintaining his position on the Management Board of Adtran Networks SE.
Santo brings over 25 years of corporate finance experience, including executive positions at GE Capital, Conn's Inc., and PRA Group, Inc. He holds an MBA from the University of Rochester and is a Certified Public Accountant. The company's CEO, Tom Stanton, expressed confidence in Santo's ability to drive initiatives for cash generation and value creation, citing his expertise in simplifying complex capital structures and implementing strategic initiatives.
ADTRAN Holdings (NASDAQ: ADTN) ha annunciato un cambiamento significativo nella leadership con la nomina di Timothy Santo, CPA come nuovo Chief Financial Officer, a partire dal 10 marzo 2025. Santo succederà a Uli Dopfer, che passerà a un nuovo ruolo come Vice Presidente della Pianificazione Finanziaria e Amministrativa, mantenendo la sua posizione nel Consiglio di Amministrazione di Adtran Networks SE.
Santo porta con sé oltre 25 anni di esperienza nella finanza aziendale, inclusi ruoli dirigenziali in GE Capital, Conn's Inc. e PRA Group, Inc. Ha conseguito un MBA presso l'Università di Rochester ed è un Commercialista Certificato. L'amministratore delegato dell'azienda, Tom Stanton, ha espresso fiducia nella capacità di Santo di guidare iniziative per la generazione di cassa e la creazione di valore, citando la sua esperienza nel semplificare strutture di capitale complesse e nell'implementare iniziative strategiche.
ADTRAN Holdings (NASDAQ: ADTN) ha anunciado un cambio significativo en el liderazgo con el nombramiento de Timothy Santo, CPA como nuevo Director Financiero, efectivo a partir del 10 de marzo de 2025. Santo sucederá a Uli Dopfer, quien pasará a un nuevo rol como Vicepresidente de Planificación Financiera y Administrativa, manteniendo su posición en la Junta Directiva de Adtran Networks SE.
Santo aporta más de 25 años de experiencia en finanzas corporativas, incluyendo posiciones ejecutivas en GE Capital, Conn's Inc. y PRA Group, Inc. Posee un MBA de la Universidad de Rochester y es Contador Público Certificado. El CEO de la compañía, Tom Stanton, expresó confianza en la capacidad de Santo para impulsar iniciativas de generación de efectivo y creación de valor, citando su experiencia en simplificar estructuras de capital complejas e implementar iniciativas estratégicas.
ADTRAN Holdings (NASDAQ: ADTN)는 Timothy Santo, CPA를 새로운 최고 재무 책임자로 임명하며 중요한 리더십 변화를 발표했습니다. 이 임명은 2025년 3월 10일부터 효력이 발생합니다. Santo는 Uli Dopfer의 후임이 되며, Dopfer는 재무 및 행정 계획 부사장으로 새로운 역할로 전환하면서 Adtran Networks SE의 경영 이사회에서의 직책을 유지합니다.
Santo는 GE Capital, Conn's Inc., PRA Group, Inc.에서의 임원직을 포함하여 25년 이상의 기업 재무 경험을 보유하고 있습니다. 그는 로체스터 대학교에서 MBA를 취득하였으며, 공인 회계사입니다. 회사의 CEO인 Tom Stanton은 Santo가 현금 생성 및 가치 창출을 위한 이니셔티브를 추진할 수 있는 능력에 대한 신뢰를 표명하며, 복잡한 자본 구조를 단순화하고 전략적 이니셔티브를 구현하는 그의 전문성을 언급했습니다.
ADTRAN Holdings (NASDAQ: ADTN) a annoncé un changement significatif dans la direction avec la nomination de Timothy Santo, CPA en tant que nouveau directeur financier, à compter du 10 mars 2025. Santo succédera à Uli Dopfer, qui passera à un nouveau rôle de vice-président de la planification financière et administrative tout en conservant sa position au conseil d'administration d'Adtran Networks SE.
Santo apporte plus de 25 ans d'expérience en finance d'entreprise, y compris des postes exécutifs chez GE Capital, Conn's Inc. et PRA Group, Inc. Il est titulaire d'un MBA de l'Université de Rochester et est expert-comptable certifié. Le PDG de l'entreprise, Tom Stanton, a exprimé sa confiance dans la capacité de Santo à conduire des initiatives de génération de liquidités et de création de valeur, citant son expertise dans la simplification des structures de capital complexes et la mise en œuvre d'initiatives stratégiques.
ADTRAN Holdings (NASDAQ: ADTN) hat eine bedeutende Veränderung in der Führung angekündigt, indem Timothy Santo, CPA zum neuen Chief Financial Officer ernannt wurde, der am 10. März 2025 in Kraft tritt. Santo wird Uli Dopfer nachfolgen, der in eine neue Rolle als Vizepräsident für Finanz- und Verwaltungsplanung wechselt und gleichzeitig seine Position im Vorstand von Adtran Networks SE behält.
Santo bringt über 25 Jahre Erfahrung in der Unternehmensfinanzierung mit, einschließlich leitender Positionen bei GE Capital, Conn's Inc. und PRA Group, Inc. Er hat einen MBA von der Universität Rochester und ist ein zertifizierter Wirtschaftsprüfer. Der CEO des Unternehmens, Tom Stanton, äußerte Vertrauen in Santos Fähigkeit, Initiativen zur Cash-Generierung und Wertschöpfung voranzutreiben, und hob seine Expertise in der Vereinfachung komplexer Kapitalstrukturen und der Umsetzung strategischer Initiativen hervor.
- Appointment of experienced CFO with 25+ years of corporate finance expertise
- New CFO brings public company and international finance experience
- Smooth transition planned with previous CFO remaining in leadership role
- None.
Timothy Santo, CPA, accomplished finance and accounting executive with extensive public company experience, named CFO; Uli Dopfer to transition to new role
Mr. Santo brings more than 25 years of corporate finance experience, including more than a decade in executive roles at public companies. He has deep expertise in international finance, accounting and treasury operations. Mr. Santo joined GE Capital in 2003, where he spent thirteen years in various executive level finance and operational leadership roles. More recently, he served as CFO at Conn’s, Inc., Senior Vice President and Global Controller at PRA Group, Inc., and was a Senior Manager of the Business Advisory Services and Finance Transformation Group at Grant Thornton, LLP. Mr. Santo holds a Master of Business Administration from the University of Rochester, William E. Simon Graduate School of Business Administration, and a Bachelor of Science in Accounting and is a Certified Public Accountant.
ADTRAN Holdings’ Chairman and Chief Executive Officer Tom Stanton stated, “As we look ahead, we see a meaningful opportunity to increase our earnings power and enhance shareholder value. Tim’s proven ability to simplify complex capital structures and drive strategic initiatives will be invaluable. With his extensive experience in large, multinational public companies, we are confident in his ability to lead initiatives that drive cash generation and unlock value for our organization.”
With the appointment of Mr. Santo, Mr. Dopfer will continue to serve on the Management Board of Adtran Networks SE, as well as serve as Vice President, Finance & Administration Planning to assist in facilitating a smooth transition.
About Adtran
ADTRAN Holdings, Inc. (NASDAQ: ADTN and FSE: QH9) is the parent company of Adtran, Inc., a leading global provider of open, disaggregated networking and communications solutions that enable voice, data, video and internet communications across any network infrastructure. From the cloud edge to the subscriber edge, Adtran empowers communications service providers around the world to manage and scale services that connect people, places and things. Adtran solutions are used by service providers, private enterprises, government organizations and millions of individual users worldwide. ADTRAN Holdings, Inc. is also the largest shareholder of Adtran Networks SE, formerly ADVA Optical Networking SE. Find more at Adtran, LinkedIn and Twitter.
Cautionary Note Regarding Forward-Looking Statements
Statements contained in this press release and the accompanying earnings call which are not historical facts, such as those relating to expectations regarding ADTRAN Holdings’ strategy and outlook, including future profitability, growth and cash generation, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements can also generally be identified by the use of words such as “believe,” “expect,” “intend,” “estimate,” “anticipate,” “will,” “may,” “could” and similar expressions. In addition, ADTRAN Holdings, through its senior management, may from time to time make forward-looking public statements concerning the matters described herein. All such projections and other forward-looking information speak only as of the date hereof, and ADTRAN Holdings undertakes no duty to publicly update or revise such forward-looking information, whether as a result of new information, future events, or otherwise, except to the extent as may be required by law. All such forward-looking statements are necessarily estimates and reflect management’s best judgment based upon current information. Actual events or results may differ materially from those anticipated in these forward-looking statements as a result of a variety of factors. While it is impossible to identify all such factors, factors which have caused and may in the future cause actual events or results to differ materially from those estimated by ADTRAN Holdings include, but are not limited to: (i) risks and uncertainties relating to ADTRAN Holdings’ ability to continue to reduce expenditures and the impact of such reductions on its financial results and financial condition; (ii) risks and uncertainties relating to our ability to comply with the covenants set forth in our credit agreement, to satisfy our payment obligations to Adtran Networks’ minority shareholders under the Domination and Profit and Loss Transfer Agreement between us and Adtran Networks (the “DPLTA”), and to make payments to Adtran Networks in order to absorb its annual net loss pursuant to the DPLTA; (iii) the risk of fluctuations in revenue due to lengthy sales and approval processes required by major and other service providers for new products, as well as shifting customer spending patterns; (iv) risks and uncertainties relating to our level of indebtedness; (v) risks and uncertainties relating to ongoing material weaknesses in our internal control over financial reporting; (vi) risks posed by potential breaches of information systems and cyber-attacks; (vii) the risk that ADTRAN Holdings may not be able to effectively compete, including through product improvements and development; and (viii) other risks set forth in ADTRAN Holdings’ filings with the Securities and Exchange Commission (“SEC”), including its most recent Annual Report on Form 10-K and subsequent quarterly reports on Form 10-Q or other filings with the SEC.
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ADTRAN Holdings, Inc.
www.adtran.com
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For media
Gareth Spence
+44 1904 699 358
public.relations@adtran.com
For investors
Peter Schuman, IRC
+1 256 963 6305
investor.relations@adtran.com
Source: ADTRAN Holdings, Inc.
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