Sonus Networks (NASDAQ:[[ticker:SONS]]), a Westford, MA-based provider of telecommunications network products, says that its director and CEO, Richard Nottenburg, plans to step down from his posts by March 2011. Nottenburg, a former Motorola executive who has helmed Sonus since June 2008, will help the firm’s board find his successor, according to the company. He’s led the company through a corporate restructuring plan, which included the layoffs of 50 employees in December 2008 and 93 workers in August 2009, cutting its overall work force by about 14 percent. The plan helped reduce the company’s annual loss from $116.2 million in 2008 to $4.9 million in 2009.
Author: Ryan McBride
Ryan is an award-winning business journalist who contributes to our life sciences and technology coverage. He was previously a staff writer for Mass High Tech, a Boston business and technology newspaper, where he and his colleagues won a national business journalism award from the Society of American Business Editors and Writers in 2008. In recent years, he has made regular TV appearances on New England Cable News.
Prior to MHT, Ryan covered the life sciences, technology, and energy sectors for Providence Business News. He graduated with honors from the University of Rhode Island in 2001 with a bachelor’s degree in communications. When he’s not chasing down news, Ryan enjoys mountain biking and skiing in his home state of Vermont.
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