Jersey City, NJ, Friday February 4th 2011. CENX Inc., operator of the world’s first and most connected Carrier Ethernet exchanges with over 15m ESLs (Ethernet Service Locations), today announces the appointment of Herb Hribar as its Chief Executive Officer. Herb brings to CENX more than 35 years of hands-on executive leadership experience in telecommunications, playing pivotal roles in growth and financial success of multi-billion dollar wireless, fixed line carrier and cable operator organizations worldwide. For just over last 10 years, his operating leadership has resulted in the creation of $20b enterprise value in aggregate.
“We are delighted to welcome Herb to CENX’s already talented executive team. His hands-on operating expertise, international experience and value creation ability will play a critical role in CENX’s accelerating global expansion and its continuing development of innovative solutions and creative business partnerships.” said Nan Chen, co-founder and President of CENX.
“Herb’s profound understanding of the industry and proven track record will be invaluable as CENX continues to lead the drive to interconnect Carrier Ethernet networks on global scale for service delivery of our customers’ applications, including wireless backhaul, worldwide” said Dixon Doll, CENX Chairman, co-founder and General Partner of the venture capital firm DCM.
“CENX’s thought leadership and innovation have already established Carrier Ethernet exchanges as the way forward to fulfill the promise of a scalable, ubiquitous, worldwide Carrier Ethernet service infrastructure,” said Herb. “The CENX team has taken a leading role in the creation of a vast new market for Ethernet services. CENX has the talent, drive, expertise and exclusive focus that leading carriers require to effectively scale their Ethernet services, voice/video exchanges, and wireless backhaul businesses. I look forward to helping to accelerate the growth of CENX and our service provider members, while continuing to shape the industry.”
Herb’s executive leadership roles began with President of Ameritech Wireless (3.5m subscribers/$2b in revenue, one of the fastest growing wireless carriers in the US), President of Ameritech Europe ($2.5b investment in wireless and wire-line telecommunications operators) and General Manager of Sprint International for Eastern Europe, Middle East and Africa. His recent leadership positions, which resulted in creating tremendous shareholder value, included serving as President and COO of Verio (acquired by NTT for $5.5b in 2000), COO of Eircom (largest telecommunications company in Ireland, IPO for $4b in 2004), COO of Cablecom (largest broadband cable operator in Switzerland, acquired by Liberty Global for $3.6b in 2005), and COO of Kabel Deutschland (largest broadband cable operator in Germany, IPO for $6.5b in 2010). He holds an MS in Civil Engineering from the University of Illinois, an MS in Computer Science from Johns Hopkins University, and an MBA from The George Washington University. Herb is a graduate of the US Naval Academy with a BS in Ocean Engineering and served for 9 years as an officer in the United States Navy including responsibilities for telecommunications infrastructure.
CENX, Inc., operates the world’s first and most connected Carrier Ethernet exchange. CENX delivers award-winning, carrier-neutral, location-neutral, Carrier Ethernet exchange services to global, regional and local telecom/internet service providers. CENX interconnects service providers’ Carrier Ethernet networks worldwide, providing access to more than 15 million Ethernet Service Locations. CENX simplifies, integrates, monitors and expedites services, enabling vast revenue opportunities, dramatic cost-saving and Carrier Ethernet global ubiquity. CENX's investors include management and a number of world class firms, including DCM (whose co-founder, Dixon Doll, is the Chairman of the CENX Board of Directors), Highland Capital Partners and Mesirow Financial. Through its work in the MEF MEF (www.MetroEthernetForum.org) and in the industry, the CENX management team has played a leading role in the definition of standards and the development of the Carrier Ethernet market over the past ten years. For more information please contact CENX at firstname.lastname@example.org, +1 847 905 1020, or visit www.cenx.com