11/26/05 – SR Telecom Inc. (TSX: SRX, Nasdaq: SRXA), a vendor of licensed OFDM solutions for broadband access networks announced that it has extended its agreement with BlueTree Advisors to continue to retain the services of William Aziz, the Company’s current Interim Chief Executive Officer and President.
Mr. Aziz is BlueTree Advisors’ Managing Partner, and will provide management services to SR Telecom through to December 31, 2006. Mr. Aziz was initially named as Chief Restructuring Officer in April of this year. He has had extensive experience in turnaround situations, holding senior management positions in a number of publicly-traded and privately-held entities.
In addition, Paul Griswold, named to SR Telecom’s Board of Directors in August, becomes Vice Chairman of the Board and Secretary, effective immediately. Mr. Griswold is CEO of SLI Holdings International, LLC of Purchase New York. Mr. Griswold has also held senior positions at Paxar Corporation and Pactiv Corporation, and was Vice President of Packaging Development and Procurement for Pepsi International.
“As recently announced, our third quarter showed tangible results of our restructuring initiatives. We are confident that under Mr. Aziz’s leadership we have the right management team in place to ensure further improvement,” stated Company Chairman Lionel Hurtubise.
SR TELECOM designs, manufactures and deploys versatile, Broadband Fixed Wireless Access solutions. A pioneer in the industry, its solutions include equipment, network planning, project management, installation and maintenance. SR Telecom is a principal member of WiMAX Forum, a cooperative industry initiative which promotes the deployment of broadband wireless access networks by using a global standard and certifying interoperability of products and technologies.