Commscope Holding Company, Inc. Announces Executive Changes, Effective November 1, 2021
October 25, 2021 at 08:00 am EDT
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CommScope Holding Company, Inc. announced a number of changes to its finance functions, including the appointment of Kyle Lorentzen, currently senior vice president and chief transformation officer, as executive vice president and chief financial officer, effective November 1, 2021. Mr. Lorentzen succeeds Alex Pease, who is stepping down to assume a senior executive role at another public company, which is expected to be announced later this week. Mr. Lorentzen joined CommScope in December 2020 to develop and oversee the Company?s ongoing CommScope NEXT strategy. With Mr. Lorentzen?s prior experience as a chief financial officer, as well as his transformation leadership at several portfolio companies at Apollo and Carlyle, the Company believes he is a natural fit to lead its finance functions, while continuing to accelerate the transformation of the Company through its CommScope NEXT initiatives. The Company also announced that Justin Coleman, who currently serves as senior vice president, finance, will assume Mr. Lorentzen?s current role as chief transformation officer, and Brooke Clark, currently senior vice president and chief accounting officer, will take on the additional responsibility of leading the corporate financial planning and analysis function. Mr. Lorentzen will continue to oversee the transformation office, with Mr. Coleman and Ms. Clark reporting directly to him.
CommScope Holding Company, Inc. is a global provider of infrastructure solutions for communication, data center and entertainment networks. Its segments include Connectivity and Cable Solutions (CCS), Outdoor Wireless Networks (OWN), Networking, Intelligent Cellular and Security Solutions (NICS), and Access Network Solutions (ANS). The CCS segment provides fiber optic and copper connectivity and cable solutions for use in telecommunications, cable television, residential broadband networks, data centers and business enterprises. The OWN segment includes base station antennas, radio frequency filters, tower connectivity, microwave antennas, metro cell products, cabinets, steel, accessories and the wireless spectrum management business, Comsearch. The NICS segment provides wireless networks for enterprises and service providers. The ANS segmentâs product solutions include cable modem termination systems, video infrastructure, distribution and transmission equipment and cloud solutions.