APPOINTS JOHN LUHTALA AS VICE PRESIDENT AND CHIEF FINANCIAL OFFICER
Former SCO Executive
Brings 30 Years of Finance Experience with Fortune 500s and Startups
FREMONT, Calif., December 13, 1999 - Centillium Communications,
Inc. today announced the appointment of John W. Luhtala as Vice President
and Chief Financial Officer effective December 8, 1999. Luhtala is responsible
for the management of Centillium's finance department, treasury, investor
relations, and corporate services, and reports directly to A. Travis
White, President and CEO of Centillium.
Luhtala has over 30 years of experience in finance, legal, and accounting
in domestic and international business environments with Fortune 500
companies and startup organizations. His extensive knowledge and expertise
includes financial planning and control, negotiations of lines of credit
and lease financing, management of accounting, budgeting, and treasury
functions, and financial public relations.
"John Luhtala has an outstanding record of achievement in the areas
of law and finance, and we are pleased to have him join our management
team," said Centillium President and CEO A. Travis White. "With
international and domestic management tenures at both large and small
companies, John has the experience necessary to help guide Centillium
through its next stages of growth."
Luhtala Brings Experience in Domestic and International Finance
Prior to joining Centillium, John Luhtala was Senior Vice President
of Operations and CFO at Santa Cruz Operations (SCO), a $223-million
supplier of UNIX operating systems. At SCO, Luhtala was responsible
for the management of the finance, accounting, treasury, tax, facilities,
manufacturing, and MIS departments. He initiated and led a restructuring
effort to enhance financial performance.
Prior to SCO, Luhtala was CFO and Vice President of Mergers, Acquisitions,
and Joint Ventures for SyQuest Technology, a $300-million manufacturer
of removable cartridge disk drives. As part of a new turn-around management
team, Luhtala dealt with the SEC, NASDAQ, and financial press. He was
also involved in raising over $70 million in new equity.
Before Syquest, Luhtala spent nine years with Amdahl Corporation in
various financial management positions, including International Treasury
Manager, Director of Finance for Amdahl France, Assistant Controller,
and Director of Finance for Compatible Systems. Prior to Amdahl, Luhtala
held various international and domestic management positions with Sensormatic
Electronics, US Leasing International, and Richardson-Vicks.
About Centillium Communications
Communications, Inc. is a communication solutions company dedicated
to delivering high-speed Internet access to meet the increasing bandwidth
requirements of businesses and consumers. The company designs and markets
Digital Subscriber Line (DSL) chipset solutions for central office equipment,
DLC line cards, and customer premises equipment. Centillium's chipset
family is the industry's highest port density, lowest power dissipation
solution available to networking equipment manufacturers today. Centillium
Communications, Inc. is located at 47211 Lakeview Blvd., Fremont, CA
94538. Additional information is available at http://www.centillium.com.
© 1999 Centillium Communications, Inc. CopperLite is a trademark
of Centillium Communications, Inc. All of products or service names
mentioned herein are the property of their respective owners.