SANTA ROSA, Calif., Nov. 14, 2017
Keysight Technologies, Inc. (NYSE: KEYS) today announced that Bethany Mayer is resigning from her role as president of the company's Ixia Solutions Group to pursue other interests, effective as of Dec. 1, 2017. Mark Pierpoint, currently the vice president and general manager of Internet Infrastructure Solutions within the company's Communications Solutions Group, will become the acting president of the Ixia Solutions Group on that date.
Mayer, formerly the chief executive officer and president of Ixia, joined Keysight following its acquisition of Ixia in April 2017. Since the acquisition, Mayer has led the Ixia business as a group within Keysight.
"I thank Bethany for leading the Ixia Solutions Group within Keysight," said Ron Nersesian, Keysight's president and chief executive officer. "Her leadership led directly to the successful combination of our two companies and has been instrumental in our integration. I wish her the best in her future endeavors."
Pierpoint has served as general manager of Internet Infrastructure Solutions since 2015, responsible for developing and delivering solutions across the commercial communications network from network access points to data centers and the cloud. Immediately prior to this role, he led Keysight's modular software and instrument initiatives. Pierpoint joined the business in 1987 when it was part of Hewlett-Packard and has held multiple management positions in R&D, marketing and operations across various businesses and geographies. He earned his Ph.D. in microwave engineering and his bachelor's degree in electrical and electronic engineering from the University of Leeds in the United Kingdom.
"I'm looking forward to working with Mark in this new role as acting president of the Ixia Solutions Group. His experience in leading our Internet Infrastructure Solutions and other software-focused solutions businesses makes him the clear choice to fill this role," said Nersesian. "Mark has worked closely with the Ixia business since the acquisition earlier this year and is well positioned to lead the completion of our integration activities and maximize the potential of our expanded company."
The company has begun a search process for Mayer's permanent successor and is committed to a seamless transition.
This communication contains forward-looking statements as defined in the Securities Exchange Act of 1934 and is subject to the safe harbors created therein. These forward-looking statements involve risks and uncertainties that could significantly affect the expected results and are based on certain key assumptions of Keysight's management and on currently available information. Due to such uncertainties and risks, no assurances can be given that such expectations or assumptions will prove to have been correct, and readers are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date hereof. Keysight undertakes no responsibility to publicly update or revise any forward-looking statement. The forward-looking statements contained herein include, but are not limited to, the expected timing to name a permanent replacement for the role of president of the Ixia Solutions Group. The words "anticipate," "plan," "estimate," "expect," "intend," "will," "should," "forecast," "project," and similar expressions, as they relate to the company, are intended to identify forward-looking statements.
In addition to the risks above, other risks that Keysight faces include those detailed in Keysight's filings with the Securities and Exchange Commission, including our Form 10-K for the fiscal year ended Oct. 31, 2016, and Keysight's quarterly report on Form 10-Q for the period ended July 31, 2017.
Keysight Technologies, Inc. (NYSE: KEYS) is a leading technology company that helps its engineering, enterprise and service provider customers optimize networks and bring electronic products to market faster and at a lower cost. Keysight's solutions go where the electronic signal goes, from design simulation, to prototype validation, to manufacturing test, to optimization in networks and cloud environments. Customers span the worldwide communications ecosystem, aerospace and defense, automotive, energy, semiconductor and general electronics end markets. Keysight generated revenues of $2.9B in fiscal year 2016. In April 2017, Keysight acquired Ixia, a leader in network test, visibility, and security. More information is available at www.keysight.com.
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