TranSwitch Corp. appointed Timothy T. Blanke vice president in charge of worldwide sales for the struggling Shelton telecomm technology provider.
Meantime, former Verizon Wireless technology chief Richard J. (Dick) Lynch has taken over as chairman of the board and executive committee, succeeding Gerald Montry, who remains on the nominating and corporate governance committees, according to TranSwitch's latest 8-K filing with the Securities and Exchange Commission.
Blanke is now responsible for TranSwitch's worldwide sales strategy and execution including development of key accounts, sales channels and penetration of new markets.
He also is part of the executive management team and reports to President and CEO M. Ali Khatibzadeh.
Blanke's predecessor, Ted Chung, is now vice president for business development, focusing on strategic initiatives.
TranSwitch recently announced an immediate restructuring to cut annual overhead by some $8 million, the first savings due in the third quarter.
In connection with the restructuring, TranSwitch said it will ncur second- and third-quarter pre-tax charges totaling approximately $1.6 million, mostly tied to worker relocation and severance and renegotiated leases.
Prior to joining TranSwitch, Blanke held various sales management positions at ANADIGICS, a Warren, N.J., vendor to the telecomm market. Most recently, he was director of Asia Pacific sales.
Blanke holds a BA in economics from the University of Massachusetts and an MBA from Rutgers, the State University of New Jersey with a concentration in management and business strategy.
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