Brings over 30 Years of Multi-Platform, Global Telecom Experience
and Engineering Background
KING OF PRUSSIA, Pa.--(BUSINESS WIRE)--
InterDigital, Inc. (NASDAQ: IDCC) announced today that its Board of
Directors has named Terry Clontz to serve as Chairman of the Board,
effective immediately. Mr. Clontz has served as an independent member of
InterDigital's Board of Directors since April 1998. His election fills
the chairmanship role that became vacant with the passing of the
previous Chairman of the Board, Harry Campagna, in December 2009.
"I am privileged to assume this role at such an exciting time for
InterDigital and the wireless industry," said Mr. Clontz. "As wireless
services become more pervasive, the technical challenges to meet
consumer demands, particularly for higher throughput of wireless data,
will become even greater. Solving such challenges is InterDigital's core
strength. With its history of invention, team of talented engineers and
strong balance sheet, I believe InterDigital is well positioned to
innovatively drive the future of wireless connectivity, which in turn,
will continue to enhance the value of InterDigital."
"We are extremely happy to have Terry serve as our new Chairman," added
William J. Merritt, InterDigital's President and Chief Executive Officer
and fellow member of the Board of Directors. "His deep knowledge of the
wireless markets brings valuable insight needed to evolve and execute on
our strategy to be a leading innovator in wireless technology solutions."
Mr. Clontz is a global telecommunications industry veteran with 37 years
of extensive experience across a broad range of markets. His leadership
and influence has been recognized by several prestigious awards,
including being named as Telecom Chief Executive Officer for 2009 by
Telecom Asia Magazine and Best CEO in 2009 for the Singapore Corporate
Awards. Under his leadership, StarHub received Euromoney's Best Managed
and Governed Company - Asia 2009.
He recently joined Singapore Technologies Telemedia, serving as Managing
Director for North America and Europe to steward their investments in
the USA and Europe. His other directorships include Equinix, a leading
global provider of network-neutral data centers and Internet exchange
services, and Eircom, the largest telecom services provider in Ireland.
He also remains a non-executive director on the board of StarHub, and
serves as a member of the Executive Committee for Global Crossing.
From January 1999 through his retirement in 2009, Mr. Clontz served as
President and Chief Executive Officer of StarHub, a Singapore-based
network operator providing a full range of information, communications
and entertainment services over fixed, mobile, Internet and cable
television networks. Prior to joining StarHub, Mr. Clontz served as
President and Chief Executive Officer and Executive Director of IPC
Information Systems, a provider of financial trading communications
solutions, from 1995 through 1998. Mr. Clontz began his career as an
engineer with Southern Bell in 1973, joining BellSouth International in
1987 and serving as President of its Asia Pacific Region from 1992
through 1995. Mr. Clontz earned his bachelor's degree in physics from
the University of North Carolina at Greensboro.
InterDigital also announced that the Board has made appointments to fill
the committee vacancies created by the passing of Mr. Campagna. Mr.
Kritzmacher has joined the Board's nominating and corporate governance
and compensation committees and will serve as the chairman of the
nominating and corporate governance committee. Mr. Clontz will serve as
the chairman of the compensation committee.
About InterDigital
InterDigital develops fundamental wireless technologies that are at the
core of mobile devices, networks and services worldwide. We solve many
of the industry's most critical and complex technical challenges,
inventing solutions for more efficient broadband networks and a richer
multimedia experience years ahead of market deployment. InterDigital has
licenses and partnerships with many of the world's leading wireless
companies.
InterDigital is a registered trademark of InterDigital, Inc.
For more information, visit: www.interdigital.com
Source: InterDigital, Inc.
Contact: InterDigital, Inc.
Media Contact:
Jack Indekeu, +1 610-878-7800
jack.indekeu@interdigital.com
or
Investor Contact:
Janet Point, +1 610-878-7800
janet.point@interdigital.com