East Brunswick, New Jersey, November 21, 2011– The Aricent Group, a global technology and innovation services provider, today announced the appointment of Mick Lopez as its new Chief Financial Officer. Lopez joins the company with immediate effect, reporting to CEO Sudip Nandy. Lopez replaces former CFO David Freedman, who is leaving the company for personal reasons.
Sudip Nandy said: “I am very pleased to welcome Mick Lopez to the Aricent Group. His experience at Fortune 500 companies and his global perspective will provide us with strong leadership across finance, strategy, and operations. I am looking forward to a smooth transition that continues our commitment to finance excellence.”
Mick Lopez said: “I am excited to join the Aricent Group. With its unique combination of engineering excellence, communications technology expertise, and innovation prowess at a global scale, the company is well positioned for future growth in telecommunications and other industry verticals that are propelled by a new level of connectivity.”
Lopez brings a track record of 25 years improving profitability, revenue growth, and shareholder value in leading global organizations such as IBM, Tyco International, KPMG, and Cisco to his new role at the Aricent Group. In his most recent position at Cisco Systems, he was Vice President of Corporate Finance and Operations, with responsibility for the financial analysis and planning of the company. In addition, he played an instrumental role in Cisco’s pricing, investments, systems, and strategies. Leading a team of more than 400 finance professionals, he achieved 16 straight quarters of exceeding revenue and earnings guidance.
Prior to Cisco, Lopez was the Vice President of Strategy and Business Development at Tyco International where he oversaw the electronic security and fire suppression systems business. He joined Tyco in 2003, as the CFO of ADT Security Systems, to implement the restructuring of its financial operations. Before his tenure at Tyco, Lopez was the CEO of Americas Ventures/New Idea Center, a venture capital consulting firm.
Lopez has extensive global experience from 16 years with IBM Corporation in various business units, while stationed in the United States, Europe, and Latin America. He held various positions of increasing responsibility in strategy and finance, including Director of Business Development, CFO of IBM Brazil, CFO IBM Personal Computer Latin America, and Manager of Europe PC Pricing. He started his career as an auditor and consultant with KPMG.
Lopez holds a bachelor’s degree from Georgetown University and an MBA from the University of Chicago. He is a licensed CPA in the State of Florida.
About the Aricent Group
The Aricent Group is a global innovation and technology services company that helps clients imagine, commercialize, and evolve products and services for the connected world. Bringing together the communications technology expertise of Aricent with the creative vision and user experience prowess of frog, the Aricent Group provides a unique portfolio of innovation capabilities that seamlessly combines consumer insights, strategy, design, software engineering, and systems integration. The client base includes communications service providers, equipment manufacturers, independent software vendors, device makers, and many other Fortune 500 brands. The company’s investors are Kohlberg Kravis Roberts & Co., Sequoia Capital, The Family Office, Delta Partners, and The Canada Pension Plan Investment Board.
For more information, please visit http://www.aricent.com
Follow the Aricent Group on Twitter @ http://twitter.com/aricent
Assistant Vice President, Corporate Marketing
Tel: +1 415 489 3073