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NETGEAR® Announces Appointment of New Board Director
Aug 09, 2011 (04:08 PM EDT)
SAN JOSE, Calif., Aug. 9, 2011 /PRNewswire/ -- NETGEAR, Inc. (NASDAQ: NTGR), a global networking company that delivers innovative products to consumers, businesses and service providers, today announced the appointment of Barbara V. Scherer to its Board of Directors effective as of August 7, 2011. Ms. Scherer brings over 25 years of broad business experience, including more than 20 years in the electronics and technology industry. She fills a vacant seat on NETGEAR's Board and has been appointed as a member of the Audit Committee of the Board as well. Ms. Scherer will stand for election at the Company's next annual stockholder meeting to be held in 2012.
Patrick Lo, Chairman and CEO of NETGEAR, commented, "We are extremely pleased to welcome Barbara to the NETGEAR Board of Directors. She has extensive experience working with public technology companies, including in her current position as Senior Vice President and Chief Financial Officer of Plantronics, Inc., as well as prior membership on the board of Keithley Instruments. We are excited about the wealth of financial, functional and operational experience she brings to the table and are confident that Barbara will be an immediate, valuable and contributing member of our Board."
Ms. Scherer is SVP, Finance & Administration and Chief Financial Officer of Plantronics, Inc. (NYSE: PLT). Plantronics is a global leader in audio communication devices for businesses and consumers. As CFO, Ms. Scherer is responsible for all aspects of the company's financial management, as well as information technology, legal and investor relations. During her tenure, Plantronics has more than tripled its revenue and increased its share price five-fold by developing high value-add products for growth markets such as wireless and unified communications.
Prior to joining Plantronics in 1997, Ms. Scherer held various executive management positions spanning eleven years in the disk drive industry, was an associate with The Boston Consulting Group, and was a member of the corporate finance team at ARCO in Los Angeles. Ms. Scherer served as a director of Keithley Instruments, a publicly traded test and measurement company, from September 2004 to December 2010, when Keithley was acquired by Danaher Corporation. Ms. Scherer also has experience serving on the boards of non-profit organizations. Ms. Scherer received B.A. degrees from the University of California at Santa Barbara and her M.B.A. from the School of Management at Yale University.
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