HUNTSVILLE — Adtran Holdings announced Chief Financial Officer Mike Foliano will retire after 39 years in the telecommunications industry – including 17 years at Adtran. His retirement, announced Wednesday, is effective June 28.
“I would like to express my deep gratitude for the dedication and commitment Mike has shown to Adtran over his entire tenure here,” said Tom Stanton, chairman and CEO. “We have greatly benefitted from his expertise, work ethic and professionalism. His contributions have left a lasting impact on our company, and I wish him all the best in his retirement.
Uli Dopfer has been named as his replacement, effective May 1.
“I am excited to welcome Uli to his new role as CFO,” Stanton said. “With his knowledge of our company and the work that we have done together over the last two years, I am confident that Uli is the right choice to take over as CFO and continue the company’s success.”
Dopfer brings with him 20 years of industry knowledge, having previously served as CFO of ADVA Optical Networking for the past eight years. Adtran Holdings, the parent company of Adtran, is the largest shareholder of ADVA, a European headquartered network innovator that empowers operators to deliver the cloud and mobile services that are vital to today’s society.
“I am honored to be named as CFO of Adtran Holdings and I am excited about the opportunity to work with such a talented team,” said Dopfer. “I look forward to building on the strong foundation that Mike has established and working with the team to achieve our goals.”
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