SUNNYVALE, Calif., Feb. 16, 2011 – ShoreTel® (NASDAQ: SHOR), the leading provider of brilliantly simple IP phone systems with fully integrated unified communications, today announced that its board of directors named Eric Salzman a director, effective immediately, expanding the board to nine members. Salzman will also serve on the board’s nominating and governance committee. Salzman is a managing director at LAMCO LLC, the management company of the Lehman Brothers Bankruptcy Estate.
“As a representative of Lehman Brothers, ShoreTel’s largest shareholder, Eric Salzman brings the perspective of a major institutional shareholder to the boardroom,” said Gary Daichendt, chairman of ShoreTel’s board of directors. “Furthermore, Eric’s nearly 20-year career in finance provides valuable expertise to ShoreTel in the refinement and execution of its strategy.”
Salzman has managed a multi-billion dollar portfolio in Lehman Brothers’ Principal Investing and Private Equity Division since 2008. Prior to this, he held a variety of roles in investment management and investment banking, including managing director in the Global Trading Strategies division for Lehman Brothers, senior research analyst at Basso Capital Management and senior vice president in the Private Equity Division at Lehman Brothers. He is a graduate of the University of Michigan and Harvard Business School.
ShoreTel, Inc. (NASDAQ: SHOR) is the provider of brilliantly simple Unified Communication (UC) solutions based on its award-winning IP business phone system. We offer organizations of all sizes integrated, voice, video, data, and mobile communications on an open, distributed IP architecture that helps significantly reduce the complexity and costs typically associated with other solutions. The feature-rich ShoreTel UC system offers the lowest total cost of ownership (TCO) and the highest customer satisfaction in the industry, in part because it is easy to deploy, manage, scale and use. Increasingly, companies around the world are finding a competitive edge by replacing business-as-usual with new thinking, and choosing ShoreTel to handle their integrated business communication. ShoreTel is based in Sunnyvale, California, and has regional offices in Austin, Texas, United Kingdom, Sydney, Australia and Munich, Germany. For more information, visit www.shoretel.com.