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INRANGE Technologies today announced that it has promoted John Schwab to the position of Chief Financial Officer.
The company said Mr. Schwab has served as INRANGE's Corporate Controller since September 2000, managing the company's financial reporting and playing a key role in the integration of the three INRANGE acquisitions completed in 2001.
Mr. Schwab replaces Jay Zager, who is leaving INRANGE after serving as its Executive Vice President and CFO since May 2000.
Greg R. Grodhaus, INRANGE President and CEO stated, "I am delighted to have John Schwab as our new CFO. He has done a terrific job in the last twelve months in learning our business, improving our financial reporting and integrating our professional services' acquisitions. At the same time, I wish Jay Zager all the best. Jay not only helped INRANGE through the IPO and our first full year as a public company, he also significantly strengthened our finance organization."