Plano, Texas, USA, Jan. 4, 2021 – DZS (NASDAQ: DZSI), a global leader of mobile, fixed broadband and enterprise access networking solutions representing 1,000+ communications service providers and enterprise customers, today announced the appointment of two new members to its Board of Directors: Matt Bross, a technology veteran known for his leadership at Huawei Technologies and British Telecom, and Barbara Carbone, known for her work transforming businesses as a partner at KPMG.

“We are thrilled to welcome Matt and Barbara to the DZS Board of Directors, both of whom bring a wealth of knowledge and experience to DZS especially at a time when we are laser focused on innovation and growth spanning 5G, Broadband Access, Smart Homes and Fiber-based Enterprise Solutions,” said Charlie Vogt, President and CEO of DZS. “Matt is a technology pioneer and industry luminary with trusted relationships around the world. As DZS executes its ambitious growth playbook, Barbara’s experience leading companies through transformational growth will be invaluable.”

Mr. Bross is a global telecom and technology pioneer, having previously served as CEO of BT Innovate, Global CTO of Huawei Technologies, and CTO of Williams Communications (Lumen). Today, he serves on the boards of Axellio Inc. and Rift.io, leading-edge companies in edge computing, cyber security and virtualization, and is the Chairman of the Global Information Infrastructure Commission (GIIC). Mr. Bross has previously served on the board of Sonus Networks (Ribbon Communications), the East West Institute, the Alliance for Telecommunications Industry Solutions (ATIS), and CTIA, the trade association representing the U.S. wireless communications industry. He is a Cambridge University Pembroke College, William Pitt Fellow, and a global advisor regarding 5G, IOT, Blockchain, AI, and Virtualization. Mr. Bross is also a Member of IEEE Future Technology Committee and he formerly led the World Economic Forum “Technology Pioneer Program.”

“Charlie is extraordinary – a visionary leader who has been innovating and partnering with telecom and media communications providers his entire career,” said Mr. Bross. “I am pleased to be working with Charlie and the entire Board of Directors especially at a time when DZS is poised to capture market share across a rapidly changing environment brimming with opportunities. As a strategic technology alliance partner to some of the world’s largest and most admired communication service providers spanning Japan, Korea, Vietnam, Thailand, Taiwan, and the Middle East, DZS under Charlie’s leadership is well-positioned to accelerate its expansion into North America, Latin America, and Europe.”

Ms. Carbone is a recognized business leader and audit partner with deep expertise across the software, media, consumer products, manufacturing and financial spaces. For nearly 40 years, she served as an innovative business transformation leader and partner at KPMG, advising its wide array of multinational Fortune 1000 companies. Ms. Carbone’s experience transforming businesses through mergers and acquisitions, workforce management, divestitures, spinoffs, IPOs, and navigation of public and private markets has given her a diverse and valuable perspective.

She is currently a board member at TrueCar, Inc. and Side by Side Services. She is also a Board of Trustee member of Exploratorium.

“Charlie and I share a love for transformation, and he is one of the best at building and leading organizations through high growth in challenging and competitive environments and guiding industries through generational change,” said Ms. Carbone. “As he makes big moves that position DZS for the future, I look forward to sharing my experiences of supporting global companies’ rapid growth and empowering success on behalf of stakeholders.”

Bross and Carbone will be replacing Rolf Unterberger and Seong Gyun Kim on the board, who have served as directors since 2018 and 2016 respectively.

“We want to thank Rolf and Seong Gyun for their significant contributions to our Board,” said Min- Woo Nam, Chairman of the Board. “Both have been committed and dedicated leaders who cared about the success of DZS and supported the company’s growth on behalf of our employees, customers and shareholders.”