MRV Appoints New CEO

MRV appointed Mark J. Bonney, 60, as President and Chief Executive Officer, replacing David Stehlin, who resigned as an officer and director of MRV to pursue other interests.

Bonney has been a member of the MRV Board of Directors since April 2013 and served as Executive Vice President and CFO from August 2014 until December 2014. From January 2013 through August 2014, he served as the President and CEO of On Board Advisors, LLC, a strategic and financial advisory firm.

MRV also promoted Stephen Krulik, 42, who has served as Vice President of Finance since May 5, 2014 to Chief Financial Officer. These appointments were unanimously approved by the independent members of the Company’s Board of Directors.

Mr. Bonney commented, “Since taking on the role of CFO four months ago I have become increasingly confident in our people, our technology and our product and service offerings of both our Network Integration and Network Equipment businesses. I am excited to expand my role and work more closely with an excellent management team as we drive the MRV strategy forward.”

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