Terayon Announces Resignation of CEO

Company co-founder Dr. Zaki Rakib will step down as CEO of Terayon Communication Systems to spend more time with his family. A search for a new CEO is underway. Upon effectiveness of his resignation, Dr. Rakib will be appointed Chairman of the Board, replacing Shlomo Rakib in that capacity. Company co-founder Shlomo Rakib, currently Chairman, President and Chief Technology Officer, will remain President and CTO, and will continue to serve as a member of the Board after relinquishing his role as Chairman. http://www.terayon.com