SUNNYVALE, CA, April 30, 2007 - ShoreTel, Inc., a leading provider of IP telephony solutions, today named Michael Healy as Chief Financial Officer (CFO), succeeding John Finegan, who has served as CFO since 2003. Healy will start with the company in mid May, and Finegan will transition his finance duties over the next several months. As ShoreTel's CFO, Healy will be responsible for accounting, external reporting, investor relations, tax compliance, legal and all other financial and treasury functions.
"Michael's financial, operational and administrative experience will be invaluable to ShoreTel as we grow from a privately held company to a public one, and I'm looking forward to him joining our strong management team. I'm extremely grateful for John's financial stewardship over the last several years. He provided the critical financial counsel and structure that was pivotal to our growth. I wish him the best in his future endeavors," said John W. Combs, chairman and CEO of ShoreTel.
Healy has more than 20 years of experience in high technology corporate finance positions, along with "Big 4" public accounting experience. During his career, Healy has led the financial oversight of an initial public offering and the purchase and financial integration of eight strategic company acquisitions. Before joining ShoreTel, he served as CFO for Genesis Microchip, Inc., a leading supplier of display image processors in both the flat-panel TV and LCD monitor markets. In his tenure with Genesis Microchip, he was responsible for finance, investor relations, corporate marketing, information technology, purchasing and facilities for the company. He also led the successful initial implementation of internal controls required under Sarbanes-Oxley 404, as well as the expansion of international operations throughout Asia. Prior to Genesis Microchip, he held several executive finance positions for Jamcracker, Exodus Communications and Apple Computer. Healy began his career as an auditor at Deloitte & Touche. Healy holds a B.S. in accounting from Santa Clara University and is a Certified Public Accountant. Healy is also a member of the American Institute of Certified Public Accountants and the California Society of Certified Public Accountants.
About ShoreTel, Inc.
ShoreTel is a leading provider of IP telephony solutions worldwide. ShoreTel voice systems provide enterprise customers with a number of key benefits, including ease of use, manageability and lower total cost of ownership than alternative solutions. ShoreTel's distributed software architecture and switched-based hardware platform extend enterprise-class voice services to every office and outpost, keeping employees fully connected wherever they go. Founded in 1996, ShoreTel has achieved broad industry recognition for its technology and high customer satisfaction. For the last three years, IT executives surveyed by Nemertes Research, an independent research firm, have rated ShoreTel highest in customer satisfaction among leading enterprise telecommunications systems providers. A select, worldwide group of channel partners provide service and support. ShoreTel is headquartered in Sunnyvale, California and has regional offices in the United Kingdom, Sydney, Australia and Munich, Germany. For more information, visit http://www.shoretel.com/ or call 1-877-80SHORE.