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Industry Veteran Mike Berry Nominated to Join Calix Board of Directors

1. Mike Berry, ex-CFO of NetApp, nominated to Calix's board. 2. Berry's expertise is expected to enhance Calix's broadband innovations.

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FAQ

Why Bullish?

The nomination of a finance veteran often signals stability and potential for enhanced strategic direction. Historical examples show that notable board appointments have positively influenced stock performance.

How important is it?

The addition of a seasoned executive to leadership is typically beneficial for investor confidence and operational effectiveness, thus impacting CALX positively.

Why Long Term?

While immediate impact may be limited, long-term strategic guidance and governance improvements can enhance company value over time, as seen in analogous tech companies improving after new leadership appointments.

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NTAPAVGOCSCO
SAN JOSE, Calif.--(BUSINESS WIRE)--Calix, Inc. (NYSE: CALX) today announced that Mike Berry, most-recently CFO of NetApp, has been nominated to its board of directors. Highly regarded as an industry finance veteran, Berry is able to provide valuable counsel as Calix continues transforming the broadband industry with its award-winning innovation portfolio. With the anticipated addition of Berry to its board, Calix will continue its mission of helping broadband experience providers (BXPs) of any.

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