Concurrent announced that Derek Elder will take over as the company’s CEO on Friday, replacing Dan Mondor.
Elder, a former Arris executive, will also join Concurrent’s board of directors. Mondor had served as Concurrent’s CEO since April 2008.
“We are pleased to welcome Derek to Concurrent,” said Steve Nussrallah, Concurrent’s chairman of the board. “He brings a wealth of industry experience as well as tremendous leadership experience to the role and we look forward to his focus on accelerating growth in our businesses.
“We thank Dan Mondor for his contributions over the past six years, including the introduction of new multi-screen software solutions, expanding Concurrent’s customer base, and achieving profitability over the last eleven consecutive quarters.”
During his 10 years at Arris, Elder held several executive roles, most recently serving as senior vice president and general manager of the DOCSIS and multiservice gateway unit at Arris. He also held sales, product management and marketing positions at Arris. Prior to Arris, Elder’s career included stops at Tropic Networks, Cisco Systems and Narad Networks.
“I am honored to join Concurrent as CEO,” Elder said. “I am looking forward to helping drive profitable growth, breakthrough innovation, and solutions that help our customers achieve competitive advantage.”
Elder received a Bachelor of Science degree from the University of Maryland University College and a Master of Business Administration from The Pennsylvania State University.
