UTStarcom Appoints Himanshu Shah As Chairman - Quick Facts

(RTTNews) - UTStarcom Holdings Corp. (UTSI), a global telecommunications infrastructure provider, announced that it has appointed Himanshu Shah as its chairman of Board of Directors, effective June 19, 2014.

Shah will replace Xiaoping Li in this role. Xiaoping Li has been chairman of the Board since August 2012 and a member of the Board since September 2010. He will continue to serve as a director going forward.

Shah joined the Board in November 2013. He is the founder and president of Shah Capital and has more than 23 years of experience in the global capital markets, which is expected to benefit of UTStarcom, its stakeholders and its investors.

Going forward, the Board will continue to consist of six directors, including four independent directors. The six directors consist of three U.S. citizens, one Canadian citizen, and two Chinese citizens.