Terayon President/CTO Rakib Steps Down

Terayon Communication Systems Inc. president and chief technical officer Shlomo Rakib announced his resignation effective Friday.

Former CEO Zaki Rakib announced his resignation in late May, remaining as chairman.

Shlomo Rakib will remain on the broadband-access-product vendor’s board of directors.

"For the past 10 years, my entrepreneurial energy and drive have been focused exclusively on developing Terayon as a leading provider of innovative broadband solutions and best-of-breed products," Shlomo Rakib said in a prepared statement.

"Therefore, the timing is now right for me to turn my attention to my family and the next phase of my life,” he added. “This move allows me to do that, while maintaining involvement with the company I love."

CEO Jerry Chase added, “Shlomo is a keystone in the success and reputation of Terayon as a broadband innovator, and he has been instrumental in the advancement and growth of the cable industry. In addition to his ongoing involvement with Terayon at the board level, we are thrilled that Shlomo will also continue to assist us with key customer relations, industry forums and company initiatives, as needed.”