MRCIY Marconi (MM)

Former Marconi VP of business operations elevated to CEO of North America; current CEO assumes regional Chairman role PITTSBURGH, Aug. 3 /PRNewswire-FirstCall/ -- Marconi Corporation plc (NASDAQ:MRCIY) (LONDON: MONI) today announced that it has appointed Joseph Ferrara as Chief Executive Officer of its North American organization with immediate effect. Ferrara, who will also serve as a member of the Marconi Executive Committee, succeeds Geoffrey Doy, who will remain with Marconi as Chairman of its North America division. Ferrara was named CEO after successful tenures as vice president of business operations and vice president of marketing for Marconi's Data Networks group, where he spearheaded improvements to supply-and-demand forecasting models and helped grow the breadth of the company's North American product offering in response to customer requirements. Ferrara will manage both the Data Networks group, headquartered in Pittsburgh, PA, and the Wireless group, based in Dallas, TX. The Data Networks group counts the U.S. Federal Government as its largest customer, and the Wireless group provides radio frequency software and services to more than 200 customers globally. Prior to joining Marconi in 2000, Ferrara held senior- level positions in marketing and operations at Startec Global Communications and MCI. "We are delighted to have Joe take the helm of our North American organization," said Marconi Chief Executive Mike Parton. "His considerable experience with Marconi and the telecommunications industry will be invaluable as we continue to drive our strong technology and services offerings within the region." "I am extremely pleased to lead the organization at this exciting time in its history," said Ferrara. "With our recently introduced IP routing platform, our strong wireless solutions and our mutual distribution agreement with Huawei, Marconi is well positioned in this important region." About Marconi Corporation plc Marconi Corporation plc is a global telecommunications equipment, services and solutions company. The company's core business is the provision of innovative and reliable optical networks, broadband routing and switching, broadband access technologies and services. The company's customer base includes many of the world's largest telecommunications operators. The company is listed on the London Stock Exchange under the symbol MONI and on NASDAQ under the ticker MRCIY. Additional information about Marconi Corporation can be found at http://www.marconi.com/. All brands or product names are trademarks of their respective holders. This press release contains forward-looking statements with respect to products, partners, customers, future growth and other matters. Please refer to the Form 10-K report filed by Marconi Corporation plc with the United States Securities and Exchange Commission for a discussion of risks that could cause actual results to differ materially from such statements. Press and Industry Analyst inquiries: Colleen Rosander tel: 724-742-7794; email: Investor inquiries: Karen Keyes tel: +44 207 306 1345; email: DATASOURCE: Marconi Corporation plc CONTACT: Media, Colleen Rosander, +1-724-742-7794, or , or Investors, Karen Keyes +44-207-306-1345, or , both of Marconi Corporation plc Web site: http://www.marconi.com/

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