Comverse begins search for new CEO

Comverse Technology Inc. said CEO Zeev Bregman will leave the company at the end of March.
Yaron Tchwella, president of Comverse Inc.’s InSight Open Services Environment Group, has been named president and will lead Comverse after Bregman leaves the company. Comverse said it will begin searching for a new CEO.
The split appeared amicable based on the company’s press release announcing the move. Bregman said he was leaving the company to “explore other opportunities, as well as to spend more time with my family.”
Bregman presided over Comverse during the company’s recent stock-option grant troubles. Indeed, Comverse founder and former chairman Jacob “Kobi” Alexander, who is suspected of benefiting from backdated grants, was a fugitive from justice until his September arrest in Namibia.