On January 8, 2024, DZS Inc. promoted Raghu Marthi from Chief Information Officer to Chief Operations Officer. As a result of this promotion, Mr. Marthi will oversee the Company?s sales pipeline, commercial bid desk, order management, master planning, manufacturing, and the underlying information technology systems that align with the Compan y?s quota to cash value chain. Raghu Marthi, age 50, joined DZS as Chief Information Officer in September 2021, bringing 25 years of experience in information technology to the Company through leadership of complex company-wide application development, data management, technology infrastructure, data center operations and telecommunication networks worldwide.

Prior to DZS, Mr. Marthi was Chief Information Officer at MediaKind from January 2019 to September 2021, where he was responsible for information technology and digital strategy spanning applications, data, cybersecurity and infrastructure. He has also held a variety of management and technical leadership positions at Ericsson, Hewlett Packard, PricewatershouseCoopers, HCL and Dresser Industries. Mr. Marthi holds a Bachelor?s degree in Mathematics and Physics from Nizam College, a Master's degree in Computer Science from Osmania University, and also earned his Master's degree in Business Administration from SC Johnson Graduate School of Management at Cornell University.

On January 19, 2024, Norman Foust departed from the Company, including his position as Senior Vice President of Global Supply Chain of the Company.