May 21, 2010 (FinancialWire) — Sonus Networks, Inc. (NASDAQ: SONS) said that Richard Nottenburg plans to step down as president and chief executive officer and a director of the company by the end of March 2011. The company’s board will begin a search process to identify a new CEO.

Nottenburg will continue to serve as president, CEO and a director through March 31, 2011, and will assist the board in its search process.

The company today reconfirmed its full year 2010 outlook, as provided on February 25, 2010 and reaffirmed on May 4, 2010. Sonus continues to expect to achieve flat to low single digit percent revenue growth for the year and continues to see the opportunity to grow NBS product revenues faster than the market.

For 2010, gross margin is expected to be within the company's longer term target range of 58% to 62%, and total operating expenses are expected to be in the range of $142 to $146 million.

Massachusetts-based Sonus Networks is engaged in IP networking. The firm’s products include media and signaling gateways, policy/routing servers, session border controllers and subscriber feature servers.  

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