Casa Systems, Inc. announced that Lucy Xie, a co-founder and current Senior Vice President of Operations, will retire from her operational role effective December 31, 2022, to attend to family parental issues. Lucy was the founding Chief Financial Officer and a founding Board Member when Casa Systems started 19 years ago and has been critical to the Company's success to date. She built the finance team from the ground up and went on to oversee worldwide operations of the Company starting in 2010.

Lucy was instrumental in building the team at Casa Systems, and she also spearheaded the expansion of the Company internationally, with the addition of significant subsidiaries in Ireland, Spain and China. Ms. Xie will continue to serve as a member of Board of Directors of the Company through the remainder of her current term, which will end on the date of the Company's Annual Meeting of Stockholders in 2023. Ms. Xie does not intend to stand for re-election as a director.

Ms. Xie's current duties will be distributed among existing executives while the Company completes the succession plan for her role in the coming months.