Extreme Looks for Calm After Turbulent Times
With the new executive leadership in place, the work now turns to developing a strategic plan that will be released within the next 30 days.Less than two weeks after announcing disappointing financial results, Extreme Networks President and CEO Chuck Berger resigned. He was replaced by board Chairman Ed Meyercord who has been a company board member for five years. Meyercord made several changes to the company’s leadership team and expanded CTO Eric Broockman’s role to executive vice president of engineering. Meyercord also named Bob Gault executive vice president of worldwide sales, channel and services. Eileen Brooker was named executive vice president of global alliances and strategic accounts, and Norman Rice was appointed to the role of executive vice president of global marketing and corporate development. "They will be instrumental in driving a customer-focused culture at Extreme Networks and will bring a clear vision of how to align our product development investments with customer needs," Meyercord said in a statement.
Throughout the executive upheaval, Meyercord and other officials were quiet about what drove the need for the changes or about plans going forward. During a May 6 conference call with analysts and journalists about the company's quarterly earnings, the CEO said several times that the industry would know more when he and other executives release details of a strategic plan within the next 30 days.