Extreme Networks Names a New CEO
Charles Berger, who replaces Oscar Rodriquez, is the former CEO of ParAccel, a software analytics vendor that was sold this month to Actian.Extreme Networks officials will announce the company's first-quarter financial numbers April 30, and on hand will be the company's new CEO. Charles Berger, the top executive of analytic database software startup ParAccel until its sale April 25 to Actian, is taking over the CEO and president slots at Extreme, which is trying to find its financial footing in the highly competitive enterprise networking industry. Berger is replacing Oscar Rodriguez, who spent almost three years as CEO. Rodriguez resigned April 25, the same day Berger was named to the position. "We are pleased to have Chuck as our leader to drive the continued development and delivery of Extreme Networks market leading technology for our customers and to focus the team on growing shareholder value," Ed Meyercord, chairman of Extreme's board of directors, said in a statement. "Our Board of Directors unanimously agreed that Chuck's track record of execution and his extensive contacts in the technology industry make him the right leader for Extreme Networks with the enormous amount of change going on in data networking today."
Berger comes to a company that competes with the likes of Cisco Systems, Hewlett-Packard and Juniper Networks, and in a networking market that is in a state of flux with new technologies such as software-defined networking (SDN) and network-function virtualization (NFV). Officials with the 15-year-old company say that Extreme has sold its Ethernet networking products to more than 6,000 customers in more than 50 countries. However, the vendor has had some difficult financial quarters, reporting Jan. 30 that during the last three months of 2012, the company saw revenues fall 9 percent, to $75.6 million, and lost $4.2 million.