, a leader in high performance networking, today announced that it has appointed Board Chairman Ed Meyercord as its President and Chief Executive Officer effective April 19, 2015. Mr. Meyercord will be replacing Chuck Berger, who has resigned from his position and from the Board of Directors of Extreme Networks effective April 19, 2015.
“Mr. Berger has played a critical role at an important time in Extreme Networks’ history. Among his many contributions, he was instrumental in completing the Enterasys acquisition and recruited a world-class executive leadership team,” said Mr. John Shoemaker, Chairman of the Corporate Governance and Nominations Committee of the Board. “The Extreme Networks board is grateful for all that Chuck has accomplished over the past two years and wishes him well in his future endeavors.”
Having served on the Extreme Networks’ board for over five years as an independent director, Mr. Meyercord brings a deep knowledge of the company and commitment to Extreme customers and employees. “I am extremely excited about the opportunities for the Company and believe that the quality of Extreme’s highly talented team, impressive technology and large base of loyal customers can generate future growth and profitability,” stated Meyercord.
Mr. Meyercord has a successful track record of driving customer focused cultures and taking market share from large incumbents in highly competitive industries. He will remain active supporting the leadership team at Critical Alert Systems, a high growth healthcare IT company, where he is a significant investor.
As a reminder, Extreme will release and discuss its final results for the third quarter ending March 31, 2015 and guidance for the fourth quarter, on May 6, 2015, in a press release followed by conference call at 5:00 p.m. ET. The toll-free dial in phone number is 877-303-9826 and the dial in number from an international location is 224-357-2194; the call ID is 20788580. A live webcast of the earnings conference call will be made available after the conference call on the Extreme Investor Relations website at http://investor.extremenetworks.com/. The conference call and webcast will include forward-looking information.
Extreme Networks remains committed to the separation of the Chair of the Board and CEO roles at the Company and believes that such separation increases the board’s independence from management and thus leads to better monitoring and oversight. Accordingly, the Board will seek to name a new Chair in due course.
