Extreme Networks has replaced its CEO again.
Charles W. Berger is the beleaguered company's new president and CEO, effective today, following today's resignation of CEO Oscar Rodriguez. Rodriguez also resigned from the Extreme board.
Charles W. Berger, president and CEO, Extreme Networks
"We appreciate Oscar's contributions over his past three years of service to Extreme Networks and in particular his technical and sales efforts," said Ed Meyercord, chairman of the Extreme board of directors, in a statement. "Oscar helped build a talented team and a foundation for future growth. We thank him and wish him the best in his future endeavors."
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Berger had been CEO of software analytics company ParAccel, which was sold today to Actian, another business analytics and big data company. Berger has 30 years of experience in technology, including CEO tenures at DVDPlay, Nuance Communications, Vicinity Corporation, AdForce and Radius. He has also held executive positions in sales, marketing and finance at Apple and Sun Microsystems.
Berger also currently serves as a director of Official Payments Holdings Inc. and a trustee of Bucknell University. He received his Bachelor of Science in business administration from Bucknell University and his MBA from the University of Santa Clara.
"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," Meyercord 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."
Rodriguez was named Extreme CEO in 2010, replacing CFO and acting President and CEO Bob Corey. Corey replaced former CEO Mark Canepa in 2009, and Canepa replaced the company's first chief executive, co-founder Gordon Stitt, in 2006.
Extreme's market share in Ethernet switching has languished below 1.5% for the past several years. The company has undergone at least three double-digit percentage workforce reductions in less than four years, and its market cap, at $289 million, is less than its annual revenue of $301 million.