Extreme Networks CEO Chuck Berger resigned abruptly this week, two years after he took over leadership of the company and helped engineer the acquisition of rival Enterasys. Berger was replaced by Extreme Chairman Ed Meyercord.
Berger resigned Sunday, April 19, from his position and from the Extreme board and was immediately replaced by Meyercord. Extreme announced Meyercord’s appointment Tuesday, April 21:
"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."
Meyercord served on the Extreme board for over five years as an independent director. He also bid adieu to Berger’s predecessor, Oscar Rodriguez, two years ago. Extreme is now on its sixth CEO in nine years.
Meyercord is a “significant” investor in Critical Alert Systems, a “high growth” healthcare IT company, Extreme says. The company says he is successful in driving “customer focused cultures and taking market share from large incumbents in highly competitive industries.”
Extreme said it remains committed to the separation of the chairman of the board and CEO roles at the company, believing that such separation “increases the board's independence from management and thus leads to better monitoring and oversight.” So the board is seeking a new chair.
The company will announce third quarter results on May 6. It warned back in April that Q3 revenue would be light by about $20 million to $22 million.
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