Ixia CEO Alston resigns over misstated academic credentials
Vic Alston has resigned as Ixia's president and CEO and as member of its board of directors after the company's audit committee determined that he misstated part his academic credentials, age and early employment history.
Alston (Source: Ixia)
While the committee found Alston did attend Stanford University, he incorrectly claimed to have received a B.S. and a M.S. in Computer Science. He was with Ixia, an IP network test equipment provider for over nine years.
Taking over as acting CEO will be Errol Ginsberg, Ixia's board chairman, founder and former CEO, and Alex Pepe, senior vice president, strategy, as chief operating officer.
A 25-year veteran of the technology industry, Pepe came to Ixia last June through its acquisition of Anue Systems where he was president and CEO.
Ixia's board said it will begin a search to find a permanent CEO.
The vendor also reaffirmed its Q3 2013 revenue guidance, saying it expects revenue to come in above the midpoint of its earlier stated guidance range of $112 million to $117 million. It will announce its Q3 results after the market closes on Tuesday, Oct. 29.
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