Extreme Networks (Nasdaq: EXTR) continues its executive team rebuilding process by naming Oscar Rodriguez as its CEO.
The former Alcatel-Lucent (NYSE: ALU) and Riverstone Networks alumn will officially take the reins at Extreme on August 23, while Bob L. Corey, Chief Financial Officer and currently acting President and CEO, will continue in his role as CFO.
Currently the CEO of Movius Interactive Corp., a provider of messaging and mobile media solutions, Rodriguez comes to Extreme with over 20 years of experience in sales, marketing and leadership roles with some of the worlds' premier voice, video, data and related telecommunications companies.
Rodriguez's appointment as the company's new CEO follows a reorganization that prompted Extreme to lay off 70 employees and its former CEO Mark Canepa to resign last October.
Prior to his current role at Movius, Rodriguez served as Chief Marketing Officer for Alcatel-Lucent's Enterprise business and earlier as the CEO and President of Riverstone Networks, a provider of carrier MPLS/VPLS/Ethernet solutions before it was sold to Lucent Technologies in 2006.
"In recent months, Extreme Networks has streamlined the organization and reignited the aggressive, competitive passion that made the Company a leader in its space," Rodriguez said in a release. "The company has a highly motivated executive team and its product line-up has never been stronger. I am eager to get to work and begin exploring new areas for growth."
In related news, Extreme reported its Q4 2010 fiscal year earnings on Monday. During the quarter, Extreme Networks reported $85.5 million in net revenue, a figure it says was in line with its revised guidance and above the $78.2 million in Q1 and $81.3 million in Q4 2009. Total North American revenue was $36.3 million, EMEA was $36.8 million, and revenue in APAC was $12.4 million.
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