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New CEO At 3Com
Updated:2008/5/12 15:40
Edgar Masri was removed as chief executive of Marlborough-based 3Com Inc. and immediately replaced by Robert Mao, a fluent Mandarin speaker who will be based in China, which the firm sees as its biggest market.
The management shuffle ! which comes a month after a proposed $2.2 billion buyout of 3Com was scuttled because of concern over a Chinese company¨s role ! also brings in Ronald Sege to the new position of chief operating officer and as president of the company, effective Wednesday. Eric Benhamou will remain chairman of 3Com¨s board, company spokesman Kevin Flanagan said. Stir It Up Mao, 64, who became 3Com¨s executive vice president for corporate development in August 2006, left seven months later, though he retained a spot on 3Com¨s board. ^It was a decision by the board of directors to make a change in the senior executive area, and essentially they decided to replace Edgar Masri with Bob Mao as our CEO, with Ronald Sege as our president and COO, ̄ Flanagan said. Mao, who has worked in China for Nortel Networks, will oversee 4,000 employees in China, a growing market for 3Com¨s switches, routers and other gear to help data networks run efficiently. Sege, 51, most recently president and CEO of Tropos Networks Inc., a wireless broadband network provider, will focus on 3Com¨s operations outside China. He¨ll work from company headquarters Marlborough. 3Com announced a proposal in September for Boston-based private equity firm Bain Capital Partners to lead a buyout of 3Com. The deal would have given Huawei Technologies of China a minority stake in 3Com ! a prospect that raised the ire of U.S. lawmakers. The controversy led to a collapse of the deal. Source:AP ,H3C - 3Com and Huawei? US? Probably not... (2009-6-9) ,3Com to lock horns with Cisco outside China (2009-6-5) ,3Com looks to emerging markets (2009-5-20) ,3Com looks to channel for H3C local launch (2009-5-14) ,3Com hopes to win enterprise networking customers with global H3C push (2009-5-13) ,3Com high-end switch: Alternative to Cisco (2009-4-21) |
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