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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 ,3Com Drops Suit Against Bain Huawei (2008-6-2) ,3Com taps Nortel exec to run supply chain (2008-5-28) ,3Com Names Robert Mao as CEO (2008-5-4) ,China-based Mao named 3Com CEO (2008-4-30) ,3Com Tops Chinese Stackable Switch Port Market (2008-4-16) ,3Com 3Q loss widens on tax provision (2008-3-25) ,Bain abandons 3Com takeover (2008-3-25) ,3Com prepares for a legal battle (2008-3-24) ,3Com plans shareholder vote on takeover (2008-3-21) ,3Com Says It Still Has No New Deal (2008-3-20) |
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