Avaya changes CEO

Don Peterson looks to have paid the price for disappointing results at Avaya, with the networking solutions provider last week announcing it was replacing him as president and CEO as part of a management shakeup.

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By  Dylan Bowman Published  July 30, 2006

Don Peterson looks to have paid the price for disappointing results at Avaya, with the networking solutions provider last week announcing it was replacing him as president and CEO as part of a management shakeup. Louis D’Ambrosio, president of global sales and marketing, takes over from Peterson, who had been at the helm since Avaya was spun off from Lucent Technologies in 2000. Peterson will remain as chairman, but only until the end of September. Peterson’s departure was announced last week, at the same time as the firm reported a 77% slump in quarterly profits. For the three months ending June 30, profits were US$44million, compared to US$194million for the same period last year. Michael Thurk, Avaya’s president of global communications solutions, has being appointed the firm’s chief operating officer. “As seasoned Avaya executives with broad backgrounds in technology and communications, we believe Lou and Mike have the vision and drive to accelerate Avaya’s strategic transformation and deliver enhanced shareholder value,” said Philip Odeen, Avaya’s lead director. Peterson’s departure comes at a time when Avaya is struggling to keep costs down as it moves from selling hardware to becoming a software and services provider as part of its strategy to address a telecoms market that is moving towards internet protocol (IP) networks.

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