Extreme Networks CEO axed in reshuffle
Middle East boss reassures partners and customers that regional operations will not be affected
Ethernet specialists Extreme Networks have now completed their internal restructuring plan that's seen its CEO Mark Canepa resign and its global workforce reduced by 9%.
Headquartered in the United States, the company provides converged Ethernet networks that support data, voice and video, and operates out of more than 50 countries, including the United Arab Emirates.
Almost 70 employees have lost their jobs as part of the internal shuffle which Extreme believes will help lower operating expenses by an estimated $2.5 million each quarter.
While Canepa has already resigned as CEO and company director to pursue other opportunities, he will remain with Extreme for an additional period of time to ensure a smooth transition of power. Bob L. Corey is now acting CEO of the company but the search is on for someone to take on that role on a permanent basis.
Regional director Aziz Ala'ali has gone on record to reassure local partners and customers that Middle East operations have not been directly impacted by the US-led plan.
"The Extreme Networks Management and Board has completed the streamlining of its operations, which has resulted in a consolidation of several departments in the US branch. Extreme Networks had previously restructured its sales division and is experiencing a steady growth. The current restructuring does not impact the sales side of the business and so the Middle East team's regional operations will not be effected", Ala'ali said.