Avaya unveils post-emergence board of directors
The current Board of Directors is expected to remain in place until the new Board assumes its responsibilities upon emergence from chapter 11.
As Avaya Holdings Corp prepares to emerge from the Chapter 11 Bankruptcy Protection as a public traded company, the unified communications vendor unveiled the members selected to serve on its Board of Directors.
Subject to confirmation and consummation of the Company's Second Amended Plan of Reorganisation, the post-emergence Board will consist of the following directors: Jim Chirico, Avaya's current president and CEO; Ronald A. Rittenmeyer, executive chairman and CEO, Tenet Healthcare; Stephan Scholl, president, Infor; Susan L. Spradley, partner, Tap Growth Group; Stanley J. Sutula III, executive vice president and CFO, Pitney Bowes; Scott D. Vogel, managing member, Vogel Partners LLC and William D. Watkins who was most recently chairman and CEO of Imergy Power Systems, a privately held energy storage solutions company.
Chirico said that: "These highly accomplished executives have knowledge and experience highly relevant to the markets in which we compete."
In addition, Chirico added that their strong and diverse mix of business skills and industry insights will help position Avaya for long-term success as a public company and grow shareholder value. "I look forward to drawing on their expertise upon emergence," he said.
According to Avaya, the current Board of Directors is expected to remain in place until the new Board assumes its responsibilities upon emergence from chapter 11. The company said a hearing to consider confirmation of Avaya's Second Amended Plan by the U.S. Bankruptcy Court for the Southern District of New York is scheduled to commence on November 28th, 2017.