Extreme Networks has named Oscar Rodriguez, a 20-year industry veteran, as its new president and CEO. Rodriguez replaces CFO and acting President and CEO Bob Corey, who will continue as CFO.
Rodriguez will take the Ethernet switch company reins on August 23. Extreme replaced President and CEO Mark Canepa with Corey last fall and laid off 10% of its workforce after coming up 18% short on its first quarter revenue targets.
Rodriguez is currently CEO of Movius Interactive, a privately held developer of messaging, collaboration and mobile media products for service providers. Rodriguez was appointed Movius CEO in 2007.
Before joining Movius, Rodriguez was chief marketing officer for Alcatel-Lucent's Enterprise Business Group. He also served as president and CEO of Riverstone Networks, a maker of Ethernet routers that was acquired by Lucent Technologies in 2006.
Rodriguez was also president of Nortel Networks' Enterprise Solutions division and Intelligent Internet division. "We need someone with his background and relationships to help us explore new avenues to accelerate growth for Extreme Networks," said Gordon Stitt, Extreme chairman, in a statement.
Extreme just reported fourth quarter results in-line with Wall Street expectations: revenue of $85.5 million and earnings of $6.3 million. Extreme had a 1.5% share of the $16 billion Ethernet switch market in 2009 according to Dell'Oro Group, placing it about sixth behind Cisco, HP/3Com, Brocade, Avaya and Huawei.
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