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|Extreme Networks Names Drew Davies as Chief Financial Officer|
|Posted: Tue May 17, 2016 10:23:46 AM|
Davies Brings Extensive Experience in Finance, Operations, M&A and Driving Company Profitability as Extreme Continues to Execute on Its Growth Plan
SAN JOSE, Calif., May 17, 2016 /PRNewswire/ -- Extreme Networks, Inc. (Nasdaq: EXTR), a software-driven networking company, today announced the appointment of Drew Davies as Executive Vice President and Chief Financial Officer effective June 1st. Mr. Ken Arola, Extreme's current Executive Vice President and Chief Financial Officer, will work with Mr. Davies to ensure a seamless transition of his responsibilities and assist with ultimate shift of the role from San Jose, California to Raleigh, North Carolina where Extreme's finance and IT teams are based.
"We are excited to have Drew joining our team," stated Ed Meyercord, President and CEO of Extreme Networks. "His strong industry knowledge and breadth of financial and information technology experience make him a natural fit to take Extreme to the next level. As we continue to market innovative technology solutions through our vertical enterprise go-to-market strategy, Drew will provide the leadership and support to drive improved financial performance.
"During his tenure as CFO, Ken was instrumental in implementing our turnaround, enabling Extreme to achieve growth and profitability while strengthening the balance sheet. On behalf of the Board and management team, I sincerely thank him for his professionalism, service and commitment," added Meyercord.
"I'm excited to join Extreme Networks at a time when the Company is pivoting to growth," said Davies. "Extreme's complete end-to-end product line, quality customer relationships and solid financial position attracted me to this position. I look forward to working with Ed Meyercord and the rest of the leadership team to execute our long term strategic plan."
Mr. Davies brings more than 26 years of finance, accounting and IT experience to Extreme Networks. He most recently served as Vice President, Corporate Controller at Marvell Semiconductor Inc. and previously served in senior level financial positions at several leading semiconductor companies, including Senior Vice President, Corporate Controller at Cypress Semiconductor Corporation and Spansion Inc. He holds a Master of Business Administration from Santa Clara University and a Bachelor of Science, Business Accounting degree from the University of Idaho.