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3Com: Robert Mao
is CEO, Ronald Sege is COO
May 1, 2008
3Com
has appointed Robert Mao as the new Chief Executive Officer, replacing
Edgar Masri who is leaving the company. Mao will continue to serve on
the company’s Board of Directors. Furthermore, 3COM hired Ronald Sege as
President and Chief Operating Officer and appointed him to the Board of
Directors effective upon his joining the company on April 30, 2008.
“We wish to thank Edgar for his leadership and contributions to 3Com,”
said Chairman of 3Com’s Board of Directors, Eric Benhamou. “Edgar helped
the company through a challenging period and helped us make progress on
a number of fronts, including the successful acquisition of H3C and the
development of a differentiated technology strategy with Open Services
Networking, or OSN. We wish him well in his future endeavors.”
To support the company’s increasing emphasis on its growing and
profitable China-based H3C operations, Mao will be based in China. Sege
will be located in the United States and will focus on 3Com operations
outside of China, accelerating the adoption of H3C-developed products in
global markets and ensuring the company provides world-class service and
support to its customers and partners around the globe. Sege, who will
report to Mao, will also help drive the company’s continued focus on
overall profitability and seek to maximize the value of its TippingPoint
business as it continues on its path to greater operational autonomy.
“In addition to his 30 years in the global IT and telecommunications
industry, Bob’s bi-cultural background, extensive business experience in
Asia and fluency in Mandarin and English offer a rare set of skills that
can bridge Chinese and western organizations,” added Benhamou. “Bob
brings the company a set of skills that are uniquely fitted to 3Com’s
current business needs. Having him based out of China and having an
experienced leader of Ron's caliber based in the United States will
allow us to speed execution of our global business plan.”
Mao, 64, was most recently 3Com Executive Vice President, Corporate
Development from August 2006 to March 2007. Prior to joining 3Com, Mao
worked for Nortel Networks, where he was President and Chief Executive
Officer of the company’s greater China operations from 1997 to 2006.
Prior to his time at Nortel, he was Regional President of greater China
for Alcatel. Mao also held senior managerial and technical positions at
ITT in Asia and the United States. He holds a master’s degree in
material science and metallurgical engineering from Cornell University,
and has a master’s degree in management from the Massachusetts Institute
of Technology (MIT).
“I am extremely excited about this opportunity to help 3Com capitalize
on the tremendous potential it has to enhance its position as a global
networking leader,” said Mao. “I believe 3Com can leverage H3C as the
cornerstone of its future. In less than five years, H3C has built a
broad, world-class portfolio of networking, video and storage solutions
and gained market share leadership in China. Our objective now is to
combine the strength and momentum of H3C with 3Com’s global customer
base, well-recognized brand, service and support infrastructure and
proven distribution channel. By leveraging these strengths, we will
offer customers broad, high-quality, cost-effective solutions on a
worldwide basis – this is a compelling value proposition.”
Sege added, “Working with Bob, I plan to accelerate global market
penetration for our high-value networking, video and storage solutions,
as well as to continue to drive operational excellence throughout the
company. I was attracted to re-join 3Com in large part because of its
unique ability to offer customers and partners a differentiated
alternative for building future-proof, intelligent networks that deliver
real business value to an organization. We have tremendous opportunity
ahead of us.”
Before returning to 3Com, Sege, 51, most recently served as President
and Chief Executive Officer of Tropos Networks, Inc. a provider of
wireless broadband networks, from 2004 to 2008. He is currently on
Tropos’ Board of Advisors. Prior to Tropos, Sege was President and Chief
Executive Officer of Ellacoya Networks, Inc., a provider
of broadband service optimization solutions based on deep packet
inspection technology. During his career, Sege also served as Executive
Vice President of Lycos, Inc., the Internet search engine. He previously
spent nine years at 3Com Corporation, from 1989-1998, serving in a
variety of senior management roles including Executive Vice President,
Global Systems Business Unit. Sege holds an MBA from Harvard University
and a Bachelor's degree from Pomona College.
3Com’s Compensation Committee granted Sege options to purchase two
million shares of 3Com’s common stock, and one million shares of
restricted common stock, under NASDAQ’s "inducement" exception. Per
company policy, the exercise price of the stock options will be
determined at the close of business on the first Tuesday of the month
following the month in which Sege commences his employment with 3Com.
The options have a term of seven years, vest in equal annual
installments over four years, and were granted under a Stand Alone Stock
Option Agreement with Sege. The restricted stock vests in equal annual
installments over three years and were granted under a Stand Alone
Restricted Stock Agreement with Sege. |