Extreme Networks Welcomes Ken Arola as CFO, an Industry Veteran with a Record of Financial Success
SAN JOSE, Calif., June 2, 2014 /PRNewswire/ -- Extreme Networks, Inc. (NASDAQ: EXTR), a leader in high performance networking, announced that Ken Arola is on the job beginning today, following his recently announced appointment as senior vice president and CFO. With more than 30 years of finance experience, Arola has a proven history of driving ongoing financial momentum for high technology and medical device companies.
"We have been intensely focused on integration following the acquisition of Enterasys last September and our success is evident in bringing to market new and exciting switching products while expanding globally as a combined company," said Chuck Berger, president and CEO of Extreme Networks. "Ken will play a pivotal role in maintaining this momentum as we gear up for our next major integration milestone, combining our ERP onto a single platform. He will be a key driver in our ability to operate as a single company moving forward, not only from a financial standpoint but also in a business leadership role."
"I am thrilled to join Extreme Networks' executive leadership team today and look forward to enabling its continued growth," said Arola. "I was particularly drawn to Extreme due to its technological leadership across a breadth of products. I look forward to helping complete the work on the integration and shaping the company to drive shareholder value with the strong team already at Extreme."
Previously, Arola was CFO of Align Technology, where he contributed to the growth and success of the company, including record sales and earnings. He was recognized in 2012 as the "Bay Area CFO of the Year" by the San Francisco Business Times. Additionally, Arola was instrumental in the acquisition and integration of Caden Holdings, Inc. Prior to joining Align in 2005, Arola served as vice president of finance at Adaptec Inc. Arola holds an MBA degree from Santa Clara University and a Bachelor of Science from the University of the Pacific.
About Extreme Networks
Extreme Networks, Inc. (NASDAQ: EXTR) is setting a new standard for superior customer experience by delivering network-powered innovation and market leading service and support. The company delivers high-performance switching and routing products for data center and core-to-edge networks, wired/wireless LAN access, and unified network management and control. Our award-winning solutions include software-defined networking (SDN), cloud and high-density Wi-Fi, BYOD and enterprise mobility, identity access management and security. Extreme Networks is headquartered in San Jose, CA and has more than 12,000 customers in over 80 countries. For more information, visit the company's website at http://www.extremenetworks.com.
Extreme Networks and the Extreme Networks logo are either trademarks or registered trademarks of Extreme Networks, Inc. in the United States and/or other countries. All other names are the property of their respective owners.
Except for the historical information contained herein, the matters set forth in this press release, including without limitation statements as to the features, performance, and benefits of Extreme Networks products, are forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements speak only as of the date. Because such statements deal with future events, they are subject to risks and uncertainties, including network design and actual results of use of the product in different environments. We undertake no obligation to update the forward-looking information in this release. Other important factors that could cause actual results to differ materially are contained in the Company's 10-Qs and 10-Ks that are on file with the Securities and Exchange Commission. http://www.sec.gov.
SOURCE Extreme Networks, Inc.