3COM Appoints R. Scott Murray Chief Executive Officer; New Leader Brings Proven Track Record for Growing Revenue, Improving Profitability and Creating Shareholder Value.
"After meeting with a number of highly qualified candidates, we found Scott extremely well-suited to lead 3Com into the future," said Eric Benhamou, Chairman of 3Com. "His ability to drive operations, grow revenue and increase profitability will be critical in accelerating the execution of 3Com's strategy and creating shareholder value."
Prior to accepting the role of CEO for 3Com, Murray was the CEO of Modus Media International, a global provider of supply chain management and hosted services. While at Modus, he built operational excellence and a strong focus on growth in revenue and new service offerings, which resulted in increased shareholder value and profitability. He also expanded Modus' operations in Europe and Asia, particularly in China.
"3Com has a sound strategy and incredible assets, including its core networking products; its industry leading security division, TippingPoint; and its joint venture with Huawei, all of which position it to become a leading vendor of secure, converged networking solutions for enterprise customers worldwide," added Murray. "I am confident that my global operations background and experience in turning around international technology companies will help 3Com capitalize on its current momentum and continue our path to profitability. I look forward to working with the management team to grow the 3Com business and make it a world class industry leader that delivers value to its employees, customers, partners and investors."
In addition to his work with Modus Media, Murray also was president and chief operating officer for Stream International, an outsourced Customer Relationship Management (CRM) services company. He previously served as Chief Financial Officer for the Learning Company, a publicly traded software company with more than $800 million in annual revenue. He graduated from the University of Western Ontario and began his career as a chartered accountant for Arthur Andersen in Canada.
About 3Com Corporation
3Com Corporation (NASDAQ: COMS) is a leading provider of secure, converged voice and data networking solutions for enterprises of all sizes. 3Com offers a broad line of innovative products backed by world class sales, service and support, which excel at delivering business value for its customers. Through its TippingPoint division, 3Com is the leading provider of network-based intrusion prevention systems that deliver in-depth application protection, infrastructure protection, and performance protection for corporate enterprises, government agencies, service providers and academic institutions. For further information, please visit www.3com.com, or the press site www.3com.com/pressbox.
Copyright (C) 2006 3Com Corporation. 3Com, and the 3Com logo are registered trademarks and TippingPoint is a trademark of 3Com Corporation. All other company and product names may be trademarks of their respective holders.