3Com Announces Marlborough Massachusetts Facility as Primary Work Location for Executive Team.Business Editors/High-Tech Writers SANTA CLARA Santa Clara, city, Cuba Santa Clara (sän`tä klä`rä), city (1994 est. pop. 217,000), capital of Villa Clara prov., central Cuba. , Calif.--(BUSINESS WIRE)--May 5, 2003 Unites Senior Executive Team, Brings Executives Closer to 3Com's Enterprise Networking The networking infrastructure in a large enterprise with multiple computer systems and networks of different types is extraordinarily complex. Due to the myriad of interfaces that are required, much of what goes on has little to do with the real data processing of the payroll and orders. Business Opportunities and Industry Constituencies 3Com Corporation (Nasdaq:COMS COMS 3Com Corporation (stock symbol) COMS Certified Orientation and Mobility Specialist COMS Continuous Opacity Monitoring Systems COMS City of Manchester Stadium (UK) ) today announced that its president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Bruce Claflin, and the senior 3Com executive team will relocate from locations in California and Illinois to its Marlborough, Massachusetts facility. Currently, Marlborough, Massachusetts is a principal location for 3Com's enterprise networking business, which will become 3Com's primary focus after disposition of its CommWorks business. The disposition of CommWorks is scheduled to be completed in the next 30-60 days. "One of our goals is to unify 3Com's management team into one location. Because Marlborough will be the operational center of 3Com after the sale of CommWorks, it made sense that we consolidate here. This centralization will be instrumental to increasing efficiency in the day-to-day business decisions and processes that require cross-functional integration," said Bruce Claflin, president and CEO, 3Com. "In addition, two-thirds of 3Com's U.S. opportunity is on the east coast and approximately half our sales are in Europe, meaning the majority of our customers and partners are more accessible from Marlborough than Santa Clara. Most of the major financial institutions that represent our investor base are also on the east coast," continued Claflin. 3Com will retain its presence in Santa Clara, California Santa Clara, California (IPA: /ˌsæntəˈklærə/) , founded in 1777 and incorporated in 1852, is a city in Santa Clara County, in the U.S. state of California. . Bruce Claflin, president and CEO, Mark Slaven, EVP EVP Executive Vice President EVP EGR (Exhaust Gas Recirculation) Valve Position Sensor EVP Electronic Voice Phenomenon EVP Europäische Volkspartei (Germany) EVP Employee Value Proposition and CFO See Chief Financial Officer. , Dennis Connors, EVP Operations and the to-be-hired EVP Sales will be making Marlborough, Massachusetts their primary work location. Anik Bose, VP Business Development who also reports directly to Bruce Claflin will remain at 3Com's Santa Clara, California campus. Gwen McDonald, SVP SVP S'il Vous Plaît (French: Please) SVP Senior Vice President SVP Schweizerische Volkspartei (Swiss People~s Party) SVP Society of Vertebrate Paleontology SVP Social Venture Partners SVP St Vincent de Paul Corporate Services, Mark Michael, SVP Legal, General Counsel and Secretary, and Jeanne Cox, VP, Corporate Branding and Communications will not transition to the Marlborough campus. 3Com has begun executive searches for these key positions and such recruitments are expected to take place by late summer or fall of 2003. The incumbent executives are expected to remain as executive officers of the company until their replacements have been hired and their duties have completely transitioned to the new executives. About 3Com Corporation 3Com is a tier-one provider of innovative, practical and high-value networking products for enterprises of all sizes and public sector organizations. 3Com is also a leader in providing Internet protocol (IP) service platforms and access infrastructure for network service providers. For further information, please visit www.3com.com, or the press site www.3com.com/pressbox. |
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