27.01.2006 12:47:00
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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, wefound Scott extremely well-suited to lead 3Com into the future," saidEric Benhamou, Chairman of 3Com. "His ability to drive operations,grow revenue and increase profitability will be critical inaccelerating the execution of 3Com's strategy and creating shareholdervalue."
Prior to accepting the role of CEO for 3Com, Murray was the CEO ofModus Media International, a global provider of supply chainmanagement and hosted services. While at Modus, he built operationalexcellence and a strong focus on growth in revenue and new serviceofferings, which resulted in increased shareholder value andprofitability. He also expanded Modus' operations in Europe and Asia,particularly in China.
"3Com has a sound strategy and incredible assets, including itscore networking products; its industry leading security division,TippingPoint; and its joint venture with Huawei, all of which positionit to become a leading vendor of secure, converged networkingsolutions for enterprise customers worldwide," added Murray. "I amconfident that my global operations background and experience inturning around international technology companies will help 3Comcapitalize on its current momentum and continue our path toprofitability. I look forward to working with the management team togrow the 3Com business and make it a world class industry leader thatdelivers value to its employees, customers, partners and investors."
In addition to his work with Modus Media, Murray also waspresident and chief operating officer for Stream International, anoutsourced Customer Relationship Management (CRM) services company. Hepreviously served as Chief Financial Officer for the Learning Company,a publicly traded software company with more than $800 million inannual revenue. He graduated from the University of Western Ontarioand began his career as a chartered accountant for Arthur Andersen inCanada.
About 3Com Corporation
3Com Corporation (NASDAQ: COMS) is a leading provider of secure,converged voice and data networking solutions for enterprises of allsizes. 3Com offers a broad line of innovative products backed by worldclass sales, service and support, which excel at delivering businessvalue for its customers. Through its TippingPoint division, 3Com isthe leading provider of network-based intrusion prevention systemsthat deliver in-depth application protection, infrastructureprotection, and performance protection for corporate enterprises,government agencies, service providers and academic institutions. Forfurther information, please visit www.3com.com, or the press sitewww.3com.com/pressbox.
Copyright (C) 2006 3Com Corporation. 3Com, and the 3Com logo areregistered trademarks and TippingPoint is a trademark of 3ComCorporation. All other company and product names may be trademarks oftheir respective holders.
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