23.05.2008 20:50:00
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3Com Names Veteran Executives to Lead Human Resources and Global Supply Chain Operations
3Com Corporation (NASDAQ: COMS) today announced the appointment of two
new senior executives to help accelerate the company’s
global business plan. Eileen Nelson has been named Senior Vice
President, Human Resources and Tony Wang is the company’s
new Vice President, Worldwide Supply Chain.
Nelson, who reports to President and COO Ron Sege, is responsible for
3Com’s worldwide human resources organization.
She will work with the 3Com’s China-based
operations to drive consistency in the company’s
global HR programs.
"We are very fortunate to have Eileen join
3Com,” said Sege. "With
more than 25 years working in HR, she will be a tremendous asset in
instilling a one-company culture. One of Eileen’s
key areas of focus is to identify and recruit highly qualified people –
particularly in sales and service so we can accelerate our strategy of
building a growing and profitable global networking leader.”
Nelson comes to 3Com from Tropos Networks, where she had been Vice
President of Human Resources since 2005. Previously, she was Senior Vice
President of Human Resources for eBay. Earlier in her career Nelson held
increasingly senior HR positions for several leading technology
companies. She is based in the United States.
Tony Wang brings 30 years of networking industry supply chain experience
to 3Com. Based in Hangzhou, China, the center of 3Com’s
strong presence in the Asia-Pacific region, Wang reports to 3Com
Executive Vice President Dr. Shusheng Zheng.
Tony’s key focus is to integrate the company’s
two supply chains – one in China and one
U.S.-based – into a single, highly efficient
global organization to deliver enterprise products that lead the
industry in innovation, performance and value proposition. Establishing
a worldwide supply chain will help the company reduce costs and improve
operational efficiency.
Wang joins 3Com after 9 years with Nortel, where most recently he was
managing director of Guangdong Nortel, a joint venture between Nortel
and several Chinese networking companies. Wang managed the company’s
manufacturing operations. Previously, he spent more than 20 years with
networking company Alcatel in China and Taiwan, rising to General
Manager of Alcatel Business Systems.
Corporate Governance
3Com’s Compensation Committee granted Ms.
Nelson options to purchase 300,000 shares of 3Com’s
common stock, and 75,000 shares of restricted common stock, under NASDAQ’s
"inducement" exception. Per company policy, these grants are made, and
the exercise price of the stock options will be determined, on the first
Tuesday of the month following the month in which Ms. Nelson commences
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 Ms. Nelson. The restricted stock
vests in equal annual installments over three years and was granted
under Stand Alone Restricted Stock Agreement with Ms. Nelson.
Safe Harbor
This release contains forward-looking statements made pursuant to the
safe harbor provisions of the Private Securities Litigation Reform Act
of 1995, including forward-looking statements regarding executive
transition, growth goals and future strategies. These statements are
neither promises nor guarantees, but involve risks and uncertainties
that could cause actual results to differ materially from those set
forth in the forward-looking statements, including, without limitation,
risks relating to our ability to profitably grow the company and other
risks detailed in our filings with the SEC, including those discussed in
our quarterly report filed with the SEC on Form 10-Q for the quarter
ended February 29, 2008. 3Com Corporation does not intend, and disclaims
any obligation, to update any forward-looking information contained in
this release or with respect to the announcements described herein.
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. 3Com also includes H3C Technologies Co.,
Limited (H3C), a China-based provider of network infrastructure
products. H3C brings high-performance, cost-effective product
development and a strong footprint in one of the world’s
most dynamic markets. H3C holds the #1 market share position in China
for enterprise stackable switch ports and router units, according to
leading IT market research and advisory firm IDC. 3Com also is the clear
#2 vendor worldwide in total Ethernet switching port shipments,
enterprise router units, and small- and medium-business (SMB) switching.
Through its TippingPoint division, 3Com is a leading provider of
network-based intrusion prevention systems that deliver in-depth
application protection, infrastructure protection, and performance
protection. For further information, please visit www.3com.com,
or the press site www.3com.com/pressbox.
Copyright © 2008 3Com Corporation. 3Com, the
3Com logo and TippingPoint are registered trademarks and H3C is a
trademark of 3Com Corporation or its wholly owned subsidiaries. All
other company and product names may be trademarks of their respective
holders.
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