Former Nokia exec named Polycom CEO
Polycom names Mary McDowell as its new CEO, succeeding Peter Leav, “effective and contingent on the closing of the merger of Polycom with an affiliate of Siris Capital”
Leav, who has been CEO since December 2013, will stay in the post and hold his board member place of Polycom until the transaction is closed, which is expected to be completed either this month or in October, subject to regulatory approvals and closing conditions. He has chosen to leave Polycom to pursue other opportunities.
“Polycom is a powerful global brand and is strongly positioned to help organisations of all sizes raise the bar on collaboration to drive higher levels of productivity and deepen employee engagement,” said McDowell.
“I’m looking forward to working closely with the Polycom team to build on the history of innovation and strong track record of creating best-in-class products and services that meet the needs of more than 400,000 companies, institutions, and channel partners, as well as deepening partnerships to enable the evolving Unified Communications ecosystem.”
McDowell, who has led global multi-billion dollar businesses in the mobile, consumer and enterprise sectors, is currently an executive partner at Siris Capital. Prior to that, she was the EVP, mobile phones at Nokia, where she held global P&L responsibility for the feature phone business and associated software and digital services. McDowell has also held senior positions at Compaq Computer and Hewlett Packard.
Frank Baker, co-founder and managing partner at Siris Capital, added: “Mary has a unique combination of technology and management experience leading multi-billion-dollar consumer and enterprise technology businesses in mobile, telecom, and enterprise sectors that make her a great fit for this role. Her track record in architecting winning volume product portfolios is exceptional and will be an excellent fit with leading the Polycom team.” GTB