In a move that marks its ambition to take its telecommunications business to the next level, Metaswitch Networks on Thursday announced the appointment of successful industry executive Kevin DeNuccio (News
) as CEO, and the promotion of current CEO John Lazar to chairman.
“As the economy eases out of recession, Metaswitch is poised to emerge as a significant player with global scope,” Lazar said, calling the transition a “tremendously exciting” prospect, as well as a challenge. “The board, including myself, unanimously agreed that Kevin’s extensive CEO experience, supported by my ongoing close involvement as chairman, will create the best possible leadership team for this next phase in the company’s evolution.”
DeNuccio comes into the role as an independent director on the board since December 2008. In addition to Metaswitch, he also serves on the boards of SanDisk and Catholic Charities.
A veteran of Redback Networks (now Ericsson), Cisco Systems and Bell Atlantic (now Verizon (News
)), DeNuccio is known for his ability to turn promising early and mid-stage businesses into multi-billion dollar global players, according to Metaswitch.
As Redback’s CEO, eNuccio reportedly oversaw the company’s transformation into the fastest growing edge router vendor and subsequent acquisition for $2.1 billion. And as a senior vice president at Cisco (News
), DeNuccio in four years grew the worldwide service provider division from a $500 million, 500-person organization to a $4 billion organization with 4,000 employees.
Over the course of the last decade, DeNuccio said that one of the issues he’s seen in the telecommunications is established vendors with multiple shrinking revenue streams have cut back on R&D, and lost the formula, people and agility to deliver the continuous rapid innovation the industry and carriers need.
“I soon realized Metaswitch had a quite extraordinary combination of talent and technology – traditional telephony and exciting new mobile, IP-based applications – that could fill this innovation gap, and propel it into the ranks of the major vendors worldwide,” DeNuccio said. “So, when the opportunity arose to help drive that strategy from the inside, I jumped at it. The timing just worked out perfectly, and I’m thrilled and excited to be helping the board and senior management team execute on our shared vision, and to working closely with our existing customers to innovate and deliver the solutions they need today and for the future.”
Marisa Torrieri is a TMCnet Web editor, covering IP hardware and mobility, including IP phones, smartphones, fixed-mobile convergence and satellite technology. She also compiles and regularly contributes to TMCnet's gadgets and satellite e-Newsletters. To read more of Marisa's articles, please visit her columnist page.
Edited by Marisa Torrieri