CEO: Richard McBee
Mitel mounted a major channel overhaul and a sizable turnaround effort following the appointment of Richard McBee as CEO in 2011. There are plenty of signs that things are much-improved, but at the same time, it'll still be a bit before Mitel realizes those improvements on its balance sheet. In August, Mitel cut guidance by more than $10 million in revenue for its July quarter and also said it would cut 200 full-time employees and close facilities.
Mitel previously cut about 20 percent of its overall workforce in 2010, following its disappointing initial public offering.