Avaya Announces New CEO As Company Prepares To Exit Bankruptcy
Avaya announced the appointment of a new CEO Tuesday as the company prepares to exit Chapter 11 bankruptcy protection this fall. The new CEO, Jim Chirico (pictured), has been the company's chief operating officer and global sales leader, and will replace current CEO Kevin Kennedy. Avaya said Kennedy is retiring and will officially step down from his CEO and board member role on Oct. 1. He will remain an adviser to the company.
Partners, many whom have been struggling with a sales slowdown since the vendor filed for Chapter 11, cheered the reorganization and restructuring at the company and the moves' potential to turn around the company.