Nortel agreed to sell its Enterprise Solutions group to Avaya for US$475 million, barring any better offers from other potential bidders under the "stalking horse" arrangement. Nortel's enterprise chief Joel Hackney shared a few thoughts about the deal and its implications.
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Charles Giancarlo spent more than a decade at Cisco Systems and was widely considered a likely heir to Chairman and CEO John Chambers before he left last year for investment company Silver Lake Partners. Then Silver Lake orchestrated a private-equity buyout of Cisco rival Avaya, and Giancarlo stepped in as interim president and CEO. In January, former JDS Uniphase chief Kevin Kennedy will take over day-to-day operations as president and CEO, and Giancarlo will become chairman. Stephen Lawson of the IDG News Service spoke with Giancarlo on Tuesday after he delivered the opening keynote at VoiceCon in San Francisco.
Interim Avaya CEO Charles Giancarlo is winding down his tenure at the helm as the company narrows down a permanent replacement for former CEO Lou D'Ambrosio, who stepped down earlier this year for health reasons.