Eileen Nelson named SVP of HR and Tony Wang VP of Worldwide Supply chain; Appointments Will Help 3Com Accelerate Global Business Plan
MALAYSIA – June 2, 2008 – 3Com Corporation (NASDAQ: COMS) today announced the appointment of two new senior executives to help accelerate the company’s global business plan. Eileen Nelson has been named Senior Vice President, Human Resources and Tony Wang is the company’s new Vice President, Worldwide Supply Chain.
Nelson, who reports to President and COO Ron Sege, is responsible for 3Com’s worldwide human resources organization. She will work with the 3Com’s China-based operations to drive consistency in the company’s global HR programs.
“We are very fortunate to have Eileen join 3Com,” said Sege. “With more than 25 years working in HR, she will be a tremendous asset in instilling a one-company culture. One of Eileen’s key areas of focus is to identify and recruit highly qualified people – particularly in sales and service so we can accelerate our strategy of building a growing and profitable global networking leader.”
Nelson comes to 3Com from Tropos Networks, where she had been Vice President of Human Resources since 2005. Previously, she was Senior Vice President of Human Resources for eBay. Earlier in her career Nelson held increasingly senior HR positions for several leading technology companies. She is based in the United States.
Tony Wang brings 30 years of networking industry supply chain experience to 3Com. Based in Hangzhou, China, the center of 3Com’s strong presence in the Asia-Pacific region, Wang reports to 3Com Executive Vice President Dr. Shusheng Zheng.
Tony’s key focus is to integrate the company’s two supply chains – one in China and one U.S.-based – into a single, highly efficient global organization to deliver enterprise products that lead the industry in innovation, performance and value proposition. Establishing a worldwide supply chain will help the company reduce costs and improve operational efficiency.
Wang joins 3Com after 9 years with Nortel, where most recently he was managing director of Guangdong Nortel, a joint venture between Nortel and several Chinese networking companies. Wang managed the company’s manufacturing operations. Previously, he spent more than 20 years with networking company Alcatel in China and Taiwan, rising to General Manager of Alcatel Business Systems.
Corporate Governance
3Com’s Compensation Committee granted Ms. Nelson options to purchase 300,000 shares of 3Com’s common stock, and 75,000 shares of restricted common stock, under NASDAQ’s "inducement" exception. Per company policy, these grants are made, and the exercise price of the stock options will be determined, on the first Tuesday of the month following the month in which Ms. Nelson commences employment with 3Com. The options have a term of seven years, vest in equal annual installments over four years, and were granted under a Stand Alone Stock Option Agreement with Ms. Nelson. The restricted stock vests in equal annual installments over three years and was granted under Stand Alone Restricted Stock Agreement with Ms. Nelson.
Safe Harbor
This release contains forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including forward-looking statements regarding executive transition, growth goals and future strategies. These statements are neither promises nor guarantees, but involve risks and uncertainties that could cause actual results to differ materially from those set forth in the forward-looking statements, including, without limitation, risks relating to our ability to profitably grow the company and other risks detailed in our filings with the SEC, including those discussed in our quarterly report filed with the SEC on Form 10-Q for the quarter ended February 29, 2008. 3Com Corporation does not intend, and disclaims any obligation, to update any forward-looking information contained in this release or with respect to the announcements described herein.
Tuesday, June 3, 2008
3Com Names Veteran Executives to Lead Human Resources and Global Supply Chain Operations
标签: 3Com
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