3com CEO Resigns
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[Sydney, AUSTRALIA] Eric Benhamou,chairman of 3Com Corporation has resigned as CEO, appointing Bruce Claflin to take over the post as of January 1, 2001. Claflin is 3Com's president and chief operating officer. Benhamou will continue as chairman of 3Com's board of directors.
Benhamou appointed Claflin as president and chief operating officer in August 1998. Claflin was responsible for 3Com's worldwide operations including all product and service businesses, sales and marketing. Claflin played a key role in 3Com's recent transformation. Prior to joining the company, Claflin worked for Digital Equipment Corporation and IBM. At Digital, he served as senior vice president and general manager for sales and marketing. At IBM, where he worked for 22 years, Claflin held several senior positions including leading the team responsible for introducing IBM's ThinkPad line of laptops.
At 3Com's annual shareholder meeting in Santa Clara, Benhamou said, "I believe it is in the best interest of a company and its leader, to self-rejuvenate. It's been my privilege to serve as 3Com's CEO for ten years, a long time in this industry."
"This transition is taking place at the right time for the right reasons and to the right person," Benhamou continued. "3Com has completed a radical strategic transformation and entered a new phase of growth. Clearly, Bruce Claflin is the right person to continue this positive momentum. When I met with 3Com's board and nominated him to become CEO, I did so knowing he is ready, he is committed, and 3Com employees are ready to follow him."