Enjoying some of its best sales in its 21-year history, Arris announced a major management change, with network and cloud business chief Bruce McClelland moving up to CEO, and longtime chief executive Bob Stanzione assuming the position of executive chairman.
Arris said it hired consultancy firm Spencer Stewart to help it conduct the CEO transition earlier this year and conduct an “extensive search process.” The transition will become effective Sept. 1, the company added.
"Since its formation, Arris has grown from a small joint venture to a global leader in entertainment and communications technology," Stanzione said in a statement. "With integration efforts from the Pace acquisition substantially complete, now is the right time to transition the role of CEO to a new leader who will continue Arris' growth and success.”
Stanzione has served as CEO of Arris since the company was launched as in 1995 as a joint venture between Nortel Networks and Antec. In his next full-time role, Arris said, he’ll focus on “strategic planning and customer engagement.”
McClelland joined Arris in 1999 following an 11-year stint at Nortel/Bell Northern Research. He oversaw the development of Nortel’s SS7 switching productions just before joining Arris.
Arris just reported its biggest revenue quarter ever, taking $1.73 billion in sales in the second quarter, a 37.3 percent year over year increase.
Sales spiked 40 percent in the pay-TV vendor's CPE division to $1.17 billion, with the company reporting improvements across its video CPE product spectrum. Arris' network and cloud sales grew 33 percent, meanwhile, to $564 million.
"It is often said that a company takes on the personality of the CEO, and Arris is a perfect example of this adage. Bob Stanzione's relentless focus on 'Customer First' has become the motto for the company," McClelland added. "His belief in the people of Arris and his tireless drive to innovate and to exceed customer expectation has led Arris to where it is today. Our 'on demand, always connected' society will continue to fuel exponential Internet traffic growth, and Arris is in a strong position to continue to grow and deliver results for our employees, shareholders and customers.”
For more:
Related articles:
Arris reports its best quarter ever; Stanzione credits Pokemon
Arris' Stanzione: Set-top isn't getting 'ditched' anytime soon
Arris' Cheevers says set-tops are transitioning, not dead