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Thu 17 May 2007 10:22 AM

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3Com lines up finance chief replacement

Networking equipment maker 3Com has appointed a new chief financial officer (CFO) following the resignation of Donald Halsted "to pursue other opportunities".

Networking equipment maker 3Com has appointed a new chief financial officer (CFO) following the resignation of Donald Halsted "to pursue other opportunities".

3Com has named Jay Zager as his replacement, Zager was previously CFO at Gerber Scientific, a US firm that develops technology used in signs and graphics.

Zager will take up the role of executive vice president and CFO on June 23. Halsted will serve as an advisor to 3Com and Zager to help facilitate an orderly transition of responsibilities.

"We believe Jay Zager's significant executive, financial and international experience will play an important role in helping the new 3Com improve our financial performance and market position," said Edgar Masri, 3Com president and CEO.

Prior to his work at Gerber, Zager was senior vice president and CFO of Helix Technology, a global semiconductor equipment manufacturer. Earlier he was executive vice president and CFO of Inrange Technologies, a storage networking company.

"I look forward to helping lead the organisation to drive further process improvements and to realise the growth and profitability potential that I believe it is well positioned to achieve," said Zager.

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