Riverbed Names Rich McBee as New President and CEO
We’re thrilled to announce the appointment of Rich McBee as our new President and CEO. Rich is formerly the President and CEO of cloud communications leader Mitel, and takes over from our interim CEO and ongoing Chairman of the Board, David Murphy.
Rich is a strong leader and strategist with a track record of driving business execution and performance and operational excellence. He’s also a champion for both customers and partners and has worked closely with the partner community in his previous leadership positions. In Rich’s eight-year tenure with Mitel, he grew revenue from $500M to $1.35B, drove transformative innovation, and closed a dozen strategic transactions. As we focus on both our digital networking and digital experience management businesses, we have full confidence in Rich’s ability to lead us as we execute strategically in these markets and move decisively to win major market share.
Rich also brings excellent experience from stints at Danaher, where he led the Communications & Enterprise Group with a combined total annual revenue of $700M and increased the profitability of the company’s telecom segment by more than 20 percent. And as a long-time leader at Tektronix, Rich achieved 70 percent gross margin for his unit and 42 percent market share in the network monitoring business segment.
A sincere believer in Riverbed’s brand, technology and strategic direction, Rich will steer the course, continuing to execute on the strategy that produced excellent Q3 results and has set us up for a strong Q4 and 2020. He’s also planning on getting out extensively in the next several months and looks forward to meeting many of our partners as part of his travels.
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