Extreme Networks, Inc, a pioneer in cloud networking, has now revealed that CFO Rémi Thomas would be leaving the business for a job at a privately owned software firm. The contract extension extends Thomas’s time with Extreme until 16 February 2023.
Extreme is now looking for a new chief financial officer and has enlisted the help of a top agency in executive recruitment to do so. Cristina Tate, currently the vice president in charge of Financial Planning and Analysis, will act as the temporary chief financial officer. In her role at Extreme, she handles all financial business relationships and is in charge of strategic planning, budgeting, forecasting, and management reporting. She also leads the Extreme WIN alliance of women in networking as its chair. Tate’s professional history includes stops at Micro Focus and HP’s Software division before she joined Extreme. She graduated with a BA in economics and mathematics from the University of California, Santa Barbar.
“I would like to personally congratulate Rémi for his management at Extreme and for overseeing significant achievements like our purchase and integration of both Aerohive Networks and Ipanema. He was instrumental in leading Extreme through a worldwide pandemic and tremendous supply chain problems as part of our cloud shift”. As CEO Ed Meyercord put it, “we are projecting increased growth over the next few years, which will provide tremendous operational leverage that we are poised to take advantage of.”
Meyercord went on to say that “Cristina is a highly recognized leader in our financial group who is directly engaged in operating our company day-to-day and implementing our long-term plan.” Now that we’re entering this exciting new period of increased expansion, he said, “this is a perfect chance for her to come in and give a smooth transition.”
CFO Rémi Thomas made the following statement: “I am delighted to have been a part of the Extreme team that implemented a growth plan to cloudify our portfolio, took a share, increased efficiency, and produced fundamentally greater profitability and cash flow.” We are confident that Extreme will be able to realize its financial potential over the long run.
