Polycom has announced it has eliminated the position of Chief Operating Officer to better streamline the organisation and continue its focus on driving operating performance. As a result, Eric Brown will leave the company to pursue other opportunities. Brown joined Polycom in February 2012 as Chief Operating Officer, Chief Financial Officer and Executive Vice President.
The company’s Chief Accounting Officer, Laura Durr, has been appointed Interim Chief Financial Officer effective immediately and will serve in that role while Polycom conducts an executive search for a new Chief Financial Officer. The Operations and Services functions will now report directly to Peter Leav, President, and Chief Executive Officer.
This announcement is not a reflection of any accounting or financial concerns at the Company.
“Increasing operating margins remains the number one financial priority for Polycom in 2014. After careful review of the needs of the organisation, we have streamlined the accounting, finance, services and operations functions in order to better focus on driving operating margin improvement,” said Leav. “We thank Eric Brown for his service to Polycom. Laura Durr is a ten-year veteran of Polycom and a seasoned financial executive, so we expect a smooth transition.”