Mary McDowell To Become Polycom CEO, Effective On Closing Of Siris Capital Deal

(RTTNews) - Polycom, Inc. (PLCM), and Siris Capital Group, LLC said that Mary McDowell will succeed Peter Leav as Polycom's CEO, effective and contingent on the closing of the merger of Polycom with an affiliate of Siris Capital.

Peter Leav will remain CEO and a board member until the closing of the transaction, which is expected to be completed in September or October 2016.

McDowell is a technology executive who has led global multi-billion dollar businesses in the mobile, consumer and enterprise sectors. She is currently an Executive Partner at Siris Capital.

Prior to that, McDowell was the EVP, Mobile Phones at Nokia, where she held global P&L responsibility for the feature phone business and associated software and digital services. She joined Nokia in 2004 to lead the Enterprise Solutions business and later served as Chief Development Officer.

Leav has served as Polycom's CEO since December, 2013. He has chosen to leave Polycom effective as of the close of the acquisition to pursue other opportunities.

Polycom announced yesterday that its stockholders approved the previously announced acquisition of the company by entities affiliated with Siris Capital Group, LLC, at a special meeting of Polycom's stockholders held on September 2, 2016.