Polycom Eliminates COO Position; COO & CFO Eric Brown To Depart - Quick Facts

(RTTNews) - Polycom Inc. (PLCM) announced that it has eliminated the position of Chief Operating Officer to better streamline the organization and continue its focus on driving operating performance. As a result, Eric Brown, Chief Operating Officer and Chief financial officer, will leave the company to pursue other opportunities.

However, the company said that the announcement is not a reflection of any accounting or financial concerns at the company.

Brown joined Polycom in February 2012 as Chief Operating Officer, Chief Financial Officer and Executive Vice President.

Meanwhile, the company said that its Chief Accounting Officer, Laura Durr, has been appointed as Interim Chief Financial Officer effective immediately and will serve in that role while Polycom conducts an executive search for a new Chief Financial Officer.

Durr joined Polycom in 2004 and has served as Chief Accounting Officer since 2005. In her new role as Interim CFO, Durr will report directly to Leav. Prior to joining Polycom, Durr held executive positions in Finance and Administration at QuickSilver Technology, C Speed Corporation and Lucent Technologies. She spent six years at Price Waterhouse LLP.

The Operations and Services functions will now report directly to Peter Leav, President, and Chief Executive Officer.