Good points Paul. And some additional food for thought on value of COO addition per news from CIEN yesterday.
Wednesday August 25, 8:34 am Eastern Time
Company Press Release
CIENA Appoints Gary B. Smith
Chief Operating Officer
LINTHICUM, Md.--(BUSINESS WIRE)--Aug. 25, 1999--CIENA Corporation (NASDAQ: CIEN - news) today announced that Gary B. Smith, CIENA's senior vice president, Worldwide Sales, has been appointed to the newly created role of Chief Operating Officer, reporting to CIENA President and Chief Executive Officer, Patrick Nettles.
In addition to his continuing responsibility for CIENA's Worldwide Sales efforts, in his new role, Smith will oversee the operating aspects of CIENA's Core Switching and Transport Systems divisions, including manufacturing and product development for those divisions. He also assumes responsibility for CIENA services and customer support efforts.
As CIENA's President and Chief Executive Officer, Patrick Nettles will maintain direct-report responsibility for the company's strategic marketing, corporate and market development efforts, as well as for its finance, human resources and legal organizations. CIENA's Access Switching Division (ASD), led by Mike Champa, will continue to report directly to Nettles.
``CIENA's success to date is a result our ability to rapidly turn technology development into manufacturable products that the customer needs,' said Patrick Nettles, CIENA's president and chief executive officer. ``By assigning Gary operating responsibility for product development and manufacturing within our Core Switching and Transport Systems divisions, we've formalized the critical link between sales, product development and manufacturing - it all starts and ends with the customer.'
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