Mitel Networks CEO to leave post

03.09.2010
After just over nine years at the helm of Mitel Networks Inc., Don Smith is leaving as chief executive officer of the unified communications applications developer to sit on the board directors.

Smith's decision, announced Thursday with the release of quarterly financial results, comes only four months after the Ottawa-based company went public.

However, in an interview he said that in the months leading up to the initial public offering he wasn't considering an exit.

"Now seemed as good a time as any," he said. "We'd achieved as many of the things I had as personal objectives since I came back to Mitel almost a decade ago." In addition, the 62-year-old Smith noted he's been working 40 years.

His departure comes after leading Mitel through what could be considered a complete overhaul: Shifting to a software-based company from a PBX manufacturer, buying U.S. competitor Inter-Tel Inc. in 2007 and going public in April.

As a result, he says research companies rate Mitel the third biggest IP communications supplier in the U.S. either by ports shipped or revenue to small and mid-sized businesses (SMBs).

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