Avaya Appoints New CEO and President: Alan Masarek | Financial Buzz

Avaya Appoints New CEO and President: Alan Masarek

Avaya Holdings Corp. (NYSE: AVYA) has reported than Alan Masarek has been appointed as President and CEO, in addition to being a member of Avaya’s board of directors, effective August 1st, 2022.  Masarek will succeed Jim Chirico, as Chirico will be removed from his position as President and CEO of Avaya effective August 1st, 2022.  Bill Watkins, Chairman of Avaya’s Board, said, “We are thrilled to welcome Alan as President and CEO. Alan is a proven transformational leader, and after a rigorous search process, the Board is confident that Alan is the ideal choice to lead the company into the future. We look forward to benefiting from his decades of industry expertise as we take the next steps to position the company for long-term success.”

Mr. Masarek commented, “Avaya benefits from an industry-leading brand, world-class customer base and global reach, a rich history of innovation and strong partner ecosystem. I look forward to leveraging my background and years of cloud communications experience to propel Avaya to renewed growth and profitability as we build on the company’s strong fundamentals. At the same time, I intend to undertake a comprehensive strategic and operating review of all facets of the business with the goal of delivering industry-leading solutions to our global customers and enhancing value for all stakeholders.”

Mr. Watkins continued, “The Board and I thank Jim for his nearly 15 years of service to Avaya and wish him all the best in his future endeavors.”

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