SANTA CLARA, Calif. -- Extreme Networks(R), Inc. (NASDAQ:EXTR) today announced that its President and Chief Executive Officer, Gordon Stitt plans to retire during the 2006 calendar year after 10 years in the position. The Board of Directors has formed a search committee, led by an independent director, to search for and select a new CEO. Mr. Stitt will be active in finding his replacement, and will continue to lead the company until that replacement is found. Upon the appointment of a new CEO, Mr. Stitt will assume the position of Chairman of the Board of Directors.

"Gordon has been with Extreme Networks since day one and has built a remarkable global organization," said Mike West, Extreme's Chairman of the Board. "He has guided the Company from inception, through incredible growth, built a tremendous base of world-class customers and led with grace through some great challenges. We are well positioned to recruit an outstanding CEO to build on our success, and Gordon's on-going guidance and continuing role as Chairman of the Board will ensure a seamless transition."

Extreme Networks Inc. (Nasdaq: EXTR)