CFO Michael Kourey to retire from Polycom; company names Eric Brown chief financial officer and chief operating officer

February 9, 2012

3 Min Read

PLEASANTON, Calif. -- Polycom, Inc. (NASDAQ: PLCM), the global leader in standards-based unified communications (UC), today announced that Eric Brown will join the company as chief financial officer, chief operating officer, and executive vice president, starting Feb. 21, 2012. In his dual roles as CFO and COO, reporting to Polycom President and CEO Andy Miller, Brown, 46, will manage all financial, operational, and IT functions at Polycom, which are being consolidated under one leader for greater efficiency and scale as the company looks to accelerate its momentum and grow faster than the overall UC market. Polycom today also announced that Mike Kourey will retire from his position as EVP & CFO of Polycom in order to pursue other opportunities, including spending more time on corporate boards and on various charitable activities.

Brown comes to Polycom from Electronic Arts, the world's leading publisher of video game software, where as chief financial officer and executive vice president, he led the company successfully through rapid change. Brown was instrumental in leveraging advances in wireless and mobile technologies, shifting EA to online distribution of products and services, and streamlining EA's portfolio to drive profitability. He also served as key architect of a recent strategic acquisition designed to drive expansion and growth of digital offerings and make EA products available through mobile, social and cloud-based delivery. Prior to Electronic Arts, Brown was COO and CFO at McAfee, Inc. Before that, Brown was President and CFO of MicroStrategy, Inc, and also co-founded DataSage, Inc., where he also served as CFO. Brown earned his bachelor's degree from the Massachusetts Institute of Technology and his MBA from the MIT Sloan School of Management.

"As Polycom drives toward our vision to make video collaboration ubiquitous, I am very pleased to welcome a leader of Eric's caliber and proven operational excellence to our executive team," said Miller. "Eric's strengths and track record in finance, operations, and IT are exactly what Polycom needs at this time of unprecedented growth at the company. With Eric on board, we can put even more focus on innovation, and I look forward to spending additional time with customers and focusing on our long-term strategy. Eric brings deep knowledge of enterprise software and delivering software through mobile, social, and cloud-based models, all of which are integral to Polycom's software strategy. Eric will be an asset to our team and will play a leading role in the next era of growth at Polycom."

In a separate release: PLEASANTON, Calif. -- Polycom, Inc. (NASDAQ: PLCM), the global leader in standards-based unified communications (UC), today announced that Mike Kourey will be retiring from his position as executive vice president and chief financial officer of Polycom in order to pursue other opportunities, including continuing to serve on corporate boards and various charitable activities. As Polycom's seventh employee, Kourey has provided strategic financial expertise and business guidance to the company for 20 years, building a stellar financial position and reputation for Polycom. Kourey will remain with the company until March 7 to provide for a smooth transition, and he will be available as an advisor to the company through May 7, 2012. Separately, Polycom also announced it has appointed Eric Brown as the company's new chief financial officer, chief operating officer, and executive vice president effective February 21, 2012.

"I want to warmly thank Mike for his commitment to Polycom and his contributions to our success, including helping grow revenues from a standing start to $1.5 billion in 2011, with 12 sequential quarters of growth and 56 quarters of positive cash flow," said Andy Miller, president and CEO of Polycom. "Mike has been very helpful to me and the entire Polycom team over the past 21 months since I was appointed to CEO. I wish Mike all the best in his future business and charitable endeavors, and we will always consider him a key member of the Polycom family."

Polycom Inc. (Nasdaq: PLCM)

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