Embattled Bay Networks has found a new chief executive, adding to a series of senior management changes in the IT industry last week.
David House has left his post as senior vice president of Intel's enterprise server group to become Bay's president, chairman and CEO. House, 53, had been at Intel for 22 years. At Bay he replaces Andy Ludwick, who resigned early last month.
House will face a difficult task in putting the company back on its feet.
Bay's results for the quarter ended 30 September showed a 91% fall in profits, excluding a charge relating to the company's acquisition of LANcity.
The company's market share has also been eroded - latest figures from Dataquest put the company in fourth place in its core ATM switching market, with a share of just 6%.
House was joined in leaving Intel by fellow veteran Carl Everett, who retired after 18 years with the company. Everett was senior vice president of the desktop product group. House has been replaced at Intel by John Miner, vice president of the OEM products division, while Patrick Gelsinger, head of the Internet and communications group, will take over from Everett.
Microsoft also went through a senior management shakeup. The company's top female executive, Patty Stonesifer, has departed to become a management consultant, working for Hollywood's DreamWorks SKG. Stonesifer was senior vice president of Microsoft's interactive media division, managing consumer products.
Microsoft also realigned its product groups, dividing it up into two broad groups: a platforms and applications group headed by Paul Maritz and an interactive media group run by Pete Higgins. Nathan Myhrvold, the firm's well-known technical guru, will fill the newly created position of chief technology officer.
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