Polycom stands on the precipice of the most significant change in its history. Leav seems well suited to the task at hand so I’m expecting big things from him.
Earlier this week, Polycom announced that Peter A Leav will become the next President and CEO of the company, taking over from interim CEO Kevin Parker. Mr. Parker will remain Chairman of the Board and will help transition Leav into the company.
Bringing in a new leader, particularly from the outside, can be somewhat risky; a new person at the top typically means a change in culture and focus for the company. For instance, under Bob Hagarty, Polycom was a very engineering-focused organization but wasn’t all that strong a sales execution and marketing company. Andy Miller then took over as CEO and the focus shifted and we saw a much more aggressive Polycom, which reflected Miller’s personality. This, coupled with the continued strong engineering, allowed Polycom to pick up share in video over rival Cisco during the Miller tenure.