Sunday , 25 March 2018
Home >> L >> Legislation and Regulation >> Avaya files matter to leave Chapter 11 as open company

Avaya files matter to leave Chapter 11 as open company

Networking and telecoms hulk Avaya has filed a Registration Statement on Form 10 with a US Securities and Exchange Commission, as it prepares to exit a Chapter 11 bankruptcy as a open company.

President and CEO Jim Chirico pronounced that a filing outlines “another critical step” in Avaya’s restructuring. He added, “Our registration matter lays a grounds for us to start building a subsequent section as a publicly traded company. Once it is effective, Avaya will turn a stating company, that will yield clarity to a several stakeholders”.

Avaya also announced a new Board of Directors, who will offer once it exits Chapter 11. As good as Chirico, they include:

  • Ronald Rittenmeyer is a CEO of Tenet Healthcare, and has worked as president, authority and CEO of Electronic Data Systems.

  • Stephen Scoll is a boss of Infor, and has formerly worked during Oracle.

  • Susan Spradley is a partner in a Tap Growth Group and is a executive on a house of Qorvo.

  • Stanley Sutula III is EVP and CFO during Pitney Bowes, and has reason a VP purpose during IBM.

  • Scott Vogel is a handling member of private investment organisation Vogel Partners LLC.

  • William Watkins was recently authority and CEO of Imergy Power Systems and, between 2004 and 2009, was CEO and executive of Seagate Technologies.

The stream house will reason a position until after Avaya has emerged from Chapter 11. The association filed for Chapter 11 failure in Jan this year, as a approach of restructuring a business.

A conference to cruise acknowledgment of Avaya’s Second Amended Plan by a US Bankruptcy Court for a Southern District of New York is scheduled to embark on a 28th November.

Further reading



  • <!–

  • Save this article

  • –>

==[ Click Here 1X ] [ Close ]==