Avaya Holdings has emerged from Chapter 11 with approximately $650 million in liquidity and significant financial flexibility while welcoming a new board of directors.
Alan Masarek, Avaya CEO, said: “We are moving ahead with significant financial resources to accelerate investment in our portfolio.”
Masarek is on a new Board of Directors with extensive industry and financial leadership experience that includes:
- Patrick Bartels (Managing Member of Redan Advisors)
- Patrick Dennis (CEO, ExtraHop)
- Robert Kalsow-Ramos (Partner in Private Equity, Apollo Global Management)
- Marylou Maco (most recently Executive Vice President, Worldwide Sales and Field Operations, Genesys
- Aaron Miller (Partner in Private Equity, Apollo Global Management and Head of Apollo Portfolio Performance Solutions)
- Donald E. Morgan, III CFA (Chief Investment Officer, Managing Partner and Portfolio Manager at Brigade Capital Management)
- Tod Nielsen (most recently President and Chief Executive Officer of TalkWalker)
- Jacqueline Woods (Chief Marketing Officer, Teradata).
Avaya is focused on building on its iconic brand with product innovation investments that will continue to focus on the Avaya Experience Platform. Since the start of the year, the company has rolled out more than 150 new product features and enhancements across its portfolio and launched Avaya Enterprise Cloud, a dedicated instance of Avaya’s core contact center, collaboration and unified communications software solutions for large enterprises.
